Sheryl Sandberg steps down from Facebook’s Meta

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 know. what to do and the workplace culture still bears its mark. origin university dormitory. The company made $150 million a year; every month, 100 million people log in.

With founder Mark Zuckerberg’s vision in mind, Sandberg agreed to become chief executive – putting her in second command of what is now, 14 years later, one of the most powerful companies in the world. pure. These days, Facebook says it has nearly 80,000 employees; generate more than 100 billion dollars in revenue per year; and has billions of monthly active users. During his meteoric rise – and recent setbacks – Sandberg has been Facebook’s most visible supporter and defender, even more so than Zuckerberg himself.

Until now.

Sandberg announced Wednesday that she will soon be stepping down as COO of Facebook parent company Meta Platforms Inc., leaving a business with almost no recognition from the one she joined.

“When I took this job in 2008, I expected to be in the role for five years,” Sandberg wrote in prolonged flashback she posted – elsewhere – on Facebook. “Fourteen years later, the time has come for me to write the next chapter of my life.

“I’m not entirely sure what the future will bring… but I know it will include focusing more on my foundation and philanthropy.”

Sandberg’s departure comes at a turning point for Meta, which has struggled with recent scandals and leaks while also working towards a novel vision of social media. . It also comes amid speculation that Sandberg’s power in the company has been curtailed and tensions between her and Zuckerberg have grown.

According to a spokesperson for Meta, this weekend, Sandberg told Zuckerberg about her plans. Her departure comes after a similar move by Chief Technology Officer Mike Schroepfer, who step down from that position in April.

Sandberg said there will be a transition over the next few months before she departs in the fall. However, it won’t be a complete escape; The outgoing CEO is expected to remain on Meta’s board of directors.

Facebook has taken on a rescan the brand in 2021, reorganizing its popular social platform as well as Instagram, WhatsApp and other subsidiaries under a new automotive conglomerate called Meta. The new name is a nod to the company’s growing interest in the “metaverse,” a trendy but still rather abstract vision of the future of the Internet with an emphasis on virtual reality and digital environments. interactive digital – but also seen by some as an attempt to disperse an ever-longer list of controversies and accusations, not to mention a core business area that may be about to mature.

Sandberg drew criticism for her initial silence About Cambridge Analytica’s Platform data privacy scandal such as in 2018, as well as her 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 tasked Sandberg with preventing multiple such scandals, leaving her in a predicament, ungrateful, in which any which incidents will be easily seen by outside critics. With Sandberg in charge of public relations demolitions, Zuckerberg is free to focus on strategic and technical questions.

Sandberg “increasingly isolated” during Donald Trump’s presidency, New York Times report last summer: “Her CEO’s second-in-command role is less certain with the upgrades of several other executives and with the decline of her influence in Washington.… Looks like Facebook is no longer led by a 1 and a No. 2, but number 1 and many. “

She was also scrutinized over reports that she try to put pressure The Daily Mail reported on an injunction a woman has filed against Bobby Kotick, the chief executive officer of the video game company Activision Blizzard and Sandberg’s ex-boyfriend. Kotick has face charges that he created a toxic, sexist work environment at Activision and knew for years about sexual misconduct claims in the company.

“Sandberg leaves a shameful legacy,” the Real Facebook Oversight Board, a company-focused oversight group, said in a statement Wednesday. “Her failed leadership has allowed Facebook and its platforms to become the disinformation engine they are today.”

In February, the company report that its daily user count fell for the first time.

Sandberg’s public image has largely been shaped by her 2013 book Lean In: Women, Work and the Will to Lead, which offers a career-centered feminist vision, to it was in turn heralded as empowering and criticized as overly collectivist. She joined Facebook four years before the social network went public, after previously working at Google.

Unexpected death of her late husband Dave Goldberg – CEO of SurveyMonkey, another web platform – form the base of the second book, “Option B: Facing Adversity, Building Resilience, and Finding Joy.”

She has been since then engaged for Tom Bernthal, founder of a consulting agency in Los Angeles. “When Tom and I get married this summer,” her Facebook life will include “parenting [their] Sandberg wrote in his announcement.

As a one-time member of the Clinton administration who also maintained a relationship with Hillary Clinton, Sandberg was

floating as a potential Treasury Secretary who would later be elected president – although Sandberg denied those rumors, insisting that she was “very happy” at Facebook.

In his own statementalso posted on Facebook, Zuckerberg thinks she’s come out of the end of an era.

“When [Sandberg] joined me in 2008, I was 23 years old then and I knew almost nothing about running a company,” the billionaire founder wrote. “Sheryl reorganized our advertising business, hired good people, forged a management culture, and taught me how to run a company. She has created opportunities for millions around the world, and she deserves credit for so much that Meta today has to offer.”

Zuckerberg says he has no immediate plans to replace Sandberg’s role — “I’m not sure that’s possible,” he said, adding that the company is now in a place where the demarcation is clear. business activities with the product is less reasonable. who – but Javier Olivan, his chief growth officer, will take over as COO.

Olivan “will now lead our integrated advertising and business products alongside continuing to lead the infrastructure, integrity, analytics, marketing, corporate growth and growth teams our leader,” Zuckerberg said. Olivan’s current goals include “growth efforts, integrity, advertising and business platform, commerce, and social impact efforts,” in his words. company bio.

The Associated Press was used to compile this report.

https://www.latimes.com/business/story/2022-06-01/sheryl-sandberg-facebook-meta-steps-down Sheryl Sandberg steps down from Facebook’s Meta

Edmund DeMarche

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