Feeds

Facebook CTO jumps ship for new horizons

Bret Taylor moves on after IPO

  • alert
  • submit to reddit

Build a business case: developing custom apps

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
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
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
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
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.