Facebook CFO Gideon Yu leaving company

March 31, 2009

(AP) -- Facebook says its finance chief, Gideon Yu, is leaving the fast-growing social networking site.

Palo Alto, Calif.-based Facebook confirmed Tuesday it is looking for a new chief financial officer with "public company experience." It's the latest sign that the site may be looking to go public in the not-so-distant future.

Yu became Facebook's CFO in July 2007 after stints with Yahoo Inc., Google's YouTube and a venture capital firm.

Facebook says Yu has played an important role in establishing the company's core financial operations. Despite the recession, Facebook also says it is pleased with its financial performance and that it's in a good position for its next stage of growth.

Rate this story - not rated yet

rank
1
2
3
4
5

view popular

Other News

Magic box for mission impossible

Technology / Telecom

36 minutes ago | not rated yet | 0

On September 11, firefighters, police officers and ambulance workers faced a terrifying rescue effort in the World Trade Center complex. They battled to save people from the collapsing Twin Towers, searched for survivors, ...

Design chosen for British 1,000 mph car (w/ Video)

Technology / Engineering

2 hours ago | 5 / 5 (1) | 1

(PhysOrg.com) -- A British team hoping to be the first to get a car to 1,000 mph (1,610 km/h) has made its final design selection. The six-tonne car, known as the Bloodhound, will be powered by a Eurofighter ...

Selling chip makers on optical computing

Technology / Semiconductors

20 hours ago | 4.7 / 5 (9) | 1

(PhysOrg.com) -- Computer chips that transmit data with light instead of electricity consume much less power than conventional chips, but so far, they've remained laboratory curiosities. Professors Vladimir ...

Taking the drudgery out of software development

Technology / Software

17 hours ago | 3.9 / 5 (9) | 3

(PhysOrg.com) -- Software developers will no longer have to reinvent the wheel when writing new programs and applications thanks to a clever new set of tools and a central repository of 'building blocks'.

The number of text messages that a mobile user in S.Korea can send out a day has been restricted to 500, down from 1,000

S.Korea halves ceiling on text messages to fight spam

Technology / Telecom

6 hours ago | not rated yet | 0

South Korean authorities on Wednesday halved the daily limit on text messages sent out by mobile phones as part of a campaign against spam, officials said.