The China Mail - Key Facebook force Sheryl Sandberg steps down

USD -
AED 3.672504
AFN 66.344071
ALL 83.58702
AMD 382.869053
ANG 1.789982
AOA 917.000367
ARS 1417.025504
AUD 1.541925
AWG 1.805
AZN 1.70397
BAM 1.691481
BBD 2.013336
BDT 122.007014
BGN 1.688704
BHD 0.37702
BIF 2943.839757
BMD 1
BND 1.3018
BOB 6.91701
BRL 5.339104
BSD 0.999615
BTN 88.59887
BWP 13.420625
BYN 3.406804
BYR 19600
BZD 2.010326
CAD 1.405304
CDF 2150.000362
CHF 0.803804
CLF 0.024059
CLP 943.820396
CNY 7.11935
CNH 7.12516
COP 3783.01
CRC 501.883251
CUC 1
CUP 26.5
CVE 95.363087
CZK 20.98704
DJF 177.720393
DKK 6.44754
DOP 64.223754
DZD 130.42404
EGP 47.35604
ERN 15
ETB 154.306137
EUR 0.86341
FJD 2.28475
FKP 0.763092
GBP 0.75908
GEL 2.70504
GGP 0.763092
GHS 10.930743
GIP 0.763092
GMD 73.000355
GNF 8677.076622
GTQ 7.659909
GYD 209.133877
HKD 7.777204
HNL 26.282902
HRK 6.505904
HTG 133.048509
HUF 331.923504
IDR 16697
ILS 3.26205
IMP 0.763092
INR 88.68535
IQD 1309.474904
IRR 42100.000352
ISK 126.403814
JEP 0.763092
JMD 160.439
JOD 0.70904
JPY 153.06904
KES 129.203801
KGS 87.450384
KHR 4023.264362
KMF 421.00035
KPW 899.97951
KRW 1458.910383
KWD 0.30681
KYD 0.83302
KZT 524.767675
LAK 21703.220673
LBP 89512.834262
LKR 304.684561
LRD 182.526573
LSL 17.315523
LTL 2.95274
LVL 0.60489
LYD 5.458091
MAD 9.265955
MDL 17.042585
MGA 4492.856402
MKD 53.206947
MMK 2099.259581
MNT 3583.067197
MOP 8.007472
MRU 39.595594
MUR 45.910378
MVR 15.405039
MWK 1733.369658
MXN 18.475075
MYR 4.176039
MZN 63.950377
NAD 17.315148
NGN 1436.660377
NIO 36.782862
NOK 10.14901
NPR 141.758018
NZD 1.77798
OMR 0.384498
PAB 0.999671
PEN 3.37342
PGK 4.220486
PHP 59.020375
PKR 282.656184
PLN 3.661775
PYG 7072.77311
QAR 3.643196
RON 4.392904
RSD 101.210373
RUB 80.950017
RWF 1452.42265
SAR 3.750507
SBD 8.230592
SCR 13.652393
SDG 600.503676
SEK 9.520604
SGD 1.30096
SHP 0.750259
SLE 23.203667
SLL 20969.499529
SOS 571.228422
SRD 38.599038
STD 20697.981008
STN 21.189281
SVC 8.746265
SYP 11055.784093
SZL 17.321588
THB 32.403646
TJS 9.226139
TMT 3.51
TND 2.954772
TOP 2.342104
TRY 42.210404
TTD 6.77604
TWD 30.983504
TZS 2455.000335
UAH 41.915651
UGX 3498.408635
UYU 39.809213
UZS 12055.19496
VES 228.194038
VND 26310
VUV 122.098254
WST 2.816104
XAF 567.301896
XAG 0.020707
XAU 0.00025
XCD 2.70255
XCG 1.801521
XDR 0.707015
XOF 567.306803
XPF 103.14423
YER 238.503589
ZAR 17.29989
ZMK 9001.203584
ZMW 22.615629
ZWL 321.999592
  • RBGPF

    0.0000

    76

    0%

  • BCC

    -0.0200

    70.71

    -0.03%

  • CMSC

    0.0000

    23.78

    0%

  • GSK

    -0.4650

    46.635

    -1%

  • BCE

    0.0200

    23.19

    +0.09%

  • NGG

    1.4600

    77.75

    +1.88%

  • RIO

    0.0650

    69.335

    +0.09%

  • SCS

    -0.0100

    15.75

    -0.06%

  • CMSD

    0.0950

    24.105

    +0.39%

  • JRI

    -0.0800

    13.67

    -0.59%

  • BTI

    0.3850

    54.595

    +0.71%

  • RELX

    -1.1300

    42.26

    -2.67%

  • VOD

    0.2400

    11.58

    +2.07%

  • RYCEF

    -0.1800

    14.82

    -1.21%

  • BP

    0.7700

    36.59

    +2.1%

  • AZN

    0.8100

    84.58

    +0.96%

Key Facebook force Sheryl Sandberg steps down
Key Facebook force Sheryl Sandberg steps down / Photo: © AFP/File

Key Facebook force Sheryl Sandberg steps down

Meta's second most powerful executive Sheryl Sandberg made the shock announcement Wednesday she will leave after a 14-year tenure that included helping steer scandal-prone Facebook to advertising dominance.

Text size:

Sandberg, 52, has been one of the most influential women in Silicon Valley and her departure comes as the social media juggernaut faces an uncertain future and fierce competition.

Her exit from Facebook parent Meta will be effective in the fall, she wrote on the platform, adding she planned to remain on the firm's board.

A Harvard-educated executive, Sandberg joined Facebook in 2008 when it was still just a startup, playing a formative role in its development into a multi-billion dollar advertising empire.

"Fourteen years later, it is time for me to write the next chapter of my life," Sandberg said. "I am not entirely sure what the future will bring -- I have learned no one ever is."

Her job made her not just a recognizable face in tech but also a household name, particularly thanks to her 2013 book "Lean In: Women, Work, and the Will to Lead."

The best seller encouraged women to "lean in" to their careers in order to reach their full potential and overcome workforce obstacles.

It has drawn applause from admirers for articulating a new modern feminist vision and sharp criticism from detractors who say her lofty position has made her out-of-touch with the grueling personal cost of combining career and family.

The social network has recently rebranded itself in a pivot toward a belief the internet is headed towards becoming an immersive virtual world, referred to as the metaverse.

The Silicon Valley colossus has seen its image tainted by accusations it has put profit over user privacy and even the good of society.

"Sandberg leaves Meta, and the social media environment that Facebook helped create, in a far worse place than she found it," said Media Matters for America president Angelo Carusone.

"Hers is a legacy of enabling trolling, harassment, and abuse."

Meanwhile, the likes of TikTok, LinkedIn, Pinterest, Twitter and even Apple now vie with Meta for people's online attention as the Facebook platform is increasingly seen as a place for older people.

CEO Mark Zuckerberg said that the role Sandberg held at the company will be re-shaped, with Javier Olivan becoming Meta's chief operating officer.

The next COO will be more traditional, different from the close second-in-command status Sandberg holds, Zuckerberg said.

"She has taught me so much and she has been there for many of the important moments in my life, both personally and professionally," Zuckerberg said in a Facebook post.

"I'm going to miss running this company with Sheryl."

Meta shares fell more than two percent on word that Sandberg was leaving, another blow to a stock value that has plummeted on worries that the company's regular growth was coming to an end.

- Guiding hand -

Facebook was about four years old when Sandberg came on board as a mature, guiding hand at a tech firm with a motto "move fast and break things."

"I was only 23 years old and I barely knew anything about running a company," Zuckerberg said.

"Sheryl architected our ads business, hired great people, forged our management culture, and taught me how to run a company."

Zuckerberg's farewell to Sandberg gave Creative Strategies analyst Carolina Milanesi a sense that he believes he has outgrown her.

"It feels like that relationship is no longer needed or working," Milanesi told AFP.

Sandberg, long seen as the "adult" at the youthfully managed firm, has found herself the center of controversy over her role in pushing back at criticism of the social media giant.

Sandberg drew fire in particular over an embarrassing effort to probe George Soros, the billionaire investor, after he assailed the online network as a "menace to society."

Facebook has acknowledged that Sandberg asked her staff to conduct research on the Hungarian-born billionaire following his remarks, out of concern that he held a "short" position that would profit from a decline in shares.

Among the tech whiz kids, Sandberg offered a steadier hand as a result of her background working for former US Treasury secretary Larry Summers and the philanthropic arm of Google.

Sandberg in 2015 was devastated by the sudden death of her husband, US tech executive David Goldberg, at an upscale resort in Mexico.

Two years ago she announced her engagement to marketing executive Tom Bernthal.

X.So--ThChM