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...Cohler told me this morning that he'll be continuing to consult for Facebook. "Facebook doesn't have an advisory board per se. But I'll still be working with [Facebook founder and CEO] Mark Zuckerberg in an ongoing capacity," he said. "I should point out that this is absolutely not an operations role, it'll be more of an advisory role...

Author: /time Magazine | Title: Facebook Loses a Top Executive | 6/19/2008 | See Source »

...news for Facebook: It lost its functional second in command today. Matt Cohler, 31, who oversees the Facebook "product" and is generally perceived to be the core of the original management team, is joining Benchmark Capital, a powerful Bay Area venture capital firm...

Author: /time Magazine | Title: Facebook Loses a Top Executive | 6/19/2008 | See Source »

...Nonetheless, he added, "This was a really tough decision for me. I love Facebook and have always had a great time there. And I'm still having a great time there. I'm thrilled about the company's future. But for me, it was just the right thing to do personally...

Author: /time Magazine | Title: Facebook Loses a Top Executive | 6/19/2008 | See Source »

...Insiders say that Cohler's move was precipitated by Facebook's recent hire of Sheryl Sandberg as chief operating officer. Sandberg, who in March defected from rival Google, where she built up the search giant's sales operation, is said to have great operational chops. That, observers say, created some overlap with Cohler, who was among the first five employees hired at Facebook - and founder Mark Zuckerberg's first "outside" executive - when he joined the start...

Author: /time Magazine | Title: Facebook Loses a Top Executive | 6/19/2008 | See Source »

...that the company is less concerned with competition and growing marketshare than it is with serving its existing users. "We're simply trying to follow through on feedback received from our users," he adds. As sites like Kijiji and Oodle gain traction, and even unlikely entrants like MySpace and Facebook join the fray with their own listings, more users may notice what they're missing - and demand an upgrade...

Author: /time Magazine | Title: Taking Aim at Craigslist | 6/18/2008 | See Source »

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