When Sheryl Sandberg first joined Facebook in March 2008, the tech startup had a CEO in his 20s, several hundred employees, a business model that advertisers didn’t quite know what to do with and a workplace culture that still bears its mark. College housing assets. The company was making $150 million a year; Every month, 100 million people log in.
Given founder Mark Zuckerberg’s vision, Sandberg agreed to come on board as chief operating officer — putting her second in what is now, 14 years later, one of the most powerful companies on the planet. These days, Facebook says it has nearly 80,000 employees; Generates revenue of more than $100 billion annually; It hosts several billion monthly active users. Throughout his astronomical ascent — and recent missteps — Sandberg has been the most outspoken defender and advocate of Facebook, even more so than Zuckerberg himself.
Sandberg announced Wednesday that she will soon be stepping down as COO of Meta Platforms Inc. The mother is on Facebook, leaving the organization almost unrecognizable from the company she joined.
Sandberg wrote in a long retrospective Posted – elsewhere – on Facebook. “Fourteen years later, it is time for me to write the next chapter of my life.
“I’m not quite sure what the future will hold…but I know it will involve focusing more on my foundation and philanthropy.”
Sandberg’s exit comes at a turbulent moment for the Meta movement, which has been plagued by recent scandals and leaks while also trying to pivot toward a murky new vision of social networking. It also arrives amid speculation that Sandberg’s power within the company has been curtailed and that tensions between her and Zuckerberg have increased.
According to a Meta spokesperson, Sandberg told Zuckerberg this weekend of her plans to step down. Its exit comes on the heels of a similar move by chief technology officer Mike Schroepfer, who step down From this post in April.
Sandberg said there will be a transition process over the next few months before she leaves in the fall. However, it will not be a complete exit; The outgoing CEO is set to remain on the Meta Board of Directors.
Facebook pledge a sweeping the brand In 2021, it reorganizes its titular social platform as well as Instagram, WhatsApp and other affiliates under the umbrella of a new conglomerate called Meta. The new name was a nod to the company’s growing interest in the “metaverse” – a modern but still completely abstract vision of the future of the Internet that emphasizes virtual reality and interactive digital environments – but was also seen by some as an attempt to distract from an ever-lengthening list of controversies and claims, not to mention the core business that You may be approaching maturity.
Sandberg criticized her initial silence About Cambridge Analytica for the platform data privacy scandal in 2018, for example, as well as its slow response to concerns about Russian interference in the 2016 election.
In the fall of 2018, company insiders told the Wall Street Journal that Zuckerberg had tasked Sandberg with preventing more such scandals, leaving her in a difficult and ingratitude position where any blunders would be highly visible to outside critics. With Sandberg tasked with defusing PR landmines, Zuckerberg was free to focus on matters of strategy and engineering.
Sandberg became ‘increasingly isolated’ during Donald Trump’s presidency, The New York Times mentioned Last summer: “Her role as second CEO was less certain as he was promoted to many other CEOs, and her influence waned in Washington..2, but No. 1 and many.”
It has also been checked due to reports that Tried pressing The Daily Mail in a murder article about a restraining order filed by a woman against Bobby Kotik, CEO of video game company Activision Blizzard and ex-boyfriend of Sandberg. Kotick has faced allegations He created a toxic and sexist work environment at Activision and has known for years about allegations of sexual misconduct within the company.
“Sandberg is leaving behind a shameful legacy,” the Real Facebook Oversight Board, a watchdog group focused on the company, said in a statement Wednesday. “Its failed leadership enabled Facebook and its platforms to become the engine of disinformation that they are today.”
In February, the company mentioned The number of its daily users has shrunk for the first time ever.
Sandberg’s public image was shaped largely by her 2013 book Lean In: Women, Work and the Will to Lead, which laid out a vision of career-centric feminism that was in turn heralded as empowering and criticized as overly corporate. She joined Facebook four years before the social network came to public light, having previously worked at Google.
The unexpected death of her late husband Dave Goldberg – CEO of SurveyMonkey, another web platform – formed the basis From a second book, “Option B: Facing Adversity, Building Resilience and Finding Joy.”
I’ve done it since then I got engaged To Tom Bernthal, founder of a consulting agency in Los Angeles. “With Tom and I getting married this summer,” her life after Facebook will include parenting [their] The extended family of five children,” Sandberg wrote in her announcement.
Sandberg was a former member of the Clinton administration who also maintained a relationship with Hillary Clinton
float As a potential treasury secretary, it was the latter who was elected president – although Sandberg shot down those rumors, asserting that she was “very happy” at Facebook.
in his own statementZuckerberg, who also posted on Facebook, called her exit the end of an era.
“When [Sandberg] He joined me in 2008, I was only 23 and barely knew anything about running a company,” the billionaire founder wrote. “Cheryl designed our advertising business, hired great people, shaped our management culture, and taught me how to run a company. She has created opportunities for millions of people around the world, and she deserves much credit for what she is today “meta”.
Zuckerberg said he doesn’t plan to replace Sandberg’s role directly — “I’m not sure that would be possible,” he said, adding that the company is now in a place where it doesn’t make sense to explicitly define business processes from the product. Of which – but Javier Oliván, his chief growth officer, will take the title of COO.
“Olivan will now lead our integrated advertising and business products as well as continue to lead our core teams, integrity, analytics, marketing, corporate development and growth,” Zuckerberg said. Olivan’s current scope includes “growth, integrity, advertising, business platform, commerce, and social impact efforts” for the company, he said. Company CV.
The Associated Press was used to compile this report.