In August 2008, Facebook claimed 100 million monthly active users worldwide. By April 2009, the social networking outfit doubled that number. In July, it reached 250 million monthly active users. And now, two months later, Facebook has passed 300 million. But more important: Facebook is cash-flow positive.
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Who says Google is hoarding Silicon Valley’s tech talent? In July of 2007, Gideon Yu, a Valley train-hopper with stints at Yahoo and then YouTube, resigned from his position at the video-sharing site shortly after it was acquired by the search engine to become CFO of Facebook. A few months later, Benjamin “bling” Ling, described as one of “Larry and Sergey’s golden boys,” left Google to run Facebook’s platform program. Then this past March, Sheryl Sandberg, Google’s vice president of global online sales and operations, bailed to join the social network as chief operating officer.
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Veteran executive Sheryl Sandberg wasn’t the only thing Google (GOOG) lost today. It lost a fair bit of value in share price as well.
Google’s stock fell as low as $435.78 at one point, slipping below the company’s 52-week low of $437, set nearly one year ago on March 5, 2007.
Wonder if falling to your 52-week [...]
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Well, veteran Google employee Sheryl Sandberg found a good use for her “20% time”: interviewing for the COO spot at Facebook. In news first reported on All Things Digital by BoomTown’s Kara Swisher, she’ll join the social network later this month as chief operating officer.
Quite a coup for Facebook. As Google’s vice president of [...]
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