Home » Entertainment » Red X recruits former CFO of streaming platform Tubi • Business • Forbes Mexico

Red X recruits former CFO of streaming platform Tubi • Business • Forbes Mexico

Social network , in English) in the incoming administration of Donald Trump.

Banki was CFO of streaming platform Tubi for more than six years and joined X this November, according to his LinkedIn profile.

Banki was pardoned by Trump – at the end of his first term in January 2021 – for his involvement in a case related to 2010 charges of making false statements.

He was also accused at that time of violating the United States trade embargo on Iran and operating an unlicensed money transfer business between these two countries, a crime for which he was convicted and spent almost two years in prison, but these charges They were overturned after a successful appeal.

Although other executives had helped fill the position in the two years since Musk acquired the company, Banki is the first CFO to be publicly known at X, according to The Wall Street Journal.

Read: This is how Musk’s US government efficiency panel could work

In June 2023, Musk named Linda Yaccarino as the network’s new CEO, and in September Angela Zepeda, former chief marketing officer of Hyundai Motor America, took control of the X marketing team.

The social network, which was previously known as Twitter, has a large debt and since Musk took over it has seen its income fall due to the lack of companies that want to advertise on X. To such an extent that the company said last year that its value had fallen by more than half, about $19 billion.

Musk paid $44 billion to take over the social network, in which he posts his own and other people’s content almost compulsively, in addition to having allowed the entry of content creators from the far-right or conspiracy orbit.

With information from EFE

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