Sheryl Sandberg, chief operating officer of Meta Platforms, announced in a Facebook post that, after 14 years, she will step down as a second-tier executive, but will retain a board seat. Sandberg will step down from her role in the fall after spending the next few months working with founder and CEO Mark Zuckerberg to transition from reporting directly to her. In a separate Facebook post, Mark Zuckerberg called the change the “end of an era” and said he does not plan to replace Sandberg’s role in the company’s structure. This will further cement the power of the company under his control, which he has shared with Sandberg since she joined the company in 2008 to help its then-23-year-old CEO navigate the path to a bid. initial public. More recently, Zuckerberg changed the company name from Facebook to Meta and is investing heavily to take his social technology beyond 2D to virtual reality and augmented reality. Developing…
