Top Facebook Exec Resigns to Play Frisbee

Facebook executives have long called the company’s top ranks a “family,” but after a series of high-profile exits, the family is about to get a lot of new faces.

At least seven senior Facebook executives have announced their departures this year. None are leaving on bad terms, a company spokesperson told CNBC, and some will remain on in advisory positions.

 

 

 

Facebook Nosedives

Mark Zuckerberg is counting the cost of user disenchantment with Facebook Inc. His fortune tumbled by $16.8 billion in late trading Wednesday, as shares of the social media giant slid 20 percent at 5:37 p.m. in New York on disappointing results. If that holds through Thursday’s close, he will slide to sixth place from third on the Bloomberg Billionaires Index. It would also wipe his $13.7 billion of gains for the year, leaving him with just less than $70 billion.

The Theft of Michael McKibben’s Programming Code