Business | Leaning out

Sheryl Sandberg, Meta’s second-in-command, leaves the embattled firm

Could the move foreshadow an even greater shift towards virtual reality?

Facebook COO Sheryl Sandberg testifies before the Senate Intelligence Committee on Capitol Hill in Washington, DC, on September 5, 2018. (Photo by Jim WATSON / AFP) (Photo credit should read JIM WATSON/AFP via Getty Images)
|San Francisco

“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. 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 revenue. Last year turnover reached $118bn. Aside from Mark Zuckerberg, Meta’s boss, no one has done more to build the tech behemoth, which boasts more than 2bn users around the world.

This article appeared in the Business section of the print edition under the headline “Leaning out”

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