"Facebook is being run like a "dictatorship." Its disclosures have been "inadequate." The scandals it's faced are "not good for the company's bottom line."
That's just a sampling of the statements investors made during a shareholder meeting Facebook held Thursday, marking the first time that co-founder and CEO Mark Zuckerberg has taken public questions from investors.
"If privacy is a human right -- as stated by Microsoft's CEO -- then we contend that Facebook's poor stewardship of user data is tantamount to a human rights violation," said Christine Jantz, chief investment officer at Facebook investor Northstar Asset Management, in a statement during the meeting.
Shareholders were expressing their frustration with the 34-year-old billionaire who has been scrambling to contain a string of scandals. The wave of unrest was touched off by revelations that profile data on as many as 87 million Facebook users was leaked to a Trump campaign-connected political consultancy called Cambridge Analytica. It's left the social network's reputation in tatters and Zuckerberg trying to fix it."
https://www.cnet.com/news/mark-zuckerberg-facebook-hammered-by-shareholders-over-scandals/
That's just a sampling of the statements investors made during a shareholder meeting Facebook held Thursday, marking the first time that co-founder and CEO Mark Zuckerberg has taken public questions from investors.
"If privacy is a human right -- as stated by Microsoft's CEO -- then we contend that Facebook's poor stewardship of user data is tantamount to a human rights violation," said Christine Jantz, chief investment officer at Facebook investor Northstar Asset Management, in a statement during the meeting.
Shareholders were expressing their frustration with the 34-year-old billionaire who has been scrambling to contain a string of scandals. The wave of unrest was touched off by revelations that profile data on as many as 87 million Facebook users was leaked to a Trump campaign-connected political consultancy called Cambridge Analytica. It's left the social network's reputation in tatters and Zuckerberg trying to fix it."
https://www.cnet.com/news/mark-zuckerberg-facebook-hammered-by-shareholders-over-scandals/