• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

2

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

2

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
NewslettersBroadsheet

Sheryl Sandberg, Fidji Simo, and the power of women at Facebook

By
Kristen Bellstrom
Kristen Bellstrom
and
Emma Hinchliffe
Emma Hinchliffe
Down Arrow Button Icon
By
Kristen Bellstrom
Kristen Bellstrom
and
Emma Hinchliffe
Emma Hinchliffe
Down Arrow Button Icon
July 9, 2021, 9:08 AM ET
Facebook COO Sheryl Sandberg with CEO Mark Zuckerberg.
Facebook COO Sheryl Sandberg with CEO Mark Zuckerberg.Kevin Dietsch—Getty Images
Add Fortune on Google for similar content.

Good morning, Broadsheet readers! Shonda Rhimes inks an even bigger deal with Netflix, SoftBank invests in Clear Finance, and the women of Facebook have a big news day. Have a relaxing weekend!

– Unfriended? According to the New York Times—and, apparently, a forthcoming book on the subject—the Facebook dream team of CEO Mark Zuckerberg and COO Sheryl Sandberg is no longer quite so dreamy.

Sandberg has long been thought of as the yin to Zuckerberg’s yang; one of the few people able to reliably influence the founder/CEO’s thinking and decision making. But according to the NYT, that power is now on the wane. “The view from inside the upper echelons of the company was clear: It felt as though Facebook was no longer led by a No. 1 and No. 2, but a No. 1 and many,” reports the Times.

The cause of the rift? The Trump administration. The NYT says that Sandberg’s political savvy was one of the qualities that made her so vital to Facebook. But when the Trump presidency upended Washington norms, it also crimped Sandberg’s ability to navigate the political realm. So, Zuckerberg, it seems, stepped into that role himself. The story suggests that Sandberg disagreed with some of the more controversial calls her boss made about how to address (or, perhaps, ignore) the spread of misinformation on the platform. Yet rather than confronting those issues, she seems to have washed her hands of them, choosing to focus on company’s booming ad business instead.  

Facebook disputes the idea that Sandberg and Zuckerberg’s relationship has changed, telling the NYT: “The fault lines that the authors depict between Mark and Sheryl and the people who work with them do not exist… Sheryl’s role at the company has not changed.”

Also yesterday, Instacart announced that it has hired Facebook exec Fidji Simo, the rising star who leads the social media giant’s app (and recent MPW Next Gen speaker), as its new CEO. Simo, who joined the Instacart board in January, will take the reins as the food delivery startup approaches a possible IPO. (Emma has more on Simo and Instacart here.)

With Simo’s departure, all of Facebook’s highest ranking product execs will be men. The news also comes just a month after former ad chief Carolyn Everson left after a decade-long run. (Her interim replacement is Nicola Mendelsohn, head of EMEA for the global business group). If Sandberg has indeed lost some of her sway at Facebook, it seems that we are seeing a cumulative decline in the influence held by women at the company, which—like it or not—is one of the most powerful organizations in the world.

Kristen Bellstrom
kristen.bellstrom@fortune.com
@kayelbee

The Broadsheet, Fortune’s newsletter for and about the world’s most powerful women, is coauthored by Kristen Bellstrom, Emma Hinchliffe, and Claire Zillman. Today’s edition was curated by Emma Hinchliffe. 

ALSO IN THE HEADLINES

- Onscreen and off. Shonda Rhimes's major deal with Netflix just got bigger. After the success of Bridgerton, the streaming service has extended the producer's deal beyond TV into "film, gaming, merchandise, virtual reality and live events." Netflix chief content officer Ted Sarandos says he wants her "to think of Netflix as the biggest canvas possible to create on." Wall Street Journal

- SPAC attack. Athena Technology is a rare blank-check company led by women; CEO Phyllis Newhouse and venture capitalist Isabelle Freidheim are running the vehicle. Now it's taking public the solar power business Heliogen, valuing the company at $2 billion. Wall Street Journal

- $80 million and thriving. Arianna Huffington's wellness business Thrive Global raised $80 million in funding, valuing the company at $700 million. The Huffington Post founder says Thrive is "definitely" open to being acquired. Bloomberg

- Loud and clear. SoftBank's latest investment is $215 million in Clear Finance, a Canadian startup that provides funding to businesses in exchange for revenue-sharing agreements—billing itself as an alternative to taking venture capital money. The company is led by president Michele Romanow. Bloomberg

MOVERS AND SHAKERS: IDEO named Detria Williamson CMO. Shirley Proctor Puller Foundation CEO Bridgette Heller, Vista Equity Partners general counsel Christina Lema, and Jamf CFO Jill Putman join the board of Integral Ad Science. StyleSeat hired Textio's KC Jorgensen as chief people officer. Calvert Impact Capital CEO Jenn Pryce joins the board of UNICEF USA's impact investing arm, the Impact Fund for Children. Katherine Hou, a former forensic accountant for the FBI, joins crypto anti-money laundering and investigation software TRM Labs as senior financial intelligence investigator. 

IN CASE YOU MISSED IT

- Naomi's perspective. Naomi Osaka wrote an essay explaining why she first decided to skip press conferences and then dropped out entirely from the French Open this year. The tennis star says she grouped press conferences and her own mental health together in her mind—but is separating the two issues now to make things clear. "I felt under a great amount of pressure to disclose my symptoms," she writes, "frankly because the press and the tournament did not believe me." Time

- Jab gender gap. There's a vaccine gender gap emerging in India, where sexism and misinformation—especially about fertility and menstrual cycles—are preventing women from getting their dose. Seventeen percent more men than women have received a shot, according to government data. Slate

- 'The horror of an unwanted conservatorship.' Guardianships and conservatorships are in the news as Britney Spears fights hers, but she's not the only one under such an arrangement. In this story, three people share what it was like living under an unwanted conservatorship—and how hard it was to get out. Vice

ON MY RADAR

Bill Cosby is already reportedly planning his comeback tour The Cut

House Speaker Nancy Pelosi’s husband cashed in on Big Tech just as Congress was set to pounce Fortune

How the sports world failed when three Black women needed help The 19th*

PARTING WORDS

"It makes me a better athlete, having that time away and doing things to help other people that aren’t about me."

-Rachael Lynch, an Australian field hockey goalkeeper set to compete at the Tokyo Olympics. She's also a registered nurse who worked on COVID testing through the pandemic. 

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.

About the Authors
Kristen Bellstrom
By Kristen Bellstrom
See full bioRight Arrow Button Icon
Emma Hinchliffe
By Emma HinchliffeMost Powerful Women Editor
LinkedIn iconTwitter icon

Emma Hinchliffe is Fortune’s Most Powerful Women editor, overseeing editorial for the longstanding franchise. As a senior writer at Fortune, Emma has covered women in business and gender-lens news across business, politics, and culture. She is the lead author of the Most Powerful Women Daily newsletter (formerly the Broadsheet), Fortune’s daily missive for and about the women leading the business world.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Newsletters

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Newsletters

Kim Ng broke barriers in baseball. Now she’s giving pro softball its biggest stage yet
NewslettersMPW Daily
Kim Ng broke barriers in baseball. Now she’s giving pro softball its biggest stage yet
By Emma HinchliffeJuly 24, 2026
3 hours ago
Inside Larry Culp’s playbook for fixing GE
NewslettersCFO Daily
Inside Larry Culp’s playbook for fixing GE
By Sheryl EstradaJuly 24, 2026
8 hours ago
Three people sitting on stairs
Startups & VentureTerm Sheet
Neo raises $100 million to hunt the zombie AI agents haunting your company
By Amanda GerutJuly 24, 2026
8 hours ago
U.S. Rep. Ted Lieu (D-CA) during the Democratic National Convention on August 22, 2024 in Chicago, Illinois. (Photo: Justin Sullivan/Getty Images)
NewslettersFortune Tech
An ‘AI Kill Switch Act,’ engaged
By Andrew NuscaJuly 24, 2026
8 hours ago
Photo: President Trump.
NewslettersMarkets
Trump weighs ‘massive attack’ on Iran as Tehran’s chokehold on oil gets tighter
By Jim EdwardsJuly 24, 2026
9 hours ago
From near-collapse to $689 billion: Inside Larry Culp’s turnaround of GE
NewslettersCEO Daily
From near-collapse to $689 billion: Inside Larry Culp’s turnaround of GE
By Shawn TullyJuly 24, 2026
10 hours ago

Most Popular

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
Big Tech
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
By Sydney LakeJuly 23, 2026
2 days ago
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Economy
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
12 hours ago
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Economy
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
By Sasha RogelbergJuly 23, 2026
1 day ago
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
2 days ago
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
Personal Finance
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
By Joshua HongJuly 23, 2026
2 days ago
Current price of oil as of July 23, 2026
Personal Finance
Current price of oil as of July 23, 2026
By Joseph HostetlerJuly 23, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.