After 12 years, Sheryl Sandberg is about to step down from her position on the Meta\u2019s board of directors. Her term ends in May and she won\u2019t run for a seat again (via Reuters).<\/p>\n
\u201cMeta business is strong and well-positioned for the future, so this feels like the right time to step away,\u201d Sandberg said in a Facebook post, adding that she will serve as an adviser to the company. Mark Zuckerberg responded to her promise and said he\u2019s looking forward to \u201ca new chapter together\u201d.<\/span><\/p>\n In addition to the 12 years on Meta\u2019s board, Sandberg was the company\u2019s chief operating officer for a total of 14 years. She stepped down from that position in 2022. The once second-in-command to founder Zuckerberg, Sandberg was one of the most visible executives at the company and the lead architect of its often-criticized ads-based business model, the report reads.<\/p>\n Before her Meta roles, Sandberg worked at Google and earlier, served as chief of staff for the United States Treasury Department under Bill Clinton. She\u2019s been a vocal defender of Facebook throughout many controversies and PR crises.<\/p>\n One such was in 2018 when The New York Times reported that Sandberg asked Facebook staff to look into George Soros\u2019s financial interests that were interlinked with the social network. It all began when Soros delivered a speech at the World Economic Forum and described Facebook and Google as a \u201cmenace\u201d, adding that they\u2019ve caused \u201ca variety of problems of which we are only now beginning to become aware\u201d.<\/p>\n It\u2019s perfectly normal to have an opinion on any matter, but when you\u2019re a billionaire and your words could potentially drive markets, things are a bit more complicated. So, Sandberg wanted to know if Soros had anything to gain financially from publicly criticizing the tech giants. The problem was a potential short selling of Facebook\u2019s stocks \u2013 long story short (pun intended), that\u2019s when you bet against a company and make money when its stock price fails. And you see the conflict of interest if you can stir up the markets with just a single speech.<\/p>","protected":false},"excerpt":{"rendered":" After 12 years, Sheryl Sandberg is about to step down from her position on the Meta\u2019s board of directors. Her term ends in May and she won\u2019t run for a seat again (via Reuters). “Meta business is strong and well-positioned for the future, so this feels like the right time to step away,” Sandberg said […]<\/p>\n","protected":false},"author":9,"featured_media":224685916,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":255,"footnotes":""},"categories":[255],"tags":[],"class_list":["post-224685915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apple-tips-news"],"_links":{"self":[{"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/posts\/224685915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/comments?post=224685915"}],"version-history":[{"count":0,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/posts\/224685915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/media\/224685916"}],"wp:attachment":[{"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/media?parent=224685915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/categories?post=224685915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phonescanada.com\/ar\/wp-json\/wp\/v2\/tags?post=224685915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}