Sheryl Sandberg to Step Down as Meta Platforms COO

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Sheryl Sandberg, Meta Platforms’s ($NASDAQ:META) Chief Operating Officer, has announced that she will be stepping down from her position effective August

She will continue to serve on Meta Platforms’s board and as an employee through September 30, 2022. This news comes as a surprise to many, and it is unclear what impact this will have on Meta Platforms’s market and earnings in the long term.

Market Reaction

Since the news that Sheryl Sandberg is stepping down as Meta Platforms’s COO was published, the company’s stock has mostly been in the news for negative reasons.

However, on Tuesday, Meta Platforms stock opened at $158.3 and closed at $160.2, up by 0.2% from its previous closing price of 159.9. This shows that despite the negative publicity, investors are still confident in Meta Platforms’s future.

VI Analysis

Company’s fundamentals reflect its long term potential, and the intrinsic value of Meta Platforms share is around $340.0, calculated by VI Line. Now Meta Platforms stock is traded at $160.2, undervalued by 53%.

Summary

Sandberg is leaving her role as the COO of Meta Platforms, effective immediately. The stock price for Meta Platforms was up 0.2% the day following this news. This is likely due to the fact that, despite negative news surrounding the company in recent months, Meta Platforms is still seen as a strong investment. The company has a large user base and continues to grow, making it a attractive option for investors. Meta Platforms has been facing a lot of scrutiny recently, due to the Cambridge Analytica scandal and other privacy concerns.

However, many experts still believe that the company is a good long-term investment. The stock price may have been affected by the news of Sandberg’s departure, but it is still seen as a relatively stable investment. Meta Platforms is a well-established company with a strong user base.