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Facebook investors ask Zuckerberg to step down as chairman

This past weekend hasn’t been a good one for Facebook founder Mark Zuckerberg, with a recent investor call not going according to plan.

To that end investors have asked for Zuckerberg to resign as chairman of the social media company, akin to what Elon Musk had to do following his exploits on Twitter.

The reason why Facebook’s investors have called for Zuckerberg’s stepping down as chairman is less to do with CEO’s private behaviour and more with what the company is recently accused of having done.

More specifically reports suggest that Facebook hired a PR firm, Definers, which is said to be responsible for handling a smear campaign against George Soros, who is often linked to absurd conspiracy theories by right-wing organisations in the States.

“Facebook is behaving like it’s a special snowflake,” said Jonas Kron in a statement to The Telegraph. Kron is a SVP at Trillium Asset Management, which is a US investor which owns a stake in Facebook.

“It’s not. It is a company and companies need to have a separation of chair and CEO,” he added.

Whether Zuckerberg will indeed step down remains to be seen, with the pressure that he is currently facing for the Definers allegations likely playing a pivotal role.

That said, he has been quick to comment on the matter and has tried to distance Facebook as far away as possible from the Washington, DC-based PR firm.

“As soon as I learned about this, I talked to our team and we are no longer working with this firm,” Zuckeberg noted last week.

With Elon Musk having recently buckled under the pressure, perhaps Zuckerberg will have to do the same.

[Image – CC BY SA 2.0 Alessio Jacona]

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