Sheryl Sandberg steps down from Facebook-parent Meta, leaving behind a mixed legacy

Sheryl Sandberg announced in a Facebook post Wednesday that her 14-year tenure with Meta (formerly known as Facebook) has come to an end. In 2008, Facebook CEO Mark Zuckerberg recruited Sandberg, who had served at Google, to come in and build the advertising business, which targets ads based on the personal data the platform aggressively collects from a user pool that’s now swelled to nearly three billion. Sandberg’s power in the company only increased, and she continued to make strategic decisions collaboratively with Zuckerberg. “Sitting by Mark’s side for these 14 years has been the honor and privilege of a lifetime,” Sandberg wrote in the post. “Mark is a true visionary and a caring leader. He sometimes says that we grew up together, and we have. He was just 23 and I was already 38 when we met.” Sandberg’s post goes on to say that she’s “not entirely sure” what her future will hold, but that it will likely lean toward “focusing more on my foundation and philanthropic work.” She says her transition out has begun and that she’ll be all the way out this fall. “I still believe as strongly as ever in our mission, and I am honored that I will continue to serve on Meta’s board of directors,” she wrote. Sandberg’s legacy Sandberg’s legacy at the social networking giant is certainly subject to debate. Under her watch, Facebook reached nearly three billion users worldwide and became a Wall Street darling worth $525 billion, driven almost entirely by the ad business she built. Throughout the first half of her tenure at Facebook, Sandberg enjoyed plenty of goodwill within and without the tech industry, especially after the publication of her book, Lean In, which established her as a champion for women in the workplace. But with the Cambridge Analytica scandal (in which Facebook allowed the Trump-aligned voter-targeting group access to millions of users’ personal data) and the highjacking of Facebook by Trump-supporting Russian content farms in 2016, Sandberg’s image began to suffer, along with the tech industry’s as a whole. Not only did Sandberg bear some responsibility for those failures, but a 2018 New York Times piece—which featured the notable headline “Delay, Deny and Deflect”—highlighted Sandberg’s use of some unsavory PR tactics to escape responsibility. She came to be understood as a well-connected fixer who specialized in quieting any distraction from the smooth operation of her company’s highly lucrative ad business. Sandberg’s replacement Sandberg will be replaced by Javier Olivan, Meta’s chief growth officer, who also was a founding member of the company’s first growth team in the early 2000s. Facebook’s growth team, through the years, has become a power center within the company. The growth team instigated Facebook’s acquisition of Snaptu, an Israeli startup that, on its own, had created a stripped-down version of Facebook designed to run on basic “feature phones.” That technology, which required neither a cutting-edge smartphone nor a high-speed data network, eventually morphed into Facebook Lite, a minimalist version that is a vital component of the company’s growth strategy. By 2017, Mark Zuckerberg reported that it has 200 million users in such countries as Vietnam, Bangladesh, and Nigeria. Facebook was slow to adopt the smartphone revolution in the late 2000s, but it was the Facebook mobile app that carried the social network past the three billion-user mark. Sandberg’s departure comes not long after Facebook rebranded itself to Meta, ostensibly to align itself with a new crucial access technology—virtual and augmented reality glasses—which will give users access to the metaverse.

https://www.fastcompany.com/90757325/sheryl-sandberg-steps-down-from-facebook-parent-meta-leaving-behind-a-mixed-legacy?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss

Creată 3y | 1 iun. 2022, 22:21:25


Autentifică-te pentru a adăuga comentarii

Alte posturi din acest grup

Plane yoga is going viral on EasyJet and Spirit Airlines

The last place you’d think of doing a downward dog? An airplane.

That might soon change, as plane yoga is apparently now a thing.

6 iul. 2025, 12:20:03 | Fast company - tech
How AI is transforming corporate finance

The role of the CFO is evolving—and fast. In today’s volatile business environment, finance leaders are navigating everything from unpredictable tariffs to tightening regulations and rising geopol

5 iul. 2025, 13:10:03 | Fast company - tech
Want to move data between Apple and Google Maps? Try this  workaround

In June, Google released its newest smartphone operating system, Android 16. The same month, Apple previewed its next smartphone oper

5 iul. 2025, 10:40:07 | Fast company - tech
Tally lets you design great free surveys in 60 seconds

This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. 

4 iul. 2025, 13:50:03 | Fast company - tech
How China is leading the humanoid robots race

I’ve worked at the bleeding edge of robotics innovation in the United States for almost my entire professional life. Never before have I seen another country advance so quickly.

In

4 iul. 2025, 09:20:03 | Fast company - tech
‘There is nothing that Aquaphor will not fix’: The internet is in love with this no-frills skin ointment

Aquaphor has become this summer’s hottest accessory.

The no-frills beauty staple—once relegated to the bottom of your bag, the glove box, or a bedside drawer—is now dangling from

3 iul. 2025, 23:50:07 | Fast company - tech