Facebook picks David Ebersman as new CFO

Jun 29, 2009

(AP) -- Facebook says it has named David Ebersman, a former executive at biotech firm Genentech, as its chief financial officer.

The Palo Alto, Calif.-based online hangout said Monday that Ebersman will formally start at the company in September.

He replaces Gideon Yu, who left abruptly in March. The company said at the time it was looking for someone with "public company experience."

Ebersman hails from Genentech, which is being bought by pharmaceutical company Roche Holding AG.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: Media reaping profits from Internet (Update)

add to favorites email to friend print save as pdf

Related Stories

Roche to take over Genentech for $47 billion

Mar 12, 2009

(AP) -- Swiss pharmaceutical giant Roche said Thursday it has agreed to buy California-based Genentech for $46.8 billion in a takeover described as the largest in Swiss corporate history.

Facebook's $200M investment values co. at $10B

May 26, 2009

(AP) -- Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion even though it has yet to turn a profit.

News Corp. hires more MySpace executives

Apr 27, 2009

(AP) -- News Corp. has hired two new executives at MySpace, expanding the online hangout's management team after having just replaced its CEO on Friday.

StumbleUpon's founders buy service back from eBay

Apr 14, 2009

(AP) -- Two founders of Web content recommendation service StumbleUpon said Monday they bought the company back from online auction house eBay Inc., just two years after eBay purchased the startup for $75 million.

Recommended for you

German court lifts ban on Uber car pick-up service

6 hours ago

The controversial but popular car pick-up service Uber claimed a victory in Germany on Tuesday when a court threw out an injunction levelled against its operations in Europe's biggest economy.

Oligarch buys Russia's most popular social media (Update)

8 hours ago

A media company owned by Kremlin-friendly oligarch Alisher Usmanov has splashed out $1.5 billion to gain full control of Russia's most popular social network, VKontakte, bringing an end to a months-long dispute ...

User comments : 0