According to US media reports, Meta, the parent company of Facebook Inc, is investigating the chief operating officer, Shirley Sandberg, known as the No. 2 person on Facebook, which involves a broader review of Sandberg's use of Facebook Inc's resources for personal affairs over the years.

It is worth noting that earlier, Sandberg announced on June 1 local time that she would resign as chief operating officer (COO) of Meta. Sandberg said the move was not because of regulatory pressure on the company, nor because of the current slowdown in advertising. Sandberg also mentioned that she plans to get married this summer and hopes to spend more time with the group's five children.

In addition, Meta, which was fully invested in metacosmos construction in October last year, has seen its share price plummet and nearly halved this year at a time when its main advertising business has lost more than $10 billion. The latest market capitalization is $475.149 billion (about 3.19 trillion yuan), down 54% from the trillion dollars in the third quarter of last year.

Us media: Meta investigates Sandberg, chief operating officer, about the use of company resources for private affairs over the years

According to people familiar with the matter, Meta lawyer investigating Facebook Inc COO Sandberg's use of the company's resources is reviewing her behavior a few years ago, focusing on the extent to which employees are working on her personal projects.

The survey included the work of Facebook Inc's employees to support Sandberg's foundation for women's rights in the workplace, LeanIn, as well as the writing and promotion of her second book. The investigation involves a broader review of Sandberg's use of Facebook Inc's resources for personal affairs over the years, according to people familiar with the matter.

Sandberg announced in a Facebook Inc post last week that she would resign as Facebook Inc's chief operating officer for 14 years this autumn, but would continue as a director of MetaPlatforms.

Sandberg announced a few days ago that she would step down as chief operating officer of Meta.

Earlier, Sandberg announced on June 1 local time that she would resign as chief operating officer (COO) of Meta.

Sandberg joined Facebook Inc in early 2008 as the second person under Mark Zuckerberg, the company's co-founder and CEO, and helped Facebook Inc become an advertising giant and one of the most powerful companies in the technology industry. with a market capitalization of more than $1 trillion, Sandberg was called "first Lady Facebook Inc" by the media.

Sandberg appeared on the cover of time magazine in 2013 and was named one of the most influential people in the world by time magazine. Sandberg was ranked 1818th with $1.6 billion, according to the latest Forbes list of the world's billionaires. At the same time, Sandberg ranked 45th on the 2022 Hurun list of self-made women with a fortune of $16.5 billion.

On leaving office, Sandberg wrote on Facebook Inc: "I'm not entirely sure what will happen in the future, but I know that in the future I will focus more on my foundation and charity work, given how critical it is for women at the moment." it means more to me than ever before. "

Sandberg said the move was not because of regulatory pressure on the company, nor because of the current slowdown in advertising. Sandberg also mentioned that she plans to get married this summer and hopes to spend more time with the group's five children.

It is reported that Javier Olivan, chief executive of Meta, will take over as chief operating officer this fall. Over the past decade, Mr Olivan has been responsible for most of Facebook Inc's growth business. He has also managed WhatsApp, Instagram, Messenger and Facebook Inc. Sandberg informed Zuckerberg of her decision over the weekend and said she would continue to serve on the board of Meta.

Zuckerberg said Sandberg's departure was "the end of an era" and that Meta planned to restructure internally to adapt to the new changes. "looking ahead, I don't intend to replace Sandberg's role in our existing structure," Zuckerberg said in a post on Facebook Inc. I'm not sure that's possible, because she's a superstar who defines the role of COO in her own unique way. But even if this is possible, I think Meta has reached a stage where our products and business units should be more closely integrated, rather than organizing all business and operational functions separately from our products. "

Meta shares nearly halved this year

In October last year, Zuckerberg renamed the company Meta, fully invested in the "meta-universe" construction, with the goal of transforming into a "meta-universe" company in about five years. But in the early stages, Meta Universe suffered a setback, with results for the fourth quarter of 2021 showing an operating loss of more than $10 billion (about 63.6 billion yuan) in 2021 for the reality Lab division of Meta Universe.

The overlay main advertising business also showed weak growth, which sent Meta's share price tumbling. Meta shares plunged more than 20% in February due to weak performance guidance in the fourth quarter of 2021, and have continued to fall since then under the influence of the Fed's monetary tightening environment. Compared with the beginning of the year, Meta's share price has nearly halved. As of the latest trading day, it was trading at $175.57 per share, with a total market capitalization of $475.149 billion (about 3.19 trillion yuan).

On April 28th, Meta released its first-quarter 2022 results. According to the data, Meta's revenue in the first quarter was $27.908 billion, up 7% from a year earlier, the first single-digit increase since the company went public, below market expectations of $28.2 billion; net profit was $7.47 billion, down 21% from a year earlier, higher than the average analyst estimate of $7.1 billion; earnings per share for the quarter were $2.72, and advertising revenue was $27 billion, below expectations of $27.48 billion.

In addition, Meta's "app family" had revenue of $27.21 billion, accounting for 97.5% of the company's total revenue, while Meta reality Labs (RealityLabs), which includes software, hardware and content related to augmented and virtual reality, had a first-quarter revenue of $695 million and a loss of $2.96 billion.

However, Meta reported that the number of users increased from the previous quarter, and the number of daily active users increased by 4% to 1.96 billion. The number of meta daily active users fell by 2 million at the end of the last quarter, the first time the company reported a decline.

In addition, Meta expects second-quarter revenue of between $28 billion and $30 billion, below the average analyst forecast of $30.7 billion, and cut total spending this year to between $87 billion and $92 billion, down from the previously announced $90 billion-$95 billion.

Meta also said that the company's future digital advertising business may still be affected by inflation and Apple Inc's privacy policy changes. DaveWehner, Meta's chief financial officer, had previously predicted that Apple Inc's privacy policy changes would affect Meta's revenue by $10 billion in 2022. Zuckerberg said the meta-universe business will make up for the overall slowdown in growth over the next few years.