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FACEBOOK INC

(FB)
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Facebook : appoints its first chief business officer

06/03/2021 | 01:09pm EDT
Sheryl Sandberg, COO of Facebook, and Marne Levine, COO of Instagram, attend the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho

(Reuters) - Facebook Inc on Thursday appointed Marne Levine, vice president of global partnerships, as the social media giant's first chief business officer.

Fifty-year-old Levine said she will oversee Facebook's advertising business and global partnerships, in a post https://www.facebook.com/marne.levine/posts/10160493765124305. She will report to Chief Operating Officer Sheryl Sandberg.

In Levine's over a decade-long stint at the company, she has served in various executive positions including chief operating officer of Instagram.

Facebook's Chief Revenue Officer David Fischer, who oversaw the advertising business and managed sales and marketing teams worldwide, said earlier this year he will leave the company towards the end of 2021.

(Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)


© Reuters 2021
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Financials (USD)
Sales 2021 119 B - -
Net income 2021 40 467 M - -
Net cash 2021 79 259 M - -
P/E ratio 2021 25,4x
Yield 2021 -
Capitalization 1 005 B 1 005 B -
EV / Sales 2021 7,77x
EV / Sales 2022 6,37x
Nbr of Employees 63 404
Free-Float 84,4%
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Mean consensus BUY
Number of Analysts 51
Last Close Price 356,30 $
Average target price 411,51 $
Spread / Average Target 15,5%
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Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
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