Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • Dick Young’s Safe America
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup

Facebook’s Talent Exodus is a Harbinger of Change, or Trouble

March 18, 2019 By Jeremy Jones, CFA

By Rawpixel.com @ Shutterstock.com

Executives are fleeing Facebook as the company comes under increased fire for privacy and anti-trust issues. Last week Facebook’s chief product officer, Chris Cox, and vice president for WhatsApp, Chris Daniels, both departed the company. Facebook has announced changes in the direction of its product, perhaps making departures of personnel who no longer fit the mission inevitable. It could also be that these executives are tired of dealing with Facebook’s many troubles and have decided to leave while they can. Bloomberg’s Sarah Frier reports:

Cox was well-liked internally, known for his easygoing style and for preaching about building products that involved more empathy for users. He oversaw Facebook’s transformation into a personalized information platform, making editorial tweaks to the company’s news feed algorithm.

The next era of Facebook product development will be dramatically different. The company wants users to be able to send information to each other across all the major apps it owns, including Messenger, Instagram and WhatsApp. The focus on encryption — scrambling messages so even Facebook can’t see them — may help ward off privacy critics while generating new revenue from areas where the company doesn’t have to police content.

Javier Olivan, an executive who worked with Cox, will lead the integration of Facebook’s apps, Zuckerberg said. Until now, Olivan has been responsible for growth across the company’s apps.

Chris Daniels, who took charge of the WhatsApp messaging service after the founders’ departure last year, is also leaving the company. Will Cathcart, who was in charge of the Facebook app, will now run WhatsApp, while Fidji Simo, Facebook’s video executive, will take over Facebook overall.

Read more here.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • Facebook Feeding Frenzy
  • Has Facebook Peaked?
  • Will Houseparty Dethrone Facebook?
  • Author
  • Recent Posts
Jeremy Jones, CFA
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #5 in CNBC's 2021 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
  • “WE WENT IN TOO SOON”: Pension Fund Writes Off Major Crypto Investment - August 17, 2022
  • Where’s All the Natural Gas Going to Come From? - August 16, 2022
  • The Victims of a Decade of Easy Money - August 15, 2022

Search Young Research

Most Popular

  • Your Survival Guy’s Favorite Number is 72: Here’s Why
  • If the Phone Doesn’t Ring…It’s Me
  • Where's All the Natural Gas Going to Come From?
  • What Happens if the Chinese Blockade Taiwan?
  • Big Corporations Making Big Investments
  • The Power of a Compound Interest Table
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • Is It Time to Talk About the Defects of Index Funds Now?
  • The Victims of a Decade of Easy Money
  • DESANTIS RESISTS: Suspends Soros-Funded Destruction of America

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • How Much to Make an Electricity System that Works?
  • Three Mind-Boggling Events That Took Place this Past Week
  • Here’s Another Reason to Visit Your Survival Guy in Newport
  • Pelosi’s Failed Taiwan Trip Ushers in “New Normal” in East Asia
  • China’s Global Military Expansion
  • Is Russia Violating the Geneva Convention with Zaporizhzhia Nuclear Plan Occupation?
  • DEBT CRISIS: Is Argentina Head for Another Default?
  • Is India Sinking Out of Freedom?
  • The Claremont Institute: Protecting the American Way of Life
  • Thanks to America’s Worst President

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Copyright © 2022 | Terms & Conditions

 

Loading Comments...
 

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.