Facebook Investors Say They Want Mark Zuckerberg To Resign

Shareholders and investors in the largest social media company in the world are not happy with the face of Facebook, Mark Zuckerberg. A new report even goes as far as to say that they are calling for Zuckerberg to resign. Jonas Kron, Senior Vice President at Trillium Asset Management which owns a substantial stake in Facebook said, "Facebook is behaving like it's a special snowflake. It's not. It is a company and companies need to have a separation of chair and CEO."

Investors are putting increasing pressure on the Chairman and CEO himself Mark Zuckerberg to step down after an explosive New York Times investigation exposed that the company hired a Republican-owned political consulting and PR firm that "dug up dirt on its competitors". Sounds a little bit like Cambridge Anaylitca.

Vice President at Trillium Asset management Jonas Kron called on Zuckerberg to resign as board chairman after the report surfaced. Kron added, "Facebook is behaving like it's a special snowflake. It's not. It is a company and companies need to have a separation of chair and CEO."

Related coverage: <a href="https://thegoldwater.com/news/42361-Facebook-Slammed-Over-Soros-Conspiracy-Smear-Campaign">Facebook Slammed Over Soros Conspiracy Smear Campaign</a>

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Zuckerberg reportedly told Facebook execs to use Android, not Apple, phones <a href="https://t.co/5DFSfQRgPw">https://t.co/5DFSfQRgPw</a> <a href="https://t.co/59W2iZfX2j">pic.twitter.com/59W2iZfX2j</a></p>&mdash; CNET (@CNET) <a href="https://twitter.com/CNET/status/1062986366714306561?ref_src=twsrc%5Etfw">November 15, 2018</a></blockquote>

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The report suggested Facebook hired Definers Public Affairs, a Washington, D.C.-based conservative firm which did PR work for Facebook "and dug up dirt on the company's competitors and its critics". Of course, Zuckerberg denied any knowledge about the firm in question during a press conference call. "After reading the article, I got on the phone with our team and we are no longer working with this firm," Zuckerberg added.

The firm Definers allegedly "encouraged the depiction of Facebook's critics as anti-Semites and had published news articles criticizing Facebook's competitors". Another shareholder in Facebook named Natasha Lamb from Arjuna Capital said the combined role of chairman and chief executive means "Facebook can avoid properly fixing problems inside the company". It sounds like Zuckerberg is spending more time purchasing multi-million dollar homes in Hawaii than running his own company.

TechCrunch said Definers was founded by a Republican campaign manager known for his ability to dig up dirt. The TechCrunch article referred to him as far from a normal, politically neutral contractor. The news is surprising considering Zuckerberg's commitment to showing his unwavering commitment to liberalism and the left.

Related coverage: <a href="https://thegoldwater.com/news/42552-Facebook-Scandals-Millions-Log-Off-Permanently-Stock-At-21-Month-Low">Facebook Scandals - Millions Log Off Permanently, Stock At 21-Month Low</a>

Facebook COO Sheryl Sandberg also issued a statement denying any knowledge of the firm. Facebook would only admit that it used the consultant Definers Public Affairs to look into "Freedom from Facebook" to show it was not only a grassroots campaign like it tried to pretend to be "but supported by a well-known critic of our company", including the liberal investor George Soros.

Facebook also said, "To suggest that this was an anti-Semitic attack is reprehensible and untrue." The company has continued to refute any allegation that it knew about Russian activity as early as Spring 2016 but was slow to investigate it. As the report from the New York Times came out, Facebook's stock fell 3 percent hitting a low of $139.53, the lowest its been in over a year and a half.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">“Mr. Zuckerberg made it clear that Facebook would not hesitate to fire employees who spoke to The New York Times or other publications. “ <a href="https://t.co/AFW5L1cUXl">https://t.co/AFW5L1cUXl</a></p>&mdash; Lisa Tozzi (@lisatozzi) <a href="https://twitter.com/lisatozzi/status/1064192656933294082?ref_src=twsrc%5Etfw">November 18, 2018</a></blockquote>

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The Times also reported that Zuckerberg threatened his employees saying, " Talk to any New York Times or other journalists, I won’t hesitate to fire you." Not a great look for the already waning future of Facebook's frontman. But what does he care, he's already worth billions of dollars?

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Source: https://www.ndtv.com/world-news/facebook-investors-want-ceo-mark-zuckerberg-to-resign-report-1948886