2008-10-3
Facebook Co-Founder Moskovitz Leaving Company
Dustin Moskovitz, co-founder of social-networking startup Facebook Inc., said Friday on his Facebook page that he will be leaving the company in about a month.
Mr. Moskovitz founded the social-networking Web site with Mark Zuckerberg, who is now Facebook’s chief executive, while they were both students at Harvard University several years ago.
Justin Rosenstein, a Facebook engineering manager, will also leave the company to join Mr. Moskovitz in starting a new software business. In a message left on Mr. Moskovitz’s Facebook page, the two said they have been working on software for business users and wanted to incorporate the software into Facebook.
“But at some point it became clear that doing so wouldn’t be good for Facebook or for us,” he wrote. Mr. Moskovitz wrote that he sees the new venture as complementary to Facebook.
Several other executives have left Facebook over the past 18 months, including Owen van Natta, who served as chief revenue officer and chief operations officer; Adam D’Angelo, its former chief technology officer; and Matt Cohler, vice president of product management.
The four-year-old Palo Alto, Calif., company is trying to grow from being just a destination where twentysomethings and college students can interact and keep tabs on each other into a profitable Internet company. The social networking Web site is currently valued at $15 billion.
“Dustin has always had Facebook’s best interest at heart and will always be someone I turn to for advice,” said Mr. Zuckerberg in a statement.
Write to Bobby White at bobby.white@wsj.com
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