Facebook COO Sheryl Sandberg testifies earlier than the Senate Intelligence Committee listening to on Capitol Hill in Washington
Sandberg, the No. two exec at Facebook proprietor Meta, is stepping down, in accordance to a put up Wednesday, June 1, 2022 on her Facebook page.
Sandberg has served as chief working officer at the social media massive for 14 years. She joined from Google in 2008, four years before Facebook went public.
She said - “When I took this job in 2008, I hoped I would be in this position for 5 years. Fourteen years later, it is time for me to write the subsequent chapter of my life,”
Sandberg is leaving at a time when Facebook, which rebranded last year as Meta, attempts to reinvent itself as a hardware company focused on the virtual reality-powered metaverse.
Unlike the social network, the metaverse-related business does not rely on advertising, which was one of Sandberg's areas of expertise.
Facebook reviewed whether Sandberg's actions violated company rules, but the findings have not been made public. A spokeswoman for the company would only say the investigation has been completed.
Sandberg has led Facebook — now Meta’s — advertising business and was responsible for nurturing it from its infancy into an over $100 billion-a-year powerhouse.