Sheryl Sandberg Steps Down From Facebook’s Parent Company, Meta – The New York Times

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Mr. Zuckerberg named Javier Olivan, a longtime product executive, as Meta’s next chief operating officer. Mr. Olivan has overseen much of Facebook’s growth over the past decade, and has managed WhatsApp, Instagram, Messenger and Facebook.

Ms. Sandberg is ending her tenure at Meta far from the reputational pinnacle she had reached last decade. As a key lieutenant to Mr. Zuckerberg, Ms. Sandberg helped build up Facebook’s business in the company’s early years and was regarded as the adult in the room. Facebook’s advertising business flourished under her, and Ms. Sandberg used her corporate fame to speak up on other issues, such as what women could achieve in the workplace.

But after the 2016 presidential election, Facebook came under intense scrutiny for how it was misused to stoke division and to spread misinformation. Ms. Sandberg was responsible for the policy and security team at the company during that election. The social network also was dogged by privacy questions after a scandal involving Cambridge Analytica, a voter-profiling firm that improperly used Facebook data.

Ms. Sandberg, who was one of Facebook’s most visible executives, was unable to recover from those stumbles. In recent years, Mr. Zuckerberg took a higher public profile and a greater role in overseeing different parts of the company, many of which had been under Ms. Sandberg’s sole purview.

Her departure also comes as Facebook is moving in a new direction. Last year, Mr. Zuckerberg renamed the company Meta and announced it would become a key provider of the metaverse, an immersive online world. But as the company has been spending heavily on metaverse products, its advertising business has stumbled, partly because of privacy changes made by Apple that have hurt targeted advertising.

Source Article from https://www.nytimes.com/2022/06/01/technology/sheryl-sandberg-facebook.html

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