Meta Platforms’ Chief Revenue Officer Departs to Launch New Venture
Meta Platforms' Chief Revenue Officer John Hegeman is stepping down after 17 years with the company to establish his own startup. His responsibilities will transition to Andrew Bocking, a seasoned Meta executive. The MOVE coincides with broader leadership reshuffling as Meta accelerates its artificial intelligence initiatives.
Wall Street maintains a bullish stance on Meta's stock, with 42 analysts collectively rating it a Strong Buy. The average price target of $846.48 suggests nearly 43% upside potential from current levels.