It's possible this announcement was intentionally timed against the media-consuming Depp/Heard trial verdict announcement in an attempt to bury the news.
Meta stock went down a few points immediately after the announcement.
These moves are prepared months in advance. I'm not sure why you would link an unrelated trial about a movie star to the announcement. Sheryl is a billionaire, she probably wants to take time off.
> I'm not sure why you would link an unrelated trial about a movie star to the announcement.
They told you why, to bury the news, which they all have an incentive to do. If it wasn't the trial verdict (which is dominating the news), they could have waited until something else to displace it. News outlets have finite space and time and the public has a finite attention span, not too hard to take advantage of that.
the COO of facebook stepping down isn't a major event outside of some niche circles , if anything it's announced today because it's the 1st of the month
The Washington Post is covering the trial heavily, as the defamation suit resulted as a response to an opinion-editorial that Heard wrote in The Washington Post (the trial is in Virginia because that is where the servers and printers of the WaPost are located).
if you read some of the leaked documents from FB, I strongly suspect you'd revise this opinion.
When have you ever seen FB act in such a quick, noiseless and effective way?
its a 130k people, and Sandberg is the head of the chattiest part of it. Not only that there is Boz who appears to want to not only subsume the CTO position but also COO (see dinner comments)
TL;DR:
FB is far to big and uncoordinated to manage something like this.
Meta stock went down a few points immediately after the announcement.