She gets enormous credit for building Facebook’s advertising business from scratch. Sheryl’s exit underscores how challenging Meta’s next stage of growth will be. These executives - whose roles would have once reported to Sandberg - will get more autonomy in the new Meta management structure. Andrew “Boz” Bosworth and even Sir Nicholas Clegg, who is now president of global affairs. That meant less power for Sheryl, but also less centralized power in general at Facebook, with the elevation of other key figures, including people like the growth guru Javier Olivan, the C.T.O. So Sheryl’s actual departure, while sudden, is not a result of her being pushed, but rather having been put on a moving walkway years ago that was slowly headed for the door.ĭonald Trump’s election and the realization that Facebook had effectively been hijacked led Mark to take a firmer grasp of the company. I would position it differently: Mark has been laying the groundwork for how to manage the future of Facebook, now Meta, for the better part of the past five years. Some folks are wondering what this switch means for Mark and managing the future of his company, after Sheryl, who was for ages hailed as the first real adult in the room at Facebook. DealBook asked our colleague Mike Isaac, who has long reported on Meta and is working on a book about the Zuckerberg-Sandberg era of Facebook, for his thoughts on Sandberg’s departure. and founder, has begun an aggressive effort to take it in a new direction, embracing the so-called metaverse. Sandberg is leaving Meta at a time when Mark Zuckerberg, its C.E.O.
“Have we learned and listened and grown and invested where we need to? This team has and will.” “Have we gotten everything right? Absolutely not,” Sandberg, who will remain on Meta’s board, said. In an interview with The Times, Sandberg said she planned to focus on her personal philanthropy and her foundation. The timing of the announcement, about a half-hour before the close of trading, suggests that the company was not overly concerned about her exit’s impact. The decision was her own, two of her employees told The Times. Sandberg, the chief operating officer of what is now Meta, announced yesterday that she would be leaving in the fall. In 2008, Sheryl Sandberg joined Facebook and soon became one of the most famous business leaders who was not a C.E.O.
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