Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account
Mark Zuckerberg loses two key Facebook executives
Published by
The Telegraph

2m read

15 March 6.44am

Hargreaves Lansdown is not responsible for this article's content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest. Article originally published by The Telegraph.

Mark Zuckerberg has lost two of his closest lieutenants in a major setback for Facebook as it seeks to shift its strategy towards private messaging.

Chris Cox, the social network’s head of product, and Chris Daniels, who ran the WhatsApp messaging service, have both decided to leave Facebook, Mr Zuckerberg announced on Thursday .

The departures follow the resignations of Instagram founders Kevin Systrom and Mike Krieger and WhatsApp’s co-founder Jan Koum last year.

However, the latest exits are potentially more troubling, as Mr Cox and Mr Daniels were members of Mr Zuckerberg’s tight-knit group of allies.

Mr Cox was one of Facebook’s first software developers and one of the chief architects of the news feed, the cascade of Facebook posts that is the company’s most lucrative source of advertising.

Mr Daniels was only appointed as head of WhatsApp last year after the departure of Mr Koum, and had been seen as a steady pair of hands as Facebook adds advertising to the app and plans to integrate it with its main Messenger service.

Mr Zuckerberg did not say why the two had resigned except to say that Mr Cox had discussed leaving Facebook for some time but prefaced their departures by referring to an announcement he made last week about Facebook’s plans to focus more on private messaging than the public sharing it has been best known for.

Facebook Inc

Sell: 164.08 | Buy: 164.40 negative 1.74 (-1.05%)
Graph

Prices delayed by at least 15 minutes.

On his Facebook page, Mr Cox intimated he did not support the new direction as much as the company's chief executive. "This will be a big project and we will need leaders who are excited to see the new direction through," he wrote.

Facebook’s shares fell by 1.7pc immediately after the announcement. Mr Zuckerberg said Will Cathcart, who had been in charge of running the core Facebook app, would be put in charge of WhatsApp, and Fidji Simo, the head of its video operations, would take Mr Catchart’s position.

It is the second time in less than a year that Mr Zuckerberg has shuffled his executive ranks.

This article was written by James Titcomb from The Telegraph and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.

Free Newsroom email alerts

The headlines that matter to investors direct to your inbox

Register for daily/weekly email alerts with news from The Financial Times, Forbes, Reuters, The Economist and more.

Loading...
Share via emailShare on FacebookShare on TwitterShare on Linkedin

Article originally published by The Telegraph. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

Other stories

HL features

Latest tweet
Share via email Share on Facebook Share on Twitter Share on Linkedin