Confirmed: Facebook Loses CFO Gideon Yu

[​IMG] Facebook is losing its CFO Gideon Yu. The #-Link-Snipped-# broke the news earlier today, and speculated that the reason could be that Facebook might want to make an early bid for an IPO and wants a CFO with public company experience (which is complete nonsense). Yu was previously the CFO of YouTube. At Facebook, he was key to raising money from Microsoft at the famous $15 billion valuation, but as the economy soured he was not able to find as many takers at that same price, despite Facebook's voracious need for capital to keep up with its growth. A Facebook spokesperson has confirmed Yu's departure to us, providing the following statement.

#-Link-Snipped-#

Replies

  • Black_Rose
    Black_Rose
    What's the big deal with FB anyway? How many people from CE use it?

You are reading an archived discussion.

Related Posts

CEans, As engineers, we are responsible for the well being of the world. When it comes to the well being of the on-line world; we all rely on software that...
Hi guys, I've been searching the net for guides and components needed to create a closed circuit taser. Is that the right term for it? Hopefully i found the right...
Mind mapping is in an increasingly popular way to brainstorm, and last week we asked you to share your favorite mind mapping applications and rounded up the top five. The...
As much as we'd like this to be a still from a new, secretly-in-development Cronenberg movie, it's actually an image of the nightmare-inducing mechanical heart that stars in a new...
Preliminary Experiments for Control of a Induction Motor fitted with Separate Stator Tooth Coils The purpose of this project is to carry out the initial experimental investigations into the control...