Sheryl Sandberg Steps Down From Facebook’s Parent Company, Meta

ByPhyllis R. Edwards

Jun 2, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,


Ms. Sandberg flirted with leaving Fb. In 2016, she explained to colleagues that if Hillary Clinton, the Democratic presidential nominee, won the White House she would most likely assume a position in Washington, 3 men and women who spoke to her about the move at the time explained. In 2018, right after revelations about Cambridge Analytica and Russia’s interference in the 2016 U.S. presidential election, she once more explained to colleagues that she was looking at leaving but did not want to do so when the company was in crisis.

Final 12 months, Mr. Zuckerberg explained his enterprise was producing a new guess and was heading all in on the metaverse, which he termed “the successor to the cellular internet.” In his announcement, Ms. Sandberg manufactured only a cameo, while other executives were being a lot more prominently featured.

As Mr. Zuckerberg overhauled the firm to concentration on the metaverse, some of Ms. Sandberg’s tasks ended up unfold among other executives. Nick Clegg, the president of worldwide affairs and a previous British deputy key minister, became the company’s main spokesman, a purpose that Ms. Sandberg experienced when taken. In February, Mr. Clegg was promoted to president of international affairs for Meta.

Ms. Sandberg’s profile dimmed. She concentrated on building the adverts enterprise and increasing the amount of little organizations on Fb.

She was also concentrated on personal issues. Dave Goldberg, her husband, experienced died unexpectedly in 2015. (Ms. Sandberg’s 2nd guide, “Option B,” was about dealing with grief.) She later achieved Mr. Bernthal, and he and his a few youngsters moved to her Silicon Valley household from Southern California throughout the pandemic. Ms. Sandberg, who had two young children with Mr. Goldberg, was centered on integrating the family members and arranging for her summer season marriage ceremony, a particular person shut to her reported.

Meta’s transition to the metaverse has not been straightforward. The firm has expended heavily on metaverse items though its promotion organization has stumbled, partly mainly because privateness changes built by Apple have harm targeted promoting. In February, Meta’s sector price plunged extra than $230 billion, its major one-day wipeout, just after it claimed money outcomes that showed it was struggling to make the leap to the metaverse.

In the interview, Ms. Sandberg mentioned Meta faced around-phrase difficulties but would temperature the storm, as it had through previous problems. “When we went general public, we experienced no cellular ads,” Ms. Sandberg mentioned, citing the company’s rapid transition from desktop desktops to smartphones previous ten years. “We have accomplished this ahead of.”


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