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The dollar value of the loss was the largest ever recorded by a publicly traded company in the United States. 19659003] Investors lashed out at the title after digesting the company's weak financial forecasts and the mediocre Q2 figures released after the closing bell yesterday.
Another irritant is the perception that executives were less than individual during a conference call yesterday. quarterly results. There has been a series of scandals and mishaps involving customer data and content control on the platform, which has been hotly criticized. Founder and CEO Mark Zuckerberg made an apology tour and testified before Congress and the UK Parliament on business practices.
Wall Street has however largely gone problems, preferring to focus on the appetite for growth of the company. Financial figures were lower than estimates, resulting in a series of profit taking
An active investment company, Trillium Asset Management, requested that Zuckerberg be replaced as chairman of the board of directors. administration and replaced by an independent director.
Zuckerberg controls approximately 60% of Facebook's voting shares, so the proposed change would only represent a limited control of his power, notes Trillium in a new shareholder proposal tabled on June 29 and which will be voted during the 2019 fiscal year "We believe that this lack of independent chairman and oversight of the board of directors has ensured that Facebook has missed or dealt with a number of serious controversies, which has increased risk exposure and costs for shareholders, "says Trillium. under severe control for his surrender of the Cambridge Analytica privacy scandal and criticism of its content policies, particularly in places like Sri Lanka and Myanmar, where media badyst Michael Nathanson has evoked the possibility that Facebook is engaging in "a very public self-immolation" to stave off regulation, both in the media and in the media. In the United States and Europe, which has just imposed new, stricter rules on the protection of privacy.
"While Facebook was warning of a slowdown in advertising for a year and a half, revenue growth has been boosted by ROI We believe this continues over time," Nathanson wrote in a statement. morning badyst's note. "Call us cynical, the rejection that GDPR can be blamed for slower growth can be seen in Brussels as a sign that their work is done."
Nathanson also voiced his concerns about the upcoming act of Facebook. platform and Instagram are fully built.
However, there are still many bulls. Rich Greenfield, a BTIG badyst, published a report titled "Facebook's death was very exaggerated (by Facebook)." In this paper, he claims that the company plays essentially the possum and should not be underestimated by rivals of traditional media. "We are happy to inform former media officials that they should not rejoice – they should be scared, very afraid," he writes. "Facebook is actively choosing to make less money, privatizing short-term monetization to boost engagement at even higher levels in order to capture even more time and attention from its 2.5 billion monthly users. "
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