FIRST AIRED: May 30, 2019

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 2

×

Transcript

00:00:00
this is a list of protesters brought a not so subtle message to Facebook's annual shareholder meeting on Thursday in Menlo Park California we had to deliver this angry emoji two months ago but because we can send a Facebook is out of control the social media giant is facing demands for reform at Thursday's meeting including proposals that call for revamping the company's voting structure in ousting CEO mark Zuckerberg as chairman but the measures have little chance of succeeding as a dual class share structure gives soccer Berg and other insiders control of about fifty eight percent of the votes Reuters correspondent Katie Paul is covering the meeting even though what's happening here today is largely symbolic it's still significant as a barometer of investor sentiment the last year %HESITATION outside shareholders they voted overwhelmingly for some of these proposals and so that was widely seen as a rebuke to %HESITATION Facebook's management Facebook has been under scrutiny from regulators and shareholders since it was revealed last year that data of some eighty seven million users have been shared with the now defunct political data firm Cambridge analytica it's also been criticized for not doing enough to clean up its platform and stop the spread of hate speech and misinformation just this week house speaker Nancy Pelosi blasted Facebook for keeping a doctor video of her on the platform I thought it was on waiting but clearly they willingly , were accomplices in enablers of false information to call because they saw the video is slowed down to make below sea appear less alert and we thought we had some level of agreement but you never know you never this president the Federal Trade Commission is said to be preparing the largest civil fine ever against an American company over Facebook alleged privacy violations Facebook recently announced it was setting aside up to five billion dollars to cover the cost of the fine