U.S. District Judge Vince Chhabria moved to discovery a class-action damages suit against Facebook by users claiming their privacy was mined through “friends.”
Facebook’s 2019 Annual Stockholder Meeting was supposed to be a victory lap for cofounder and CEO Mark Zuckerberg after the world’s top social media company beat Wall Street estimates for revenue, operating earnings, monthly active users, average user revenue, and ‘Stories’ feature use on all its platforms.
But as shareholders arrived in Menlo Park on May 30, Silicon Beat reported that “Fire Zuckerberg” was projected on a nearby wall of the Hotel Nia and a plane overhead was pulling a banner demanding: “Break up Facebook, Save Silicon Valley.”
Once inside, shareholders were offered proxies with eight dissident shareholder proposals seeking to punish Facebook after numerous scandals by seeking to force the appointment of an independent chairman, or prevent the renomination of Zuckerberg and Chief Operating Officer Sheryl Sandberg.
Read the full story from American Thinker
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