Facebook Investors Increase Pressure on CEO Mark …

Facebook Investors have increased pressure on the President and CEO Mark Zuckerberg to go down after a New York Times investigation He suggested that the social network hired a Republican political consultancy and a public relations firm that “dug up the dirt on its competitors.”

According to a report in The Guardian On Saturday, Jonas Kron, senior vice president of Trillium Asset Management, which owns a substantial stake in Facebook, “asked Zuckerberg to step down as chairman of the board in the wake of the report.”

“Facebook is behaving like a special snowflake. It is not. It is a company and companies need to have a separation between the president and the CEO,” Kron said.

Facebook CEO Mark Zuckerberg.

the New York Times The report suggested that Facebook hired Definers Public Affairs, a conservative Washington, DC-based firm that did public relations work for the social media giant “and dug up the company’s competitors and their critics.”

In a press call, Zuckerberg denied He had some prior knowledge of this firm.

“After reading the article, I spoke to our team on the phone and we are no longer working with this firm,” he said.

The Definers allegedly “encouraged the description of Facebook critics as anti-Semitic and had published news articles criticizing Facebook’s competitors.”

Another Facebook investor, Arjuna Capital’s Natasha Lamb, said the combined role of president and CEO means that “Facebook can avoid correcting problems within the company,” the report said.

According to TechCrunchFounded by a Republican campaign manager known for his prowess at digging the dirt, the Definitors are far from a normal, politically neutral contractor.

In a statement, Facebook COO Sheryl Sandberg also denied Any knowledge of the firm.

Facebook said it used consultant Definers Public Affairs to study funding for “Freedom from Facebook” to show that it was not simply a spontaneous-based campaign, as it claimed, “but was backed by a well-known critic of our company,” Presumably the liberal liberal George Soros.

“To suggest that this was an anti-Semitic attack is reprehensible and false,” the company added.

Facebook has also refuted the claim that it knew about the Russian activity in the spring of 2016, but was slow to investigate it throughout.

As a result of the report, Facebook shares fell 3 percent on Friday to $ 139.53, the lowest level since April 2017.