Sandberg has served as chief operating officer at the social media giant for 14 years. She joined from Google in 2008, four years before Facebook went public.
As one of the most prominent female executives in the tech industry, she was also often criticised for not doing enough both for women and for others harmed by Facebook’s products. Her public-speaking expertise, her seemingly effortless ability to bridge the worlds of tech, business and politics served as a sharp contrast to Zuckerberg, especially in Facebook’s early years.
And now, Meta is “facing a slowdown in user growth and ad revenue that is now testing the business foundation that the company was built on”, she said. “The company needs to find a new way forward, and perhaps this was the best time for Sandberg to depart.”Zuckerberg said in his own Facebook post that Javier Olivan, who currently oversees key functions at Meta’s four main apps – Facebook, Instagram, WhatsApp and Messenger – will serve as Meta’s new COO.
“I think Meta has reached the point where it makes sense for our product and business groups to be more closely integrated, rather than having all the business and operations functions organised separately from our products,” Zuckerberg wrote. She proved to be exactly what the then-immature Zuckerberg and the company needed at the right time, helping to pave the way to Facebook’s highly anticipated initial public offering of stock a decade ago.
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Source: staronline - 🏆 4. / 75 Read more »
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