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home / news releases / FNGS - Meta Platforms: Sandberg Is Out

FNGS - Meta Platforms: Sandberg Is Out

Bank of Montreal - ZC SP ETN REDEEM 08/01/2038 USD 50
  • Sheryl Sandberg will be stepping down as COO of Meta Platforms in fall 2022.
  • 15-year Facebook veteran Javier Olivan will take on the role.
  • Sandberg's departure adds more uncertainty to ongoing challenges Meta is facing.
  • Shares remain a hold on slowing growth and heavy spending from Reality Labs, offset by a reasonable valuation at 16x forward earnings.

For further details see:

Meta Platforms: Sandberg Is Out
Stock Information
Company Name: Bank of Montreal - ZC SP ETN REDEEM 08/01/2038 USD 50
Stock Symbol: FNGS
Market: NYSE
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