BERKELEY, CA—DEC. 13, 2019—Shareholder advocacy non-profit As You Sow filed a comprehensive shareholder resolution today with Facebook, asking the social media giant to #RebootFacebook to bring decency, democracy, and disclosure back to the brand and all of its customers and shareowners.
Investors are gravely concerned over Facebook’s governance, which has allowed Russian bots to influence the 2016 U.S. elections, Myanmar military personnel to incite genocide, 45 million images of child pornography and torture to be released on the web, and hate speech, anti-immigrant violence, and purchasing of weapons to proliferate. Even Facebook’s employees are calling for change.
“Facebook has lost its way,” said As You Sow CEO Andrew Behar. “It’s time for a reboot, a fresh start, in which Facebook management and board voluntarily clean up the policies that allow destructive and immoral practices to thrive; replacing them with a set of self-regulating standards that preserve our democracy and reweave our social fabric.”
Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, co