There is real thunder on Facebook. It’s “the end of an era,” even Mark Zuckerberg, the company’s boss and founder, commented on his profile. Sheryl Sandberg, Metin number two, announced her resignation on Wednesday. The muse of Silicon Valley, it was she who transformed the popular social network into an advertising machine:
“I’m leaving Meta after 14 years,” the COO confirmed on Facebook. She will remain on the Board of Directors, however. Sheryl Sandberg assured that this year “along with Mark” Zuckerberg was “an honor and a privilege of life”.
McKinsey, Google, World Bank on his CV
Mark Zuckerberg, for his part, recalled that in 2008, when he hired Sheryl Sandberg, he was only 23 and knew “nothing about corporate governance”. She was 38 years old and had a career in prestigious organizations, from the World Bank to the McKinsey consulting group. She has also worked for the U.S. Treasury Department as Director of Personnel and Google as Vice President of International Sales and Operations.
“Sheryl designed the architecture of our advertising business, recruited great people, shaped our corporate culture and taught me how to run a company,” Mark Zuckerberg wrote. “She created opportunities for millions of people around the world and thanks in large part to her Meta became the band she is today.”
After establishing itself as the world’s leading social network in the 2000s, Facebook expanded and acquired other services such as Instagram, WhatsApp and Oculus. With about 3.6 billion monthly users, Meta is now worth more than $ 500 billion.
A spokesman further said Javier Olivan would be the new chief operating officer, but Mark Zuckerberg clarified that he did not intend to replace Sheryl Sandberg’s position as it is. “I think Meta has reached a point where it makes sense for our product and our different businesses to be more integrated with each other,” he said.
Turn to the metaverse
At the end of 2021, the founder renamed the parent company “Meta”, in order to mark the turning point towards the metaverse, this parallel universe available in augmented and virtual reality. But its economic model remains based on targeted advertising on a very large scale, and thus on the attention and data of users. He has provoked controversy after controversy since 2016. And many authorities accuse him of abusing domination.
“The debate over social media no longer has anything to do with the beginnings,” Sheryl Sandberg said in her long message, outlining the main stages of her years on Facebook. “It simply came to our notice then. But it is normal to be difficult. “Our products have a huge impact, so we have a responsibility to design them in a way that protects people’s privacy and security.” Meta will do it now without him.