Meta is reeling from a string of scandals and setbacks – and the buck stops with Mark Zuckerberg.
Failing leadership, lying to Congress and advertisers, and ducking responsibility for the serious harms Meta is inflicting on communities is beginning to take a toll on the company and costing shareholders.
- A single-day valuation loss of more than $230 billion.
- A $5 billion fine over privacy violations from Cambridge Analytica.
- 11 complaints to the U.S. Securities and Exchange Commission in filings from whistleblower Frances Haugen
- A string of lawsuits accusing Meta of breaking US regulations and insider trading.
Mark Zuckerberg’s leadership is costing us all.
When will there be accountability? How many more people need to be harmed before Mark Zuckerberg…listens?
#MAKEMARKLISTEN ENDORSED BY:
(Click on organization to see individual statements)
ADL - the Anti-Defamation League
Alliance to Counter Crime Online
American Federation of Teachers
Center for Countering Digital Hate
Change the Terms
Color of Change
Committee to Protect Health Care
Data Driven Community COVID-19 Response
Defenders of Democracy Against Disinformation
Doctors for America
Doctors in Politics
Friends of the Earth
Global Project Against Hate and Extremism
In Phase Neuro PLLC
Je Suis Là
NARAL Pro-Choice America
National Education Association
National Hispanic Media Coalition
Ranking Digital Rights
Tech Oversight Project
Tech Transparency Project
United Church of Christ Media Justice Ministry
FURTHER INFORMATION ON PROPOSALS:
Proposal 9 calls on Meta (Facebook) to provide an independent report to shareholders on the potential harms to users that may be caused by the use and abuse of the planned metaverse platform and whether they can be mitigated. Following the report, shareholders will have an opportunity to vote, expressing non-binding advisory approval or disapproval of the metaverse project.
Proposal 14 requests the Board of Directors to commission an independent assessment of the Audit and Risk Oversight Committee’s capacities and performance in overseeing company risks to public safety and the public interest and in supporting strategic risk oversight on these issues by the full board.
Proposal 4 calls on Meta (Facebook) to give all shareholders an equal vote. The current “dual share” plan makes Mark’s votes count ten times yours. In 2021, almost 90% of independent shareholders voted FOR this change.
Proposal 5 asks Meta’s Board of Directors to require an independent Chair of the Board in place of the current plan where Mark is not only the company CEO but also the Chair who oversees his management. Independent Chairs are supported by good governance organizations and received 52% of the independent vote last year,