FACEBOOK PRIVACY SCANDAL: Investor Wants Zuckerberg To Resign From Board
One of Facebook’s top investors want the Founder and CEO, Mark Zuckerberg to quit from the board of Facebook.
The investor, Scott Stringer, said Zuckerberg’s resignation from Facebook board would help protect user privacy.
Stringer oversees New York City’s pension fund investments with an almost $1 billion stake in the social media platform.
The financial officer said an independent chairman for the board was needed to ensure privacy safeguards after revelations that data was harvested from more than 50 million Facebook accounts by Cambridge Analytica.
Earlier, the Facebook CEO had defended his leadership following criticism from Apple’s boss, Tim Cook.
Mark Zuckerberg said that Cook’s suggestion that his company did not care about users was “extremely glib".
Cook had criticised Facebook last week in the aftermath of the Cambridge Analytica scandal, saying it was an “invasion of privacy” to traffic the personal data of users.
When asked what he would do if he were Zuckerberg, Cook said he “wouldn’t be in that situation.”
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