Facebook’s Chris Cox Leaves After Privacy Pivot, He's Made Millions In Facebook Stock

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Facebook’s Chris Cox leaves after the privacy pivot—but he's made millions in Facebook stock

Facebook 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.major privacy initiative he outlined in a manifesto last week.

“As we embark on this next major chapter, Chris has decided now is the time to step back from leading these teams,” Zuckerberg wrote in a Facebook post. “I will really miss Chris, but mostly I am deeply grateful for everything he has done to build this place and serve our community.” Cox said he’s been with Facebook since age 23, helping shape its products and culture as one of the company’s first 15 software engineers. The executive, whom,” is a close friend and confidant of Zuckerberg’s who has risen up the ranks, running Facebook’s human resources and recruiting programs before being named vice president of product in 2008 and, finally, chief product officer in 2014.

For Facebook’s 36,000 employees, he set the cultural tone, guiding orientations for new employees. Despite this long tenure, a post on his Facebook page suggested he wasn’t the right person to lead the social network’s next chapter, which follows years of scandals about how its products handled its 2.3 billion users’ private information.

Source: News Formal (newsformal.com)

 

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His loss. 🙅

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