Wednesday, April 01, 2009
Facebook's CFO, digital media veteran Gideon Yu, is no longer with the company. No reason was given for his departure. But, investors are anxious. Despite rapid growth -- everyone I know has a Facebook profile -- CEO Mark Zuckerberg's long-term plans are unclear to sustain that growth and provide a liquidity event for investors. The Wall Street Journal today speculates that Yu's departure may signal preparation for an IPO. In any event, it isn't as if Facebook doesn't have a myriad of options that should put a smile on investors' faces. The only question is "when", especially when virtually every investor is in need of liquidity.