Yahoo Canada's leader ditches company to work for Facebook

by Knowlton Thomas

Yahoo, the internet pioneer turned semi-relevant web portal, has lost its Canadian vice president and country manager to the newer, trendier, booming social network Facebook.

Matti Idema has left Yahoo for Facebook and will be replaced by Michel Potti, according to the Financial Post.

While Matt left Yahoo by choice, some have left by force: Yahoo has laid off more than 700 employees in the past three months in an extreme effort to control costs that haven't been aligning well with stagnant revenues and a drab stock outlook.

Yahoo! Inc
Sunnyvale, California, United States

Founded in 1994 by Stanford Ph.D. students David Filo and Jerry Yang, Yahoo! began as a hobby and has evolved into a leading global brand that has changed the way people communicate with each other, conduct transactions and access, share, and create information. Today, led by an executive team that includes CEO and Chief Yahoo Jerry Yang, President Susan Decker, Chief Financial Officer Blake... more

Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes and author of Tempest Bound. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys hiking, tennis, and martial arts. more

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