Cash-Crunched Facebook Loses Its CFO
One by one, Facebook CEO Mark Zuckerberg has driven away his cofounders and close confidants. The latest to go: chief financial officer Gideon Yu.
Why Facebook is foundering
The great hope of the Valley, the startup everyone thought was the next Google, the company whose IPO might restart the stock-market gold rush for everyone, is not well. Why? Look to its founder. Mark Zuckerberg is mismanaging his creation's transition to greatness. In Facebook's own parlance, the company's plight is…
Jonathan Heiliger, top Facebook exec, may leave
Will the last tech executive to leave Facebook please turn off the lights at the datacenter? We hear Jonathan Heiliger, Facebook's operations VP charged with running the social network's expansive server network, has been interviewing for other jobs. He just completed a year at the company, which is usually when…
Leave Sheryl Sandberg alone!
The best thing Valleywag ever did for Facebook COO Sheryl Sandberg was to call her a liar. That's just not done in the genteel office parks of Silicon Valley. It garnered the embattled executive a much-needed wave of sympathy within her company, on which she's now planning to capitalize.Valleywag's coverage last…
How Facebook servers survive 50,000 new users a day
In the clip embedded below, News.com's Dan Farber asks Facebook's VP of technical operations Jonathan Heiliger how Facebook manages to keep up with adding 50,000 new users per day. Heilliger responds: "We're adding a lot of infrastructure and we're adding a lot of servers." That much we understood. But then Farber…
Meet the guy spending Facebook's $200 million
Facebook, CEO Mark Zuckerberg recently told employees, will spend $200 million on capital expenditures this year. But fear not! That oversized budget, funded by Microsoft's $240 million investment, will not rest in the hands of a 23-year-old college dropout. No, even better! It's up to a 31-year-old graduate of Palo…
Facebook hires veteran of overvalued startups
How leaky is Facebook? So leaky that new hires sometimes out themselves right on the company's own website, as tech expert Jonathan Heiliger has done. Heiliger, you see, revealed his new employer by joining the company's private group for Facebook employees, a move that's visible on the site. Heiliger, who, back in…
