In the latest episode of “How the Facebook Turns” CFO Gideon Yu has been sent packing. to be in preparation of an initial public offering (IPO). There are other rumblings that the Good Ship Zuckerberg has a captain that isn’t afraid to make someone walk the plank if there is enough push back on the captain’s orders.
This apparent friction that exists in Facebook keeps coming up in story after story concerning the company and its latest actions. Some, like reported by the WSJ
In the past year, two of Facebook’s co-founders, Dustin Moskovitz, its one-time head engineer, and Adam d’Angelo, the company’s chief technology officer, have left the company. Matt Cohler, an early employee who was a senior executive, also left last year.
Mr. Yu himself was a high profile replacement of CFO Mike Sheridan in 2007. So what’s it all mean for Facebook? As with anything that being reported about a private company it all needs to be taken with a grain of salt. It is hard to deny, however, the pattern that is developing and accelerating at the social media monster. Whether it’s terms of service concerns or a high profile executive merry go round, Facebook has the opportunity to either end up as one the greatest success stories of all time or endless material for Dilbert cartoons. Which way do you see it going?
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