Facebook's CFO Gideon Yu Jumps Ship
According to Jessica Vascellaro of the Wall Street Journal, Facebook’s Chief Financial Officer, Gideon Yu, is leaving the company. We wrote about Gideon Yu joining back in July of 2007, prior to the company raising $240 million from Microsoft. Since then, there have been rumors that Facebook is seeking more financing but so far no attempts have been successful.
Jessica Vascellaro speculates that Facebook “is stepping up plans” to go public “despite the rocky economy”. My guess is that it’s more related to Gideon Yu’s unsuccessful attempts at generating new rounds of funding.
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