Posted on

Facebook COO Sheryl Sandberg Stepping Down

Sheryl Sandberg Facebook COO e1542316150175 4141728381

the staff if the Ridgewood blog

Ridgewood NJ, Sheryl Sandberg is stepping down from her role as Chief Operating Officer at Meta. Sandberg joined Facebook in 2008 and helped turn the company into an advertising juggernaut. Javier Olivan will take over as COO this fall. Sandberg will now be able to focus more on her philanthropic work. She will continue to serve on Meta’s board of directors.

Continue reading Facebook COO Sheryl Sandberg Stepping Down

Posted on

FTC Files Antitrust Suit Against Facebook

external content.duckduckgo 8

the staff of the Ridgewood blog

Washington DC, The Federal Trade Commission today sued Facebook, alleging that the company is illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct. Following a lengthy investigation in cooperation with a coalition of attorneys general of 46 states, the District of Columbia, and Guam, the complaint alleges that Facebook has engaged in a systematic strategy—including its 2012 acquisition of up-and-coming rival Instagram, its 2014 acquisition of the mobile messaging app WhatsApp, and the imposition of anticompetitive conditions on software developers—to eliminate threats to its monopoly. This course of conduct harms competition, leaves consumers with few choices for personal social networking, and deprives advertisers of the benefits of competition.

Continue reading FTC Files Antitrust Suit Against Facebook