Facebook has been in news ever since its initial public offering a month ago. There were many employees at the company who became millionaires within minutes of the company going public. Now it seems that the Chief Technical Officer of Facebook, Bret Taylor is looking to cash in on that money by starting his own company with the help of a friend. On Friday he announced that he would be leaving the world's leading social network on his Facebook page.

This decision was well taken by the founder and chief executive officer of Facebook, Mark Zukerburg who said, “I've really enjoyed working with Bret and getting to know him as a friend and teammate. I'm grateful for all he has done for Facebook and I'm proud of what he and his teams have built”.

Taylor has been involved in a lot of projects within Facebook, and his biggest achievement can be cited as the "open graph". This tool helps third party websites and applications sync with the social network. However Taylor did not spill the beans on his new venture that he would be undertaking, all he said was that he would be starting a new company with a friend named Kevin Gibbs.