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Zuckerberg Grilled At Angry Facebook Shareholder's Meeting (mercurynews.com)
An anonymous reader quotes the Mercury News' report on Facebook's annual shareholder's meeting:
On Thursday in Menlo Park, one investor compared the social network's poor stewardship of user data to a human rights violation. Another warned that scandal is not good for Facebook's bottom line. And one advised Chief Executive Officer Mark Zuckerberg to emulate George Washington, not Vladimir Putin, and avoid turning Facebook into a "corporate dictatorship." Facebook struggled to keep order, kicking one woman out of the meeting within the first few minutes for repeated interruptions. A plane zipped overhead pulling a banner that read "YOU BROKE DEMOCRACY" and advertising Freedom From Facebook, a group of privacy and anti-monopoly activists that are pressing the U.S. Federal Trade Commission to break up the company...
Zuckerberg repeated the same reassurances he used in front of U.S. and European lawmakers earlier this year: The company hasn't taken a broad enough view of its responsibility... "We're also very focused on being more transparent," Zuckerberg said, touting the fact that the company had just posted its policies on content moderation for the first time. Minutes earlier, the company announced that shareholder proposals for more transparency and oversight had failed, surprising no one. Zuckerberg controls the company through special stock that gives him more votes than other shareholders.
"Facebook said that just because the proposals were blocked, that didn't mean the company doesn't care about these issues."
Zuckerberg repeated the same reassurances he used in front of U.S. and European lawmakers earlier this year: The company hasn't taken a broad enough view of its responsibility... "We're also very focused on being more transparent," Zuckerberg said, touting the fact that the company had just posted its policies on content moderation for the first time. Minutes earlier, the company announced that shareholder proposals for more transparency and oversight had failed, surprising no one. Zuckerberg controls the company through special stock that gives him more votes than other shareholders.
"Facebook said that just because the proposals were blocked, that didn't mean the company doesn't care about these issues."
Micro-targeting of voters was used by Obama against Hillary. But when Trump does it, suddenly Facebook has overstepped. The solution is surely to restrict political advertising during elections. Other countries do this already.
By now, Cambridge Analytica must have had ten times the news coverage that PRISM did. It's amazing how much the MSM suddenly pretended to care about user privacy once they could loosely tie it to Trump and push a partisan political agenda, and make ever more excuses for their loser candidate.
FB has broken and tried to influence elections years ago in favor of Obama and tried to help in Clinton's favor. Sad they haven't been charged with letting Obama camp keep all that info they took in 2012.