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.
Meta stock went down a few points immediately after 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.
EDIT: Apparently this was not actually prepared months in advance.
> I’m told that Sheryl Sandberg notified Mark Zuckerberg that she would step down over the weekend
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.
COO leaving isn't something that can be ignored. She'll still be leaving tomorrow.