Stepdown
Facebook has seen updates, growth, and even a name change to Meta. As the company storms ahead into a new era filled with concepts like the Metaverse and innovations like virtual and augmented reality, there are also changes within the team itself. The most recent of which includes the company’s COO, Sheryl Sandberg, stepping down. Sandberg will continue to serve on the company’s board of directors. In her place, Javier Olivan, the company’s chief growth officer, will take over as COO this fall. The reason for the step down, according to Sandberg herself, is to open up more time to focus on philanthropic work. As one of the most powerful women in Silicon Valley, Sandberg has been a source of guidance for other women, releasing the book “Lean In: Women, Work, and the Will to Lead” which focus on the challenges women face in the workplace and what they can do to advance their careers.
Some have speculated that Meta’s time under consistent public and government scrutiny could also be a factor. Recall that Meta faced heat from the public due to its massive influence of information, and failure to stop the spread of misinformation on numerous occasions. Additionally, Meta faced scrutiny for their attempts to pressure small social media companies into selling to Facebook which eventually led to broader antitrust lawsuits from the Federal Trade Commission.
What do you think about Meta’s COO stepping down, and when will Meta’s stock rebound from its current lows?
