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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Meta’s Nicola MendelsohnNicola Mendelsohn, head of Global Business Group at Meta, joins CNBC's Tania Bryer to talk about AI, new technologies and innovations and what the social media giant has planned for 2024.
Persons: Meta’s Nicola Mendelsohn Nicola Mendelsohn, Tania Bryer Organizations: Global Business, Meta
Sheryl Sandberg, who helped to transform Facebook from a tech startup into a digital advertising empire, will step down from the board of Meta, Facebook's parent company. She had served as COO of Facebook, and then Meta, for 14 and a half years and as a board member for 12 years. Last year Sandberg announced that she was launching a girls leadership program through her foundation to respond to what she calls stubborn gender inequities. The girls leadership program includes a middle-school curriculum as well as resources for adults. Lean In is a project of the Sandberg Goldberg Bernthal Family Foundation, the private foundation Sandberg started with her late husband, Dave Goldberg.
Persons: Sheryl Sandberg, ” Sandberg, Sandberg, Mark Zuckerberg, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, Sandberg Goldberg, Dave Goldberg Organizations: Facebook, Meta, Google, Mark's, Foundation
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's Mendelsohn: AI era marks biggest moment in tech in a decadeNicola Mendelsohn, Meta's global head of business group, discusses the metaverse, artificial intelligence, and her outlook for 2024.
Persons: Meta's Mendelsohn, Nicola Mendelsohn, Meta's
The new artificial intelligence era represents a huge moment for the tech industry that has not been seen in a decade, according to a top executive at Facebook parent company Meta Platforms. "This is a seismic moment," Mendelsohn said, in conversation with CNBC's Tania Bryer at the World Economic Forum in Davos, Switzerland. In her role at Meta, Mendelsohn leads relationships with top marketers and agencies. She is also a seasoned advertising executive, with past experience including partner and executive chairman at London advertising agency Karmarama, and non-executive director of alcoholic beverages firm Diageo. Last year also marked a major pivot toward artificial intelligence for Meta — an area where the company plays a key role with its LLaMA large language model.
Persons: Nicola Mendelsohn, Mendelsohn, CNBC's Tania Bryer, Mark Zuckerberg's Organizations: Facebook, Meta, Economic, Diageo Locations: Davos, Switzerland, London
Sheryl Sandberg says she's leaving Meta's board
  + stars: | 2024-01-17 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +4 min
Former Meta operating chief Sheryl Sandberg is leaving the company's board of directors. "With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May," Sandberg wrote in a Facebook post on Wednesday. Sandberg, 54, joined Facebook in 2008 as Mark Zuckerberg's top deputy after spending about seven years at Google. Since leaving Meta, Sandberg has dedicated much of her time on her LeanIn.org nonprofit, which focuses on empowering women tin the workplace, and related projects. "Thank you Sheryl for the extraordinary contributions you have made to our company and community over the years," Zuckerberg wrote.
Persons: Sheryl Sandberg, Sandberg, Mark Zuckerberg's, Javier Olivan, We've, Sandberg's, Zuckerberg, Sheryl, Adam Bosworth, Peggy Alford, Marc Andreessen, Drew Houston, Nancy Killefer, Robert M, Tony Xu, Tracey T, Travis, Estée Lauder, Here's, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, Mark Organizations: Meta, Facebook, Google, CNBC, McKinsey & Company, Estée Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's Mendelsohn in Cannes: "We're opening up more advertising options"Julia Boorstin sits down with Nicola Mendelsohn, Meta's Head of Global Business Group, to discuss how the company is growing its advertising solutions for tools like Reels & augmented reality.
Persons: Meta's Mendelsohn, Julia Boorstin, Nicola Mendelsohn, Meta's Organizations: Global Business Locations: Cannes
Nicola Mendelsohn and Justin Osofsky are Meta's top ad execs after Marne Levine stepped down. After Meta's ad revenue took a series of hits, the company banking on an overhauled ad offering powered by AI. Insider identified Meta's 21 top ad execs tasked with reviving its most crucial revenue stream. Here are the 21 most powerful and important advertising execs still at the company, listed alphabetically. Their roles span ad sales, strategy, marketing and product across Meta's portfolio.
Meta's chief business officer Marne Levine is leaving the company, according to a post on Meta's site. Levine has also been known as a longtime confidant of Sheryl Sandberg, who stepped down from her role as Meta's chief operating officer in 2022. Levine's role will be split between her successor, Nicola Mendelsohn and Justin Osofsky, according to Meta's post. Both Mendelsohn and Osofsky have also held executive roles at the company for years and will report to Meta's Chief Operating Officer Javier Olivan in their new titles, the post noted. In a call after the earnings were released, Zuckerberg noted that the company was "removing some layers of middle management."
Meta business chief to depart
  + stars: | 2023-02-13 | by ( ) www.reuters.com   time to read: +1 min
Feb 13 (Reuters) - Meta Platforms (META.O) said on Monday Chief Business Officer Marne Levine was leaving the owner of Facebook after a 13-year stint. Fifty-two-year-old Levine, appointed as the company's first chief business officer in 2021, has served in various other executive positions at the social media company, including chief operating officer of Instagram. The company said it expanded Nicola Mendelsohn's role as head of global business group and named Justin Osofsky as head of online sales, operations and partnerships, in the wake of Levine's imminent departure. The changes come at a time when Meta has promised to cut costs by $5 billion in the year to a range of $89 billion to $95 billion, calling 2023 the "Year of Efficiency". Reporting by Chavi Mehta in Bengaluru; Editing by Krishna Chandra Eluri and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Marne Levine, vice president of global partnerships and business development for Facebook Inc., speaks during the Fortune's Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Meta 's Chief Business Officer Marne Levine is stepping down after 13 years with the company, Meta announced in a release Monday. Levine previously served as vice president of global public policy at Facebook, chief operating officer at Instagram and vice president of global partnerships, business and corporate development at Facebook. Levine was named Facebook's chief business officer in the summer of 2021, a few months before it changed its name to Meta to indicate its focus on the yet-to-be-developed metaverse. "I'm grateful for our partnership, her commitment to Meta, and the energy she brought to the company every day."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta’s Nicola Mendelsohn on the 'Working with Cancer' initiativeMarking World Cancer Day 2023, the Publicis Foundation has launched a cross-industry coalition to erase the stigma of cancer in the workplace. Meta was one of the founding partners and CNBC’s Tania Bryer caught up with Vice President, Global Business Group at Meta, Nicola Mendelsohn, to talk about the ‘Working with Cancer’ pledge, her own diagnosis and founding the Follicular Lymphoma Foundation.
[1/2] A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. Google-owner Alphabet Inc (GOOGL.O) on Thursday reported a slight fall in quarterly ad revenue, missing Wall Street expectations and surprising investors as the world's largest digital ad platform has traditionally been resilient compared to smaller rivals. Meta Platforms Inc (META.O), the second-largest digital ad platform, lifted Wall Street on Wednesday with its cost cuts and big share buyback, though it posted its third consecutive quarter of year-over-year revenue decline. Lower ad spending from brands in the financial services and technology sector was one reason for the revenue decline, the company said. Reporting by Sheila Dang in Dallas; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
[1/2] A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson/File PhotoFeb 3 (Reuters) - Big Tech companies have a new obsession: artificial intelligence. Executives from Microsoft Corp (MSFT.O) and Alphabet Inc (GOOGL.O), behind the latest big rivalry in tech, took their battle to the conference-call front lines. We can bring those to life using generative (AI) art, which I think is really exciting," he said. "One of my goals for Meta is to build on our research to become a leader in generative AI," said Zuckerberg.
Nicola Mendelsohn talks about Meta's prospects in 2023
  + stars: | 2023-01-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNicola Mendelsohn talks about Meta's prospects in 2023CNBC's Tania Bryer sits down with Vice President, Global Business Group at Meta, Nicola Mendelsohn, to talk about the metaverse, the global economy, future of work and what else is ahead for Meta in 2023.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta didn't sit around twiddling thumbs after Apple privacy changes, VP saysNicola Mendelsohn, vice president of Meta's global business group, discusses bleak outlook for technology, the impact of Apple's curbs on advertiser tracking on its business, and the company's appeal of a $400 billion fine from the Irish data privacy watchdog.
Nov 30 (Reuters) - The head of Meta Platforms' (META.O) business group said on Wednesday that the holiday shopping season started earlier than usual this year and produced a Black Friday sales weekend that appeared to be the biggest on record. Consumers anxious about supply shortages were stocking up early on desired gifts, while businesses with excess inventory sought to clear it out with heavy discounts, said Meta Vice President of Global Business Nicola Mendelsohn, speaking in an interview at the Reuters NEXT conference. The holiday ad sales could be a welcome respite for Meta, which has been struggling this year as advertisers and consumers pulled the plug on spending amid soaring costs and rapidly rising interest rates. [1/3] Vice President for the Global Business group at Meta Nicola Mendelsohn speaks during a Reuters NEXT Newsmaker event in New York City, U.S., November 30, 2022. To view the Reuters NEXT conference live on Nov. 30 and Dec. 1, please click hereReporting by Katie Paul and Aditya Soni; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
Facebook-parent Meta's India head Ajit Mohan steps down
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Nov 3 (Reuters) - Facebook-parent Meta Platforms Inc (META.O) said on Thursday that its India head, Ajit Mohan, has stepped down after four years, while a media report said he would join rival Snap Inc (SNAP.N). Manish Chopra, director and head of partnerships at Meta India, will take over on an interim capacity, a company spokesperson told Reuters. Mohan will serve as the President of the Asia-Pacific business, Techcrunch reported, citing sources. "Over the last four years, he (Ajit Mohan) has played an important role in shaping and scaling our India operations," Nicola Mendelsohn, Vice President, Global Business Group at Meta said in a a statement. "We remain deeply committed to India and have a strong leadership team in place to carry on all our work and partnerships," Mendelsohn said.
In a new podcast interview, a Meta exec talked about what CEO Mark Zuckerberg is like. She said Facebook's pivot from desktop to mobile was an early example of his leadership and vision. In 2012, Zuckerberg wanted to shift Facebook's users and the company's design priorities from desktop to mobile. During the same amount of time, Facebook's mobile daily active users increased 34% year over year, and its mobile monthly active users grew 26% year over year. Zuckerberg pivoted Facebook to become Meta last year, a huge bet on the company's aspirations in the metaverse.
Nicola Mendelsohn has been named Facebook's new ad chief, a role previously held by Carolyn Everson. Facebook has named Nicola Mendelsohn to the top advertising sales role of VP of the global business group. She had been the interim ad sales leader since June, when former ad exec Carolyn Everson left to become Instacart's president. Facebook's ad revenue continues to increase despite the exodus and ongoing regulations and warnings about the impact on ad performance from the introduction of Apple's App Tracking Transparency, which will limit ad targeting and measurement on Apple devices. Their roles span ad sales, strategy, marketing and product across Facebook's properties including its core app, Instagram, WhatsApp, and Messenger.
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