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Facebook’s Sheryl Sandberg and Twitter’s Jack Dorsey Will Exit Disney’s Board [Fortune]

FACEBOOK (FB)  More Company Research Source: Fortune
Last facebook earnings: 4/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
PDF Facebook chief operating officer Sheryl Sandberg and Jack Dorsey, CEO of both Twitter and digital payments firm Square, are leaving Walt Disney’s board, according to a regulatory filing on Friday. “Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly difficult for them to avoid conflicts relating to board matters,” a Disney spokesperson told Fortune in an email. Sandberg and Dorsey’s departures from Disney’s board comes at a time when both Facebook (fb) and Twitter (twtr) have been emphasizing video on their social networking and messaging services, territory in which Disney is a prime player. Twitter, for example, has been signing deals with the NFL and MLB, among other sports leagues, to livestream certain games. Meanwhile, Facebook has also been pushing video including debuting its Watch feature in August that is intended to stream original programming created by users and celebrities. At the time [Read more]

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