Sheryl Sandberg

Sandberg will stay on the board of Meta, according to the company. Javier Olivan, another executive at the company, will takeover as chief operating officer ...

Sandberg arrived at Facebook after years of working as a manager in advertising at Google. The firm would later assist the 2016 presidential campaign of Donald Trump. Fourteen years later, it is time for me to write the next chapter of my life," Sandberg wrote. Javier Olivan, another executive at the company, will takeover as chief operating officer when Sandberg departs the role this fall. Earlier this year, Kotick announced he was stepping down from Activision Blizzard amid a sexual harassment scandal. Zuckerberg once said she "handles things I don't want to," he told the New Yorker in 2011.

Sandberg joined Facebook in 2008 and was key to turning it into a social media giant that made almost $120bn in 2021.

She said that she made the decision to leave the company last weekend and told Zuckerberg of her plans then. Sandberg is departing as Meta shifts its focus to products that enable the virtual reality-driven metaverse, which require a significant evolution of its business model. Over the years, Sandberg has made fewer public appearances on behalf of the company, primarily speaking about Meta’s efforts for small businesses, and focusing on the Lean In organization. She also plans to work on advocacy for women’s issues — a focus of her Lean In foundation — and other philanthropy. Sandberg joined Facebook in 2008 and was key to turning it into a social media giant that generated almost $120 billion in revenue last year. Formerly at Google, Sandberg joined the then-fledgling Facebook to oversee all its business functions — ads, partnerships, business development and operations — so that Zuckerberg could focus on products.

The chief operating officer saw Facebook through multiple controversies and turned into the profitable juggernaut it is today.

“This is the end of an era – and probably a good reason why Sheryl decided this was time to leave. That shift comes as Meta makes an even broader pivot away from the social media business and into the virtual reality space. Under Sandberg’s watch, Meta platforms became “a right-wing playground where misogyny, racism, disinformation” proliferated, said Shaunna Thomas, co-founder of women’s rights group UltraViolet.

With that the chief operating officer of Meta, the social network's parent company, announced her resignation. The year she joined Facebook made $272m in ...

He is the only founder still calling the shots at one of America’s tech giants. The exit of Mr Zuckerberg’s adult supervisor seems to alarm investors. One of her books, “Lean In”, became synonymous with female empowerment in the boardroom. Ms Sandberg flourished in the role. But over the past few years speculation grew that the relationship was fraying. “When I took this job in 2008, I hoped I would be in this role for five years,” wrote Sheryl Sandberg on her Facebook page on June 1st.

Ms Sandberg became a polarising figure amid revelations of how some of her business decisions helped propagate misinformation and hate speech.

Her public-speaking expertise, her seemingly effortless ability to bridge the worlds of tech, business and politics served as a sharp contrast to Mr Zuckerberg, especially in Facebook’s early years. Neither Ms Sandberg nor Mr Zuckerberg gave any indication that Ms Sandberg’s resignation was not her decision. Fourteen years later, it is time for me to write the next chapter of my life,” Ms Sandberg wrote on her Facebook page on Wednesday.

Sandberg joined the company in 2008 and will leave the company this fall, although she will continue to be on Meta's board.

The products we make have a huge impact, so we have the responsibility to build them in a way that protects privacy and keeps people safe.” The company has earmarked $10bn for the metaverse over the next year and plans to consistently spend more in coming years, Zuckerberg announced last year. The company is boosting efforts to retain young users – a key advertising demographic that has been leaving Zuckerberg has bet big on his hopes for the “metaverse”, an augmented and virtual reality space where people can interact through avatars in a shared world. The billionaire executive led the company’s advertising business and was responsible for nurturing it from its infancy into a Silicon Valley behemoth. Fourteen years later, it is time for me to write the next chapter of my life,” Sandberg wrote on Facebook.

SAN FRANCISCO (AP) — Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, is stepping down, according to a post Wednesday on her Facebook page.

She did not say what she planned to do. “When I took this job in 2008, I hoped I would be in this role for five years. Sandberg has served as chief operating officer at the social media giant for 14 years.

Sandberg will remain on the company's board of directors while transitioning out of the role this fall.

It was reported that the company’s ‘Metaverse’ division had already reported a $3 billion loss in the first quarter of 2022 alone, with more losses expected while the company works out how best to gain usership and make Zuckerberg’s vision a reality. A report from May 2022 produced by non-profit advocacy group Sum of Us states that users have already experienced racist language, inadequate reporting measures and concern for the general toxicity of the platform. Fourteen years later, it is time for me to write the next chapter of my life,” Sandberg wrote in a Facebook post. I’m not sure that would be possible since she’s a superstar who defined the COO role in her own unique way.” After 14 years with Facebook parent company Meta, it has been announced that COO Sheryl Sandberg is leaving the company effective this fall. But I know it will include focusing more on my foundation and philanthropic work, which is more important to me than ever given how critical this moment is for women.”

Sandberg will stay on the board of Meta, according to the company. Javier Olivan, another executive at the company, will takeover as chief operating officer ...

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The executive, who turned Facebook into a profitable business, leaves behind a series of controversies.

The end of her tenure at Facebook and Meta marks the end of one of the most notable trajectories in the tech industry. As cracks started to show in Sandberg’s relationship with Zuckerberg during the Trump administration, the CEO reportedly became more involved in policy decisions. “Sheryl has had quite a run over those 14 years, from some really high highs to some incredible lows,” said one former Facebook executive who spoke on the condition of anonymity. Over the years, however, Facebook grew into an increasingly political platform, and Sandberg started to attract public criticism for her role in managing the company’s policies. Zuckerberg reportedly blamed Sandberg and her team for the fallout, calling the media reaction “hysteria,” according to the Wall Street Journal, and hired Clegg around that time. Still, the immediate reception of Sandberg’s book was largely positive: Her book sold over 4 million copies and was a New York Times bestseller for over a year. Sandberg applied Google’s model of organizing the sales organization into teams that focused on attracting large, medium, and small-sized advertisers (when she joined, Facebook’s only ad partner was Microsoft). One year into her tenure, Facebook became a profitable company for the first time, and she continued to develop Facebook’s ads that targeted users based on their social activity. But she also helped the company grow from a dorm room experiment to one of the biggest, most influential tech companies on the planet. Sandberg’s brand of corporate feminism also attracted some critics who viewed it as placing too much pressure on individual women to improve their personal careers, without giving as much attention to addressing the structural issues causing sexism in the first place. “She deserves the credit for so much of what Meta is today.” It was her long list of duties at the company that allowed Zuckerberg to focus on what he liked best: building products. Her influence at the company was reportedly waning and, at times, she was left publicly apologizing for problems that, ultimately, only her boss, Mark Zuckerberg, had the final authority to fix.

The outgoing Meta chief operating officer has been one of its biggest cheerleaders for more than a decade, standing with it through multiple scandals.

From 2013 through 2019, LeanIn and OptionB received $32 million from Sandberg via The Sheryl Sandberg and Dave Goldberg Family Foundation, per a Forbes analysis of public filings. She also owns nearly 8.9 million shares of Momentive Global, parent company of SurveyMonkey, where her late husband, Dave Goldberg (d. 2015), was the CEO. Sandberg gave away 4.9 million shares, including 2.8 million directed to her donor-advised funds and 2.1 million that were irrevocable transfers to trusts for beneficiaries, the spokesperson said. In total, Sandberg has sold more than $1.8 billion worth of Meta stock to date, according to FactSet based on public filings. But the Meta executive, who announced Wednesday she will be stepping down from her long-time position this fall, has also been aggressively unloading her stake in the company since it went public in 2012. Sheryl Sandberg has been one of Facebook’s biggest cheerleaders for more than a decade.

As second-in-command to Facebook cofounder Mark Zuckerberg, she oversaw the massive growth of its core advertising business while positioning herself as an icon ...

But it remains to be seen whether Sandberg will find her way to the CEO role at another large tech or media company as she once seemed destined to do. In her announcement this week, Sandberg said she is "not entirely sure what the future will bring." "With more of Sheryl's insights and energy, we'll be able to do more, more quickly, and that's exciting." At the same time, Sandberg arguably remained constrained in speaking out publicly on certain issues due to her leadership role at the company. To help manage the public policy part of Facebook's business, the company hired Nick Clegg as head of global affairs in 2018. "I and the dedicated people of Meta have felt our responsibilities deeply," she added. (Sandberg spoke candidly in public about helping people talk about grief, even at work.) She also is seen as a major force behind Facebook's decision to create a Civil Rights team. Sandberg presided over the company as it grew from roughly $150 million in annual revenue to $117.9 billion last year. Her book, "Lean In," was released five years later, and it launched a movement of the same name to inspire a generation of women to speak up in the workplace and beyond. "Sandberg had the power to take action for fourteen years, yet consistently chose not to." Now, Sandberg is set to step down as COO this fall after a dizzying 14-year-run, with plans to focus on philanthropic efforts while remaining on the company's board. During that time, Sandberg and Zuckerberg were each called to testify before Congress and issued a number of public apologies.

The social media titan has transformed in recent years into a slick political operation focused on crisis management — a far cry from the nominally apolitical, ...

In that CNBC op-ed, Clegg said he made progress in the U.K. because he brought together center-left and center-right politicians. Zuckerberg brought in Joel Kaplan, Facebook’s vice president of global public policy, in 2011 — sparking years of criticism that he has outsized control over the company’s content moderation decisions and is sympathetic to conservative figures. That leaves Clegg as the crisis manager for Facebook’s knottiest issues about misinformation and hate speech. She oversaw the auditing process, which was led by civil rights attorney Laura Murphy, and committed to making the platform safer for people of color in its aftermath. In recent years, Facebook has assumed more responsibility over the content circulating on its platform. The former U.K. politician has insisted that Facebook is open to regulation while declining to apologize for the company’s conduct. Sandberg sat down with civil rights group Color of Change after the Definers incident and pledged that Facebook would conduct a civil rights audit. Sandberg has been sidelined from the company’s lobbying and public relations work since soon after the 2016 presidential election when Congress zeroed in on Facebook’s role in providing a platform to Russian misinformation. He dined with then-President Donald Trump at the White House and hosted dinner with high-profile conservative figures such as Fox News host Tucker Carlson — drawing criticism that he was aligning himself with the right. “I’m an outsider to both Silicon Valley and Washington,” Clegg wrote in CNBC op-ed last year, saying that makes him the person who can broker compromises between Republicans and Democrats over tech regulation. “Things really started to turn” for Facebook in 2016, she added. He has served as a de facto messenger-in-chief, defending the company’s political reputation in interviews, blog posts and conversations with policymakers.

Meta, Facebook's parent company, was reviewing Sheryl Sandberg personal activities as recently as May, The Wall Street Journal reported.

Sandberg announced in 2020 she was engaged to Tom Bernthal, the founder and CEO of a consulting firm based in Los Angeles. "But I know it will include focusing more on my foundation and philanthropic work, which is more important to me than ever given how critical this moment is for women." Sandberg announced Wednesday she would be stepping down as head of operations at Meta, Facebook's parent company, after 14 years.