WebProNews

With everyone still on a “Facebook watch,” we bring you the latest piece of news: Gideon Yu has joined the social networking company as its chief financial officer.  Yu previously served as YouTube’s CFO.

That’s interesting.  After all, YouTube isn’t exactly an unsuccessful business (though it is swamped with lawsuits).  But what’s even more surprising is that Yu turned down a job offer with Sequoia Capital - an offer he’d already accepted, according to the Wall Street Journal - in order to join Facebook.

(Sequoia, by the way, is a venture capital firm that has given its support to companies like Apple, Cisco Systems, and Google.  It’s a bit behind the scenes, but it’s been extremely successful).

In a conversation with the Journal, Yu tried to explain his decision.  “My heart is first and foremost with venture-stage companies and consumer Internet companies,” he said.  Not to insult Yu - I don’t know the man, and would say the same about anybody - but one has to wonder where his wallet is.

In any case, the move has increased speculation that Facebook will undergo an acquisition or IPO.  That seems reasonable, seeing as how Yu guided YouTube through its joining with Google, but Mark Zuckerberg, Facebook’s CEO, has stated, “We’re not looking to sell the company, and we’re really not looking to IPO any time soon.”