Indo-Asian News ServiceNovember 21, 2018 11:23 am IST
Despite mounting pressure from investors to step down from the Facebook presidency, the social media firm faces intense scrutiny. data scandalsMark Zuckerberg has said he has no plans to retire.
In an interview with CNN Late on Tuesday, he said this was not the time for him to step down, as Facebook shares ended at $ 132.43, down 40 percent from its peak in July.
“That’s not the plan. I’m not going to do this forever, but currently I don’t think that makes sense,” said the Facebook CEO.
The interview occurred after the New York Times Reported how Zuckerberg and COO Sheryl Sandberg “warning signs ignored“of the Cambridge Analytica scandal and hired a Republican-owned political consultancy and public relations firm to” dig up the dirt “from the competitors.
“I run the company. I am responsible for everything that happens here. I don’t think this point was about a specific PR firm; it is about how we act,” Zuckerberg said during the interview.
“Many of the criticisms about the bigger problems have been fair, but I think that if we are going to be real, there is also a bigger picture, and that is that we have a different vision of the world than some of the people who are covering us. “Zuckerberg said. CNN.
The times report also suggested that Facebook knew about Russian influence Activities on your platform as early as spring 2016.
Facebook hired a firm called Definers Public Affairs to retaliate or spread inflammatory information about its critics.
Elliot Schrage, Facebook’s outgoing head of public policy, has taken the blame for hiring the Definitors.
According to a note with TechCrunch, Schrage admitted that the company introduced negative narratives about competitors, but denies asking or paying Definitors to publish fake news.
Facebook did not confirm the note.
In the interview, Zuckerberg said there is no question that “we missed something really important” when it comes to Russian interference during the 2016 US elections.
“It was not something we expected. I wish we understood it before 2016, before the Russians tried to carry out these information operations in the first place,” he added.
Last week, Facebook investors increased pressure on Zuckerberg to step down as president.
According to a report in The GuardianJonas 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 following 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.
Another Facebook investor, Arjuna Capital’s Natasha Lamb, said the combined role of president and CEO means that “Facebook can avoid solving problems within the company.