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Is Facebook getting ready to go public?
(From Guardian Unlimited)
Possibly -- and the news that the company's chief financial officer, Gideon Yu, is parting ways with the social networking site has certainly set tongues wagging in Silicon Valley.
While Yu's decision to leave is easily explained in terms of old-fashioned office politics - Facebook has already seen some turmoil at the top , and his relationship with other executives has been difficult - most people seem to be focusing on another detail.
According to the company's official statement:
"We are grateful to Gideon for his contributions to Facebook and what we are trying to accomplish. Despite the poor economic climate, we are pleased that our financial performance is strong and are well positioned for the next stage of our growth."
"We have retained Spencer Stuart to lead our search for a new CFO and will be looking for someone with public company experience."
The clue is in the last three words: public company experience . According to various commentators and tech blogs, the conservative Yu's departure and the subsequent job search is a surefire sign that Facebook is preparing to float on the stock market.
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