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Facebook CEO Mark Zuckerberg.
- Facebook has lost six key executives over the past year, following the departure of Instagram cofounders, Kevin Systrom and Mike Krieger.
- It means CEO Mark Zuckerberg is without critical talent at a time when Facebook is trying to get back on its feet following a series of disastrous body blows.
- Without key executives around him, his job will not get easier.
For years, Facebook's top bench of executives has been a vision of stability. Not anymore.
The abrupt resignations of Instagram cofounders, Kevin Systrom and Mike Krieger, on Monday contributed to a growing sense that the serenity around Mark Zuckerberg is becoming a hot mess.
They are the fifth and sixth major names to leave Facebook since September last year. Here's the full list in chronological order:
- September 2017: WhatsApp cofounder Brian Acton.
- April 2018: WhatsApp cofounder Jan Koum.
- June 2018: VP of Communications and Public Policy, Elliot Schrage.
- August 2018: Chief Security Officer Alex Stamos.
- September 2018: Instagram cofounders, Kevin Systrom and Mike Krieger.
It comes just months after $4, and that the company's top team has overcome controversy and reshuffles to stick around longer than the average tech CEO in the S&P 500.
All have quit for different reasons. But it stacks up to the same problem: Zuckerberg is losing critical talent at a time when Facebook is trying to get back on its feet following a series of disastrous body blows.
Zuckerberg is spinning plates including data breaches, fake news, hate speech, inappropriate content, and election interference, all of which played a part in a disastrous second quarter for Facebook, wiping around $120 billion of its value in a single day of trading.
$4. Instagram recommended $4. Both apps are now leaderless.
$4, but it has no head of security. And the $4, and yet its communications chief left the building in June.
Zuckerberg is looking increasingly isolated at a time when his personal mission is to fix Facebook. Without key executives around him, his job will not get easier.