News

Facebook hires top Google executive

Facebook Inc. has scored a coup by hiring a top Google executive to be its new chief operating officer, Forbes.com reported Tuesday.

Sheryl Sandberg had been Google's vice president of global online sales and operations for the past six years and helped build the Internet search leader into one of the top online companies.

Palo Alto-based Facebook has tripled its audience in the last 11 months to 66 million users, making it the second-largest networking Web site behind MySpace.com.

Facebook founder and chief executive Mark Zuckerberg credited Sandberg as "a great manager who will help scale Facebook's operations globally."

"I am certainly not leaving Google because there is anything wrong there," Sandberg told the Associated Press. "I think Google's best days are still ahead."

Sandberg, 38, brings some seasoned leadership to the young Palo Alto company.

Facebook has 500 employees and $100 million in annual revenue, compared to Google's 17,000 employees and $16 billion in annual revenue.

Zuckerberg reportedly hopes to take Facebook public in 2009 or 2010. He rejected a $1 billion offer from Yahoo! in 2006.

-- Don Kazak

Comments

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Posted by Palo Altan
a resident of Another Palo Alto neighborhood
on Mar 4, 2008 at 5:09 pm

So, who says Facebook is a fad?


 +   Like this comment
Posted by typo?
a resident of Another Palo Alto neighborhood
on Mar 4, 2008 at 5:19 pm

"Facebook has 500 employees and $100 million in annual revenue, compared to Google's 17,000 employees and $16 million in annual revenue."

Facebook does not have more revenue than Google.




 +   Like this comment
Posted by off by 1000
a resident of Another Palo Alto neighborhood
on Mar 4, 2008 at 6:07 pm

Facebook is reported to have $100 million in annual revenue by several reputable sources (search for Facebook annual revenue).

Google's 2007 annual revenue was $16.6 Billion according to their income statement posted on Yahoo Web Link. It looks like PAWeekly didn't notice that these reports are in the thousands.


 +   Like this comment
Posted by Joanna
a resident of Adobe-Meadows
on Mar 5, 2008 at 12:30 pm

Palo Altan,

I do. Lots of people know it is a fad. In one or two years it is going to be, "face-what??"

It is myspace and nothing more. It appeals to the demographic that will drop you like a hot potato for the next "new thing."

Smoke and mirrors. Wait for the boat to sink.


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