She is stepping down from her position as COO of Meta. The company's CEO has been with the company since 2008 and oversaw its operations through a number of significant events.
It has been profitable for investors who have held Facebook shares for a long time. The market value of your shares at Wednesday's close would be $4,964.21, if you invested $1,000 in Facebook when it went public.
If you invested $1,000 in the S&P 500 index, it would have grown to $3,166 by the end of the period.
She helped turn Facebook into an advertising powerhouse and one of the biggest names in tech. Facebook's valuation has been slashed nearly in half due to slowing revenue growth and its first ever user loss.
She was part of the team that helped Facebook solidify its foothold as the world's dominant social network and turned it into a more than $25 billion per quarter revenue generator.
Her tenure at the social networking site was controversial. She was at the company for the Cambridge Analytica data leak scandal and the aftermath of attempts by foreign actors to influence the 2016 presidential election.
According to CNBC, the company faces an antitrust lawsuit from the Federal Trade Commission as well as potential scrutiny from the Securities and Exchange Commission over a whistle blower complaint.
He did not know if it would be possible to replace him with another person in the company's corporate structure.
He wrote that she defined the COO role in her own way.
She will remain on the board of directors.
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