Facebook’s CTO Bret Taylor has left the company to start on a project of his own.
Bret Taylor, the Chief Technology Officer at Facebook announced that he would be leaving the company to start “a company with my friend Kevin Gibbs” Of course, being the CTO he announced this through a Facebook post:
“I wanted to let you all know that I’ll be leaving Facebook later this summer. I’m sad to be leaving, but I’m excited to be starting a company with my friend Kevin Gibbs.
While a transition like this is never easy, I’m extremely confident in the teams and leadership we have in place. I’m very proud of our recent accomplishments in our platform and mobile products, from Open Graph and App Center to Facebook Camera and our iOS integration. I’m even more excited for the world to see all the amazing things these teams have coming.”
Bret Taylor has been an employee of Facebook for a long time, ever since the company purchased FriendFeed (where Bret used to work) for about $50 million. That means there are many goodbyes to give, including a special thanks to Mark Zuckerberg, who said “I’ve really enjoyed working with Bret and getting to know him as a friend and teammate. I’m grateful for all he has done for Facebook and I’m proud of what he and his teams have built. I’m also proud that we have a culture where great entrepreneurs like Bret join us and have such a big impact.”
What does this mean for Facebook, though? There may be some concern about what will happen next at the company, which may mean drops in the companies share prices which have not been good since the company went public a few months ago.