News

COO Sandberg is Stepping Down from Meta Position

Sheryl Sandberg, chief operating officer of Meta, which owns Facebook, is stepping down from the company

Invited Sheryl Sandberg will resign from her position as chief operating officer of Meta, the company formerly known as Facebook after 14 years. The field of advertising and one of the most powerful companies in the technology industry, with a market value that exceeded $1 trillion in a period of time.

Javier Olivan, the company’s director of growth, will take over the vacancy to become chief operating officer this fall, and Sandberg, who notified Zuckerberg of her decision last weekend, will continue to serve on the Meta board until then.

Meta has been under pressure over the past years due to its massive influence, and its inability to stop the spread of misinformation and harmful content on its platform, in addition to its acquisition of competitors such as Instagram and WhatsApp, and Zuckerberg and several company executives have been forced to testify before the US Senate several times during the course of the year. The past three years, but Sandberg has evaded the spotlight, though Meta is currently facing an antitrust case from the Federal Trading Commission. Read more [Russian Government Blocks Access to Facebook].

Sandberg said in an interview with CNBC that her decision to step down will allow her to focus more on her humanitarian work, and the move was not due to the company being under regulatory pressure or a slowdown in Meta’s advertising business. Read more [The Giant Facebook Announces First-Quarter Results].

Related Articles

Back to top button