Facebook made a big change this week in announcing that CFO Gideon Yu will be leaving. Internal reports suggest that Facebook founder Mark Zuckerberg and Yu had conflicting views regarding monetary strategies. Facebook has also recently been involved in debt financing coordinated by Yu.
Facebook confirmed the move in a statement but primarily focused on its hope for an IPO sometime in the future. In the meantime, Facebook has been trying to dismiss rumors of financial weakness, stating that it would be back in black ink by 2010.
Releasing an IPO in this stage of the economy could be risky for the popular social networking site which is currently facing monetization issues.
This leaves only one question:
Hey Mark Zuckerberg, What’s on your mind?
Credit Crunch Facebook Changes
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