Tuesday, 26 June 2018

Facebook investors boasting $3 billion in shares want to topple 'robber baron' Mark Zuckerberg.

Facebook CEO Mark Zuckerberg.
David Ramos/Getty; Skye Gould/Business Insider
Facebook investors boasting nearly $3 billion (£2.3 billion) in shares are making moves to topple Mark Zuckerberg as chairman and tear apart his power base at the company.

Business Insider has spoken to six prominent shareholders who are growing increasingly restless about the way Facebook is run, and ever more vociferous in their demands for change.

All agreed that anger among investors has never been more pronounced since Facebook went public in 2012. They have watched in frustration as the firm has embroiled itself in a series of scandals, from election interference to the Cambridge Analytica data disaster.

By Jake Kanter.
Full story at Business Insider.

No comments:

Post a Comment