Why Did Facebook Oust Chief Financial Officer Gideon Yu?

I just posted a blog entry on Gideon Yu’s departure from Facebook on the BW blog TechBeat.

Here it is.

Very surprising news out today in Silicon Valley. Facebook has let go of its chief financial officer Gideon Yu, reports the Wall Street Journal.

Facebook spokesman Larry Yu confirmed to BusinessWeek that CFO Yu will be leaving the company.

Now the big question is why?

The WSJ’s Jessica Vascellaro speculates in her story that the company needs to get a new CFO because it is thinking of going public more sooner than expected. The search for a replacement, she writes, is “likely to renew speculation that Facebook, which has previously said it hopes to go public within the next few years, is stepping up plans to do so despite the rocky economy.”

Click here to read the rest of the story.

One Response to “Why Did Facebook Oust Chief Financial Officer Gideon Yu?”

  1. trading Says:

    OHH Every now and again I find a web site that is a real source of useful information and content. This is one of those. A rare beast indeed. Keep up the good work. Kind regards

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: