Fast-growing social network site Facebook named former YouTube Chief Financial Officer Gideon Yu as its new CFO, replacing prior finance chief Michael Sheridan, in the latest step toward a potential initial public offering (IPO).
Yu, 36, became chief financial officer of video-sharing sensation YouTube last September, shortly before the company was acquired by Google Inc in a $1.65 billion deal. He remains a Google employee with his start date at Facebook still to be finalized.
Earlier this month, Facebook named Chamath Palihapitiya, 30 an investor with venture capital firm Mayfield Fund LP, as Facebook's vice president of product marketing and operations.
The company has become a darling of Silicon Valley trend-watchers who see the site becoming a major player in the Internet industry, "the next Google" in the shorthand of some analysts here.
Source: WashingtonPost
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