Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

0:00
0:00

Facebook-owner Meta Platforms' Sheryl Sandberg to leave after 14 years

Meta Platforms Chief Operating Officer Sheryl Sandberg, whose close partnership with Chief Executive Officer Mark Zuckerberg powered the growth of the world's biggest social network, is leaving the company after 14 years, she said in a Facebook post on Wednesday.

The announcement initially sent the social media firm's shares down 4%, but the stock was nearly flat in after hours trade.

"When I took this job in 2008, I hoped I would be in this role for five years. Fourteen years later, it is time for me to write the next chapter of my life," she wrote.

Chief Growth Officer Javier Olivan will take over as chief operating officer, Zuckerberg said in a separate Facebook post, although he added that he did not plan to replace Sandberg's role directly within the company's existing structure.

"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 organized separately from our products," he said.

Olivan has worked at Meta for more than 14 years and has led teams handling Facebook, Instagram, WhatsApp and Messenger.

Sandberg's departure marks an end of an era for Meta, which is shifting focus toward hardware products and the "metaverse" after years of scandals over privacy abuses and the spread of conspiratorial content on its platforms, as well as plateauing user growth on its flagship app Facebook.

The second-in-command to founder Zuckerberg, who was 23 years old when he hired her, Sandberg is one of the most visible executives at the company and the lead architect of its often-criticized ads-based business model.

Bringing management experience and knowledge of the then-nascent digital ads industry, she transformed Facebook from a buzzy startup into a revenue behemoth, while also positioning herself as the face of feminism in corporate America.

At the time, Facebook was making $272 million in revenue, for a net loss of $56 million, according to regulatory filings. By 2011, a year before the company's initial public offering, its revenue had shot to $3.7 billion on $1 billion in profits.

Meta ended 2021 with revenue of $118 billion and earnings of $39.4 billion.

Sandberg said in her post that she will continue to serve on Meta's board after leaving the company in the fall.

When asked about her next steps, she told Reuters she was focusing on philanthropy at a "critical moment for women."
Sheryl Sandberg, COO of Facebook and current chair of the Global Internet Forum to Counter Terrorism (GIFCT), gives a news conference on the sidelines during the 2019 United Nations Climate Action Summit at U.N.

"We've hired so many great leaders. I feel really good about that. The next leadership team is in place to take the company forward," she said, mentioning Chief Business Officer Marne Levine and President of Global Affairs Nick Clegg by name.


STAUNCH DEFENDER


Sandberg has been a staunch defender of Facebook over the course of its many controversies, consistently arguing that executives were learning from their mistakes and honing the company's tools to better police against harmful content.

She told Reuters last year that she and Zuckerberg had a responsibility to fix systems that had failed, while rejecting reports that she was losing power at the company.

"People love headlines about corporate drama, and I think it's fair to say they particularly love headlines about sidelining women," she said in the January 2021 interview.

Sandberg's tenure covered both Facebook's original settlement with the U.S. Federal Trade Commission in 2011 for privacy violations and a subsequent blockbuster $5 billion settlement for violations of the earlier deal.

She and Zuckerberg were among those that then-Commissioner Rohit Chopra said should have faced more investigation for their roles in the company's behavior.

Under her leadership, the company was buffeted by revelations in 2018 that U.K. consultancy Cambridge Analytica had improperly acquired data on millions of its U.S. users to target election advertising.

The same year, U.N. human rights investigators said the use of Facebook had played a key role in spreading hate speech that fueled violence against the Rohingya community in Myanmar.

She courted additional criticism when she told Reuters early last year she believed events around the Jan. 6 attack on the U.S. Capitol were largely organized on other platforms, although researchers had identified similar activity on Facebook as well.

Whistleblower Frances Haugen late last year accused the social media giant of repeatedly prioritizing profit over clamping down on hate speech and misinformation, and said her lawyers had filed at least eight complaints with the U.S. Securities and Exchange Commission.

Prior to joining Facebook, Sandberg was vice president of Global Online Sales and Operations at Google and chief of staff for the United States Treasury Department under former President Bill Clinton.

A Harvard University graduate, Sandberg is the author of several books, including the 2013 feminist manifesto "Lean In: Women, Work, and the Will to Lead."

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Russia’s President Putin Declares Burevestnik Nuclear Cruise Missile Ready for Deployment
US Administration Under President Donald Trump Reportedly Lifts Ban on Ukraine’s Use of Storm Shadow Missiles Against Russia
White House Announces No Imminent Summit Between Trump and Putin
China Presses Netherlands to “properly” Resolve the Nexperia Seizure as Supply Chain Risks Grow
Merz Attacks Migrants, Sparks Uproar, and Refuses to Apologize: “Ask Your Daughters”
Apple Challenges EU Digital Markets Act Crackdown in Landmark Court Battle
Shouting Match at the White House: 'Trump Cursed, Threw Maps, and Told Zelensky – "Putin Will Destroy You"'
‘No Kings’ Protests Inflate Numbers — But History Shows Nations Collapse Without Strong Executive Power
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
EU Moves to Use Frozen Russian Assets to Buy U.S. Weapons for Ukraine
Europe Emerges as the Biggest Casualty in U.S.-China Rare Earth Rivalry
“Firepower” Promised for Ukraine as NATO Ministers Meet — But U.S. Tomahawks Remain Undecided
The Sydney Sweeney and Jeans Storm: “The Outcome Surpassed Our Wildest Dreams”
Dutch Government Seizes Chipmaker After U.S. Presses for Removal of Chinese CEO
AI and Cybersecurity at Forefront as GITEX Global 2025 Kicks Off in Dubai
Ex-Microsoft Engineer Confirms Famous Windows XP Key Was Leaked Corporate License, Not a Hack
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
Wave of Complaints Against Apple Over iPhone 17 Pro’s Scratch Sensitivity
Munich Airport Reopens After Second Drone Shutdown
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
The Personality Rights Challenge in India’s AI Era
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Study Finds No Safe Level of Alcohol for Dementia Risk
Trump Says Ukraine Can Fully Restore Borders with NATO Backing
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Germany Weighs Excluding France from Key European Fighter Jet Programme
Cyberattack Disrupts Check-in and Boarding Systems at Major European Airports
Björn Borg Breaks Silence: Memoir Reveals Addiction, Shame and Cancer Battle
When Extremism Hijacks Idealism: How the Baader-Meinhof Gang Emerged and Fell
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
Trump Orders $100,000 Fee on H-1B Visas and Launches ‘Gold Card’ Immigration Pathway
France’s Looming Budget Crisis and Political Fracture Raise Fears of Becoming Europe’s “Sick Man”
Three Russian MiG-31 Jets Breach Estonian Airspace in ‘Unprecedentedly Brazen’ NATO Incident
European manufacturers against ban on polluting cars: "The industry may collapse"
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
×