YouTube CEO Susan Wojcicki To Step Down, To Be Replaced With Neal Mohan.

Closing Bell

YouTube CEO Susan Wojcicki to Step Down

Well after nine years leaving Youtube Ceo Susan widgets key well known in silicon valley stepping down the executive who was one of google's first employees saying she's gonna take the time to focus on her family. So for more on the impact that widget ski had on the company and what it means for the future of Youtube owned by alphabet. I'm joined the cheddar news, senior reporter Michele Castelli. Oh Michelle, it's good to see you in the first google office was actu actually it's keys garage with the coat with which the co founders excuse me, rented for 1700 a month. This is incredible. What is the legacy that she leaves behind? It's crazy to think that that was the first google office. She was actually working at marketing and intel at that time and just really believed in the mission of google came on board in 1999. Really let a lot of their marketing and search efforts help co create Google image search moved around in the company quite a bit, but towards really the advertising side and was instrumental actually in acquiring Youtube for I think it was like $1.65 billion in 2006. Really pushed google to buy the company. Seeing a future there. Obviously she has led the helmet Youtube for the last nine years really putting on the map, making it a huge influencer space and really putting it through what is becoming a lot of the digital video revolution. But one of the key things really is the fact that she had that hand in advertising. She helped develop adsense, which is google's platform when it comes to display ads on websites. And she also led other acquisitions like DoubleClick, which is where her successor, Neil Mo hand came from. So the idea really is that she helped position Youtube as a advertising powerhouse this past quarter. Youtube brought in $7.96 billion in revenue. So way past what the company bought it and that was just one quarter in revenue. So a great decision for Youtube and now she's leaving the company. She'll stay on as an advisory member for both alphabet and google. But really looking to focus on her health and her family at this time. You know what I think about the top faces of Silicon Valley, whether it's a dozen, two dozen faces, I mean hers would definitely be among the top players for sure. What do we know about her successor? Michelle? So NEal Mohan is actually what formerly Led DoubleClick, which she did acquire was, which was acquired during her tenure at Youtube and kind of just, um, is another person who is a powerhouse when it comes to advertising. So they are aligned on a lot of this. He's the chief product officer currently at Youtube and really focused a lot on your user experience and a lot of those trust and safety issues. A lot of brands were concerned about especially appearing next to content that might not be what quote unquote brand safe at this time. This is a guy that people are looking for. So, so if you're looking for whether or not youtube will still stay in the advertising business, they are working pretty hand in hand. So it isn't, I feel like the strategy will change that much. One of the things, one other interesting thing I have about Mohan is that he's been a really big champion of Youtube shorts. He said that he directly wants to take on Tiktok. So this kind of gives you the vision for the future for the company kind of where they want to go. So it seems like strategy is gonna stay pretty much the same Michelle. Um, I know you'll be following this one for us to give us any updates as we get better news. Senior reporter Michelle, Castilian Michelle, thank you.