The China Mail - Key Facebook force Sheryl Sandberg steps down

USD -
AED 3.67295
AFN 65.496179
ALL 80.632788
AMD 365.909927
AOA 917.999592
ARS 1492.726304
AUD 1.415919
AWG 1.8
AZN 1.700977
BAM 1.695366
BBD 2.013843
BDT 123.135735
BHD 0.377079
BIF 2989.238084
BMD 1
BND 1.279359
BOB 11.793465
BRL 5.177902
BSD 0.9999
BTN 95.268311
BWP 13.46018
BYN 2.986239
BYR 19600
BZD 2.011
CAD 1.394195
CDF 2275.000332
CHF 0.81355
CLF 0.023231
CLP 914.309993
CNY 6.745302
CNH 6.74671
COP 3145.65
CRC 454.22433
CUC 1
CUP 26.5
CVE 95.582977
CZK 21.034402
DJF 177.72024
DKK 6.488303
DOP 58.38119
DZD 132.893007
EGP 50.218499
ERN 15
ETB 161.73855
EUR 0.867797
FJD 2.21295
FKP 0.740048
GBP 0.74115
GEL 2.615025
GGP 0.740048
GHS 11.448459
GIP 0.740048
GMD 73.499414
GNF 8783.769141
GTQ 7.628996
GYD 209.231063
HKD 7.84726
HNL 26.800737
HRK 6.538099
HTG 130.787734
HUF 316.196502
IDR 17864.8
ILS 2.979097
IMP 0.740048
INR 95.42225
IQD 1309.871059
IRR 1374699.999809
ISK 123.210373
JEP 0.740048
JMD 158.295084
JOD 0.709028
JPY 159.516498
KES 129.270347
KGS 87.449716
KHR 4048.976054
KMF 426.999787
KRW 1418.439748
KWD 0.30919
KYD 0.833286
KZT 465.567234
LAK 22560.581828
LBP 89540.874043
LKR 334.236292
LRD 181.483263
LSL 16.156117
LTL 2.95274
LVL 0.60489
LYD 6.3774
MAD 9.287668
MDL 17.333189
MGA 4303.032667
MKD 53.336685
MMK 2099.936813
MNT 3596.665371
MOP 8.081969
MRU 39.96602
MUR 47.070237
MVR 15.45024
MWK 1733.869045
MXN 17.06078
MYR 4.085399
MZN 63.406089
NAD 16.156117
NGN 1362.059925
NIO 36.797691
NOK 9.500175
NPR 152.426482
NZD 1.70743
OMR 0.384511
PAB 0.999909
PEN 3.37932
PGK 4.422658
PHP 61.291991
PKR 277.744308
PLN 3.73695
PYG 5966.513668
QAR 3.645442
RON 4.546099
RSD 101.803016
RUB 82.893879
RWF 1472.835627
SAR 3.750356
SBD 8.065041
SCR 13.883131
SDG 600.502639
SEK 9.585521
SGD 1.28062
SLE 24.509279
SOS 571.416188
SRD 37.669802
STD 20697.981008
STN 21.237588
SVC 8.749095
SZL 16.140427
THB 33.099839
TJS 9.249093
TMT 3.51
TND 2.935988
TRY 47.753397
TTD 6.781351
TWD 32.244699
TZS 2649.998012
UAH 44.67795
UGX 3709.209745
UYU 40.247745
UZS 11956.432228
VES 760.265196
VND 26054.5
VUV 118.442804
WST 2.72999
XAF 568.605049
XAG 0.015284
XAU 0.000227
XCD 2.70255
XCG 1.802074
XDR 0.706905
XOF 568.614907
XPF 103.380273
YER 237.197666
ZAR 16.150498
ZMK 9001.194587
ZMW 18.8184
ZWL 321.999592
  • CMSC

    0.0100

    21.45

    +0.05%

  • BCC

    -1.2800

    84.25

    -1.52%

  • AZN

    -0.2500

    158.5

    -0.16%

  • BTI

    -0.9700

    55.84

    -1.74%

  • GSK

    -0.6000

    50.3

    -1.19%

  • RIO

    0.2300

    101.22

    +0.23%

  • NGG

    0.4100

    80.68

    +0.51%

  • JRI

    -0.0200

    12.71

    -0.16%

  • CMSD

    -0.0400

    21.59

    -0.19%

  • RYCEF

    -0.0200

    20.55

    -0.1%

  • BCE

    -0.2400

    23.13

    -1.04%

  • RELX

    -0.8200

    34.55

    -2.37%

  • RBGPF

    2.2800

    72.16

    +3.16%

  • VOD

    0.1900

    16.09

    +1.18%

  • BP

    -0.2300

    42.93

    -0.54%

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