Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Meta announced on Monday, Feb. 13, that its chief business officer is leaving. The company also revealed new executive appointments for its sales and partnerships.
Meta confirmed that Marne Levine is set to step down after 13 years with the company. As per CNBC, she will vacate her role on Feb. 21 but will stay as an employee until she officially leaves in the summer.
Previously, she has been appointed as vice president of global public policy at Facebook and chief operating officer at Instagram. She also held the vice president of global partnerships, business, and corporate development post at Facebook.
Moreover, a few months before FB was rebranded and announced a name change to Meta, she was named the chief business officer of the social media company. She was indeed an influential executive at Meta who was also credited with driving IG to become one of Meta’s cornerstone apps.
Meta also said that Nicola Mendelsohn and Justin Osofsky were offered expanded roles as senior sales and partnership leaders from this point onwards. They will be directly reporting to the chief operating officer, Javier Olivan.
“From running global policy to growing our Instagram business as the first COO, to leading our ads and business partnerships teams, Marne has been an incredible leader at Meta over the last 13 years,” Olivan said in a press release. “I am grateful for our partnership, her commitment to Meta, and the energy she brought to the company every day.”
The COO added, “Nicola has a strong, well-earned reputation in the ad industry, and Justin has a unique combination of product, operations and business experience that will serve him well in this new role. They are both proven leaders, and we’re fortunate to have them leading this important work and representing the company with our advertisers and partners.”
Photo by: Dima Solomin/Unsplash
