Feeds

Facebook CTO jumps ship for new horizons

Bret Taylor moves on after IPO

  • alert
  • submit to reddit

The Power of One Infographic

Bret Taylor, the CTO of Facebook, is leaving the company to start a new business venture in Silicon Valley.

"I've learned more than I ever imagined in my time at Facebook. I'm also extremely grateful for my relationship with all of the amazing people I've worked with here," he said on his Facebook page. "I want to give a special thanks to Mark Zuckerberg. You've not only been my boss for the past three years, but my mentor and one of my closest friends."

Taylor joined Facebook in 2009 after starting an earlier social network, called FriendFeed (not Friendface).

He is setting up business with his friend Kevin Gibbs, one of Google's chief engineers. Taylor, a former Google employee who left the search giant just after its IPO, didn't say what the new start-up will do.

Now that Facebook has finished the IPO process the company can expect some high-profile departures as staff cash out their stock options. Taylor is the biggest name to go so far, but others are likely to follow.

Nonetheless, the timing of Taylor's announcement comes as something of a surprise, given that he took to the stage this week at Apple Worldwide Developer Conference to enthuse about how Facebook will integrate with iOS.

He highlighted the integration as one of the things he is most proud of at Facebook, along with the site's Open Graph and App Center integration.

Meanwhile Facebook's stock price appears to have stabilized at $30 after falling considerably. ®

The Essential Guide to IT Transformation

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.