Sheryl Sandberg, a well-known e; L. An executive in Silicon Valley who helped make Facebook a global tech giant is leaving her job as a chief operating officer of Meta, the company that owns Facebook. Sandberg, who is 52 years old, made the unexpected announcement in a Facebook post on Wednesday “When I started this job in 2008, I hoped to stay for at least five years.
After 14 years, it’s time for me to start the next part of my story, “Sandberg wrote. “I’ve learned that no one ever knows for sure what the future will bring.”The company says that Sandberg will stay on the board of directors for Meta. When Sandberg leaves the company this fall, another top manager, Javier Olivan, will take over as chief operating officer.
She wants to spend her time working on her foundation and doing charitable work. She wrote in her post that she is getting married to T.V. producer Tom Bernthal this summer.
Sandberg was one of the most influential people who helped Facebook grow from a free social network that was thought up in a Harvard dorm to one of the world’s most popular social media sites, with almost 3 billion users. During the early days of Facebook’s rise, she was often called “the adult in the room.”
She was the company’s No. 2 and worked with co-founder Mark Zuckerberg, who was in his early 20s and running the company. Sandberg worked as an advertising manager at Google for many years before joining Facebook.
“When we met, he was 23, and I was 38, but together we have been through the huge ups and downs of running this company,” Sandberg wrote in her goodbye note on Wednesday. Sandberg was in charge of Facebook’s advertising strategy, hiring, firing, and other issues related to management.
Zuckerberg told the New Yorker in 2011 that he once told her, “She takes care of things I don’t want to.” “She does that much better.”She became the public face of Facebook outside of the company. During crises, she did interviews and made friends with policymakers who thought about rules that would affect the company.
Sandberg is leaving at a time when Facebook, which changed its name to Meta last year, is trying to start over as a hardware company focused on the metaverse, which is powered by virtual reality. The business related to the metaverse, unlike the social network, doesn’t depend on advertising, which was one of Sandberg’s specialities.
Sandberg is not only the No. 2 on Facebook, but she is also a famous author. In 2013, she wrote a book called “Lean In,” which became a touchstone in the fight for more gender equality in the workplace. After her husband Dave Goldberg died unexpectedly in 2015, she wrote “Option B,” a book about dealing with grief.
Sandberg was the public face of Facebook during its many crises, such as Russia’s interference in the 2016 presidential election and the months after the Cambridge Analytica scandal in 2018, which was about how the data-mining firm used Facebook user data for political purposes without permission.
Her departure comes two months after a scandal in which Sandberg was said to have asked a British tabloid not to write about her ex-boyfriend Bobby Kotick, the CEO of Activision Blizzard. The story, which was never published, was supposedly based on court documents that showed Kotick’s ex-girlfriend had gotten a temporary restraining order against him because she said he was harassing her.
The Wall Street Journal said that Sandberg’s advisors were worried that the story would hurt Sandberg’s reputation as a woman’s rights activist. So, a group of people, including Facebook employees, worked to get rid of the story. Facebook looked into whether Sandberg’s actions broke company rules, but the results have not been made public.
A company spokeswoman would only say that the investigation was finished. A spokeswoman for Meta said that Sandberg’s leaving has nothing to do with what was said about Kotick. She wasn’t kicked out or fired,” said Nkechi Nneji, a spokeswoman for Meta.
Frequently Asked Question
Sheryl Is Leaving Facebook, but Why?
The last message from Sheryl Sandberg
Sandberg said she was leaving the company in a 1,000-word Facebook post so she could focus on her philanthropic work and her family. “After 14 years, it’s time for me to start writing the next part of my story.
Is She Still Working at Facebook?
Sheryl Sandberg has been the COO of Meta for 14 years. On Wednesday, she wrote on Facebook that she was leaving the company. After a transition period this summer, the company’s chief growth officer, Javier Olivan, will take over for Sandberg.
How Much Does Sandberg Own Facebook?
Sandberg’s base salary of $300,000 isn’t much, but she didn’t leave her job at Google for anything. She has nearly 1.9 million shares of Facebook stock, which are worth about $90 million.
How Much Does Sandberg Own Facebook? who Runs Facebook?
#1 Mark Zuckerberg – 29.3 percent – the U.S. $54.3 billion (March 2020)
#2 Jim Breyer & Accel Partners – 11.4 percent – $11.4 Billion.
#3 Dustin Moskovitz – 7.6 percent – $7.6 Billion.
#4: Yuri Milner and Digital Sky Technologies, with 5.4 percent, or $5.4 billion.
#5 Eduardo Saverin – 5 percent – $5 Billion.
#6: Sean Parker, 4 percent of the company, $4 billion.
Is Eduardo Saverin Still a Facebook Owner?
Review of Net Worth – Most of Saverin’s money comes from his share in Meta Platforms, which used to be called Facebook. The company’s 2022 proxy statement says that he owns about 2% of it. According to the earnings report for the fourth quarter of 2021, the largest social network in the world has 2.9 billion active users every month.
Did Mark Zuckerberg Steal Facebook?
In 2004, the Winklevoss brothers sued the man who started Facebook, Mark Zuckerberg, saying that he took their idea for ConnectU and used it to make the popular social networking site Facebook.