Facebook's famously mission-driven culture has long been a strength of the company. But maybe not for much longer.
Their departures could spark further exits at the scandal-ridden company, an analyst is warning.
Facebook was shaken last week by the departure of two key executives — and it could be a sign of darker times to come.announced that Chris Cox, the company's chief product officer and one of his top lieutenants who had served at Facebook for more than decade, was quitting. Chris Daniels, the head of messaging at WhatsApp, was also leaving.and hints in Cox's goodbye memo, it's their disagreement with Facebook's plans to shift to a more messaging-focused platform.
In a research note to investors published Monday, Needham analyst Laura Martin argued that Facebook is at risk from"negative network effects." Network effects, simply put, are when multiple things reinforce one another, making the"network" stronger as it grows. But network effects can work the other way too, and in this case, one of Facebook's famous strengths — its incredibly strong mission-driven company culture — could work against it, Martin warns.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook’s Chris Cox Leaves After Privacy Pivot, He's Made Millions In Facebook StockFacebook Chief Product Officer Chris Cox, the product visionary who worked alongside company founder Mark Zuckerberg for more than a decade building some of the company's most important products, including early versions of News Feed, is leaving the company.
Read more »
Facebook says its top product executive, Chris Cox, is leaving, the highest-level departure in yearsCox, the longtime confidante of Chief Executive Mark Zuckerberg, announced his unexpected departure in a Facebook post Thursday.
Read more »
Two Top Facebook Executives Leaving CompanyTwo top Facebook executives are leaving the social-media giant—Chief Product Officer Chris Cox, who oversaw Facebook, Instagram and WhatsApp, and Chris Daniels, who headed the WhatsApp unit
Read more »
2 top Facebook executives depart the company
Read more »
Facebook shares drop as executives quit, Christchurch live-stream shooting stirs outrageShares of Facebook Inc fell as much as 5 percent on Friday to their lowest in ne...
Read more »
Facebook stock falls after the executive in charge of all its products steps downOn top of Chris Cox's departure, Facebook suffered its longest outage ever this week and new threats of potential regulation.
Read more »