A group of Meta want more checks on Mark Zuckerberg’s power. A group of angry shareholders say Mark Zuckerberg’s weak leadership has sent Meta’s stock tumbling 34% this year — and they plan to push for checks on the CEO’s power, The Post has learned.
Concerned investors are pushing two resolutions at the social media titan’s upcoming shareholder meeting they say would provide badly needed oversight of Facebook, Instagram and the potential “dystopian downsides” of Mark Zuckerberg’s metaverse project.
In an effort to drum up support, a corporate accountability group called SumOfUs that’s working with activist investors is sending a report to more than 4,000 institutional investors with stakes in the company — among them Vanguard, Fidelity and BlackRock.
The scathing report, which was exclusively obtained by The Post, describes three crises “engulfing” Zuckerberg’s company: privacy restrictions by Google and Apple that have bruised Meta’s advertising business , the storm of antitrust lawsuits and bills targeting Meta and other big tech firms, as well as allegations that Zuckerberg has lied to investors and lawmakers about Instagram’s harmful effects on teens .
The group places blame for these crises squarely on Zuckerberg, who they say has failed to prove that his recent embrace of the metaverse is anything more than a “rushed attempt to divert attention from fundamental issues with Meta’s core business.”
Christina O’Connell, SumOfUs’s shareholder engagement advisor, told The Post that Meta’s plummeting stock price should wake up investors. Shareholders are worried about “dystopian downsides” to Mark Zuckerberg’s metaverse pet project. “When you see a loss of over $230 billion in February , that shakes up everybody, and that should be a sign that it’s time for change,” O’Connell said.
The first resolution, which SumOfUs is pushing alongside shareholders Harrington Investments and the Park Foundation, calls for an outside assessment of Meta’s Audit and […]
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We just launched a new GiveSendGo page. We also have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!