To be honest, I was pretty skeptical of Zuckerberg’s piece the other day saying Facebook was making a shift to private messaging. It didn’t seem like he meant it. But today’s news indicates that it’s a real pivot. Internal strife over a decision is a good sign that it’s a meaningful change.
In the recent past we've seen two companies with a toxic culture reviving themselves through change in CEO leadership - Microsoft (Satya Nadella) and Uber (Dara Khosrowshahi).
Facebook (as a product and company) clearly has the "potential" to be a force for good - so the question is, "Is it time for Mark Zuckerberg to step down and someone new with better experience and the ability to make hard decisions driven by their moral compass to take over?"
Big loss for FB but will be very interesting to see what Chris Cox does next. A departure like this certainly indicates that significant changes in product direction will be coming. #fb
Wired is now reporting he left in disagreement with Zuckerberg. https://www.wired.com/story/chris-cox-leaving-facebook/ If so, was it the last straw, or encryption and private groups was a bigger problem than everything else?
Definitely top 5, maybe top 3 person at FB (sorry Adam Mosseri!).
Is it the privacy pivot? I hope he decides to go into making new products and doesn't just become another VC (sorry Quartz Pros!)
I do not buy the explanation that Chris Cox left because he disagreed with Mark Zuckerberg over strategy. There has been no meaningful change in strategy other than merging the three platforms, which has been in the cards for ages.
I have no idea why Cox left, but my money would be on “no longer wants to be associated with a train wreck.”
This is a bit concerning especially for Facebook. There are many of the younger generation that don't even use Facebook anymore.
Perhaps the Facebook era is at an end and something new will take it's place.
Yes as Zach said, this now seems to be a sign of the real big shift in the company’s direction.. Still carefully watching to decide whether to stay or leave on Facebook 👀👀
One of my 12 Internet predictions for 2019 was a management shakeup at Facebook, so not surprised. Facebook will likely report over $65B in revenues this year, so the platform is more than just one person not named Zuckerberg. So the media and others are overreacting to this news. Cox is leaving a business in good fundamental shape and the business should continue to do just fine.
I have a hard time reading too deeply into these two departures. Chris Cox leaving is understandable after so long, and Chris Daniels sounds like he changed to another part of the company and it wasn’t what he wanted. It’s exciting to wonder what kind of drama is happening behind closed doors but sometimes it’s just boring people stuff like wanting something new.
Just stay out out the news FB. Just when the stock was lifting its head and having a great start to the year - its been a week filled with negative development after negative development. From criminal investigations to key executives leaving, it’s been one hell of a week. So do we now see a pause in stock’s run? Probably, which stinks. It’s still cheap with great growth and a “moat” of over 1B people in its network. The bigger issue that is looming - though is the following question: is the Zuck
Just stay out out the news FB. Just when the stock was lifting its head and having a great start to the year - its been a week filled with negative development after negative development. From criminal investigations to key executives leaving, it’s been one hell of a week. So do we now see a pause in stock’s run? Probably, which stinks. It’s still cheap with great growth and a “moat” of over 1B people in its network. The bigger issue that is looming - though is the following question: is the Zuck the right person to lead FB on a go forward basis? Now that uncertainty will put the stock in a bad spot:
Rats abandoning the ship?
Wow. Biggest red flag yet.
Wow big changes are ahead
Not as much is being said about Daniels' departure, and since he has been at Facebook almost a decade and also led the emerging markets effort (only been at whatsapp for about a year) ... is leaving at the same time should not really be looked at as a "also leaving now". At the moment the investors seem to be giving the benefit of the doubt..
I’m not even going to read the article. Facebook is what it is folks. C’mon!
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