Sheryl Sandberg Leans Out

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 2 June 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

After 14 years at Chief Operating Officer at Meta Platforms Sheryl Sandberg is stepping down in the fall. (0:25) Asit Sharma discusses:
- Sandberg's leadership in growing revenue and defending the company in public
- How the company's pivot to the metaverse most likely contributes to her departure
- Chewy's strong 1st-quarter profits against, albeit, modest expectations
- Why the pet retailer needs to focus on getting fulfillment and infrastructure right
- The numbers behind Chewy's customers spending more each year

(16:04) Tim Beyers talks with Cameron Deatsch, Chief Revenue Officer at Atlassian, about the software company's humble origin and its cloud transition that could be worth billions.

Stocks discussed: FB, CHWY, TEAM, MNDY, ASAN, AMZN

Host: Chris Hill
Guests: Asit Sharma, Tim Beyers, Cameron Deatsch
Producer: Ricky Mulvey
Engineers: Dan Boyd, Spencer Daniel

Transcript

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0:00.0	We've got a retailer on the rebound and a conversation with one of the last scenes top
0:09.8	executives.
0:11.0	Motley Fool Money starts now.
0:15.2	I'm Chris Hill and I'm joined today by Motley Fool's Senior Analyst, Oswits Sharma.
0:24.4	Thanks for being here.
0:25.4	Chris, as always, thanks for having me.
0:27.4	Let's start with the news from Big Tech.
0:29.8	Cheryl Sandberg is stepping down after 14 years as the chief operating officer and met
0:36.0	up platforms over here.
0:38.0	Olivan, who is the chief growth officer, is going to be stepping in to be the new chief
0:43.4	operating officer when she steps down this fall.
0:48.7	There are a few different ways we can go here.
0:50.9	Let me start with this.
0:53.3	Were you surprised by the timing of this because I think I was.
0:59.2	I think I was a little surprised at the timing.
1:01.8	Not that I think anything nefarious is going on.
1:05.3	I wouldn't have been surprised if she stepped down a couple years ago.
1:10.0	This seems a little out of the blue, but look, she's had a tremendous run.
1:14.6	That's true.
1:15.6	Cheryl Sandberg has been on board for 14 years.
1:20.1	Now helped grow this company from a very small platform into this behemoth that it is today.
1:27.9	There's almost never a good time to leave.
	...

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