Sheryl Sandberg has been a perfect example of maintaining her position in the market. The recent decision of Sheryl Sandberg, the chief operating officer of Meta Platforms, has come as a surprise to Facebook users. After 14 years as chief operator of Facebook parent Meta, Sheryl recently announced that she will be stepping down.
After 14 years as the chief operating officer of Facebook’s parent company Meta, Sheryl Sandberg is stepping down, a huge shake-up that will see chief executive Mark Zuckerberg lose one of his closest lieutenants. Sandberg, one of the company’s most visible executives, would depart after a transition period “in the fall,” while continuing on the Meta board.
Sandberg did not elaborate on her reasons for leaving the company, which she helped grow from a start-up with no income to a digital advertising powerhouse, in a post on her Facebook page on Wednesday. She expressed her desire to focus more on her charity endeavors, saying she was “not entirely sure what the future will bring.”
Another long-serving employee, Javier Olivan, who is also the company’s chief growth officer, will take over as an operational officer. In his own lengthy Facebook statement, Zuckerberg described Sandberg as having “architected our ads business, hired great people, forged our management culture, and taught me how to run a company.”
Sandberg’s surprise exit, which comes at a difficult moment for Facebook, comes as a polarising figure whose tenure has been plagued with issues. The corporation has been embroiled in a number of scandals, including recent whistleblower allegations that it consistently prioritizes “profit over safety,” as well as a slowing of development as competition grows.
The company’s stock has dropped about 45 percent in the year since Sandberg’s departure was revealed, after falling nearly 3%. Sandberg, a diehard Democrat who frequently acted as Facebook’s agent in dealings with the Democratic party, is said to have long harbored political ambitions, according to insiders.
According to a former executive, politics played a role in recent tensions between Sandberg and Zuckerberg over content moderation concerns, with Sandberg favoring stricter moderation and Zuckerberg urging that the platform should not be the “arbiter of truth.”
“The debate around social media has changed beyond recognition since those early days. To say it hasn’t always been easy is an understatement, But it should be hard. The products we make have a huge impact, so we have the responsibility to build them in a way that protects the privacy and keeps people safe.”
Sheryl Sandberg has taken a step back in her career to concentrate on her foundation and philanthropic work in the future. Let’s see what Mark Zuckerberg has planned for the future. For further updates stay tuned to Thirsty.
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