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	<title>Wall St. Cheat Sheet &#187; What Prompted This Facebook Chief to Resign?</title>
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		<title>What Prompted This Facebook Chief to Resign?</title>
		<link>http://wallstcheatsheet.com/stocks/what-prompted-this-facebook-chief-to-resign.html/</link>
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		<pubDate>Sat, 23 Feb 2013 15:09:04 +0000</pubDate>
		<dc:creator>Meghan Foley</dc:creator>
				<category><![CDATA[Blake Ross]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Technology]]></category>
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<ticker><![CDATA[NASDAQ:FB]]></ticker>
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		<description><![CDATA[In the announcement of his departure from Facebook on Thursday, the social network’s product management chief Blake Ross offered up a tough assessment...]]></description>
				<content:encoded><![CDATA[<p><a href="http://wallstcheatsheet.com/view-image?src=2012/05/Picture-72.png"><img class="size-full wp-image-214760 alignleft" style="margin-left: 10px; margin-right: 10px;" alt="Facebook" src="http://images.wallstcheatsheet.com/wp-content/uploads/2012/05/Picture-72.png" width="287" height="270" /></a>In the announcement of his departure from <strong>Facebook</strong> (<a href="http://wallstcheatsheet.com/stock-research/company?qs=FB" target="_blank">NASDAQ:FB</a>) on Thursday, the social network’s product management chief Blake Ross offered up a  of the company he joined in 2007.</p>
<p>“I’m leaving because a Forbes writer asked his son’s best friend Todd if Facebook was still cool and the friend said no, and plus none of HIS friends think so either, even Leila who used to love it, and this journalism made me reconsider the long-term viability of the company, he wrote in a Facebook blog post, according to <em>TechCrunch</em>. “In all seriousness, even after switching to part-time at Facebook, it’s just time for me to try new things,” Ross added.</p>
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<p>Much has been written about Facebook&#8217;s <a href="http://www.forbes.com/sites/michaelhumphrey/2012/04/12/facebook-joins-the-uncool-say-reports-why-thats-cool/" target="_blank">loss of coolness</a>, and most of the criticism surrounds&#8230;</p>
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<p>the fact that Facebook&#8217;s large size and increasing appetite for user data has reminded its members that it is in fact a business.  As <em>Forbes</em> noted back in April &#8212; even before the Social Network went public &#8212; Facebook has lost its cool factor. Author John D. Sutter gave the publication several possible moments of when the social network stopped being hip. &#8220;Maybe it was when users realized how much data Facebook was collecting about them,&#8221; he postulated. &#8220;Maybe it was when CEO Zuckerberg started to seem less like that geeky, counterculture college kid and more like a run-of-the-mill billionaire.&#8221;</p>
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<p>Ross first came to Facebook through the social network acquisition of Parakey, a web operating system that was still in stealth at the time. He began his career at the company as an engineer, and later he began Product Manager and then later was promoted to the Director of Product position.</p>
<p>High profile departures have cooled as late, but after Facebook made its initial public offering and shares began to slide rapidly as concerns over its potential profitability began to surface, analysts took the flight of upper management officials as further indication of trouble. These resignations included Chief Technology Officer Bret Taylor and product management head Carl Sjogreen. &#8220;<a href="http://www.businessinsider.com/blood-in-the-water-now-is-the-time-to-raid-facebook-for-talent-say-rival-exec-2012-6" target="_blank">Facebook is no longer the upstart</a>,&#8221; one observer told <em>BusinessInsider</em>. &#8220;It is now the middle aged man with a stock crisis.&#8221; And a middle-aged with a stock crisis is very far from the height of cool. Maybe that general view contributed to Facebook&#8217;s loss of coolness as well.</p>
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