![]() ![]() ![]() The all-stock deal was valued at $1.76bn by the time the transaction closed.Īlthough Google was initially derided for paying so much for a video service whose future appeared to be in doubt, it turned out to be a bargain. Wojcicki’s departure comes at a time when YouTube is facing one of its most challenging periods since Google bought what was then a quirky video site facing widespread complaints about copyright infringement in 2006 for an announced price of $1.65bn. Twitter CEO Parag Agrawal was also ousted in 2022 as part of the company’s acquisition by billionaire Elon Musk. Wojcicki is the latest in a series of high-profile tech executives to bow out from their posts, with Jeff Bezos resigning as CEO of Amazon in 2021, Facebook’s Sheryl Sandberg stepping down in 2022 and Pinterest CEO Ben Silbermann leaving his position also in 2022. She said she would stay with YouTube temporarily to aid in the transition of leadership, and in the longer term has agreed with CEO Sundar Pichai to take an advisory role across Google and Alphabet, offering “counsel and guidance”. “It would be one of the best decisions of my life,” Wojcicki wrote in the announcement of her departure. Page and Brin – both 25 at the time – continued to refine their search engine in Wojcicki’s garage for five months before moving Google into a more formal office and later persuaded their former landlord to come work for their company. Shortly after Google co-founders Larry Page and Sergey Brin incorporated their search engine into a business in 1998, Wojcicki rented the garage of her Menlo Park, California, home to them for $1,700 a month. “Today, after nearly 25 years here, I’ve decided to step back from my role as the head of YouTube and start a new chapter focused on my family, health and personal projects I’m passionate about,” said Wojcicki.Īlthough she became one of the most respected female executives in the male-dominated tech industry, Wojcicki will also be remembered as Google’s first landlord. ![]()
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