Thanks for sharing this post! A lot of people are hooked up to using Facebook as a means of communication. Facebook maybe the fast-growing social networking website these days, but there are a lot of issues in connection with this. One of the issues is CFO Gideon Yu’s departure which comes as he was in the process of trying to raise money for the fast-growing startup. Facebook may have a hard time raising money for reasons that go beyond the credit crisis affecting so many US companies. However, the company said at the same time it announced Yu’s departure that it has produced positive earnings before interest, taxes, depreciation and amortization. Gideon Yu recently left his post at Facebook, after helping the company build from a college student intensive network, to the mammoth that it currently is.
He helped raise millions in cash advances from investors, after his tenures at Yahoo and Google.
His usual gig is to come on board with a company, take them from where they are to superstar status and then leave once the company has grown significantly. This works great for a company who needs someone whose experience is in management of a large entity.
Still, it isn't likely that
Gideon Yu will need cash advances for a while.