GM and Peak Energy Partner to Advance Sodium-Ion Battery Technology for Grid Storage 
Trump Administration Defends Anthropic AI Restrictions in Ongoing Federal Lawsuit 
EngineAI Files for Hong Kong IPO Amid Rising Demand for AI and Robotics Stocks 
OpenAI May Slash AI Service Prices Amid Growing Rivalry With Anthropic 
OpenAI Eyes Massive 10GW Ohio Data Center Campus in Potential $500 Billion AI Infrastructure Deal 
SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion 
Woodside Energy Acquires PetroChina’s Browse Stake, Expands Position in Major Australian Gas Project 
Adobe Beats Q2 2026 Estimates, Raises Full-Year Outlook as AI Revenue Surges Despite Stock Drop 
oOh!media Takeover Battle Intensifies as Bain Capital Joins Competing Bids 
Sigma Healthcare Shares Slide Amid Preliminary Boots Acquisition Talks 
SK Hynix Stock Rebounds as AI Memory Chip Demand Fuels Expansion Plans 
Hanmi Semicon Shares Surge After $33 Million SpaceX Investment 
Honda Leadership Crisis Deepens as Retired Executives Challenge CEO Toshihiro Mibe’s Strategy 
Oracle Stock Falls Despite Earnings Beat as Company Plans $40 Billion Financing for FY2027 
BHP Port Hedland Workers Back Strike Action Amid Pay Dispute 
Wizz Air Beats Profit Forecast as Cost Controls Offset Industry Challenges 
Facebook will lose another executive before the end of this year begins. David Fischer, FB’s chief revenue officer, announced his decision to leave the company.
Fischer’s departure message
Fischer posted a message on his Facebook page to let everyone know about his plans. He also said that he is proud to be part of the company and wishes it will further achieve its goals.
“I want to share the news that I’ve decided to leave Facebook toward the end of this year,” he wrote on Facebook. “This has been the job of a lifetime and I am immensely proud of all that we have accomplished over the past eleven years, and am optimistic about the path the company is on.”
He went on to say that he will stay for a bit to “focus on advancing our mission and ensuring a smooth transition.” As for the reason why he is quitting, Fischer said that he wants to spend more time with his family and friends and this is his main goal today. He would like to travel once it is safe to do so and “then think about what challenges to take on next.”
As per Bloomberg, to find someone who will replace Fischer, Facebook’s spokeswoman said the company would look internally and externally to see who fits the bill. As of the moment, Fischer will remain in his office and help with the transition.
But there is another report that says Facebook will no longer fill up the chief revenue officer post. Rather, a chief business officer post will be created, and this will be the role that Fischer’s successor will assume. His work will also include the management of partnerships, and Fischer himself will head the search for the right person for this position.
About Fischer
David Fischer, as Facebook’s chief revenue officer, led Mark Zuckerberg’s company’s advertising business. He is also in charge of the worldwide sales organization. He has been working for the firm since 2010.
Before joining FB, he was part of Alphabet Inc.’s Google and worked there with Facebook’s current chief operating officer, Sheryl Sandberg. In the late 90s, the two were employed together in the U.S. Treasury Department under Bill Clinton’s administration.
