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Twitter to focus on video, commerce in business revamp (www.reuters.com)

submitted 1 year ago by NotBadAndYou@lemmy.fmhy.ml to c/technology

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Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company's business beyond digital advertising, according to an investor presentation by owner Elon Musk and new Chief Executive Linda Yaccarino that was reviewed by Reuters.

Yaccarino, who started as CEO on June 5, told Twitter investors on Thursday that the company is in early conversations with political and entertainment figures, payments services and news and media publishers, said a source familiar with the matter, who spoke on condition of anonymity to discuss a private investor call.

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[–] RamdomSlaphead@feddit.uk 3 points 1 year ago

Why go to the effort of buying something, just to destroy it, and make it something different? Surely the brand isn't strong enough to make it through such massive change?