Stepdown 🪜

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?

Share:
More Posts
OPEC’s Decision 🛢

OPEC leaders just hosted an important late-November meeting that may signal a change in strategy.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.