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Facebook board rejects proposals to curb Zuckerberg s power

MONEYWEB app instead? An expected though disappointing outcome for those worried about the CEOâs power. By Naomi Nix, Bloomberg 27 May 2021 08:11 Image: George Frey/Bloomberg Facebook rejected two proposals intended to diminish Chief Executive Officer Mark Zuckerbergâs control over the company, an expected though disappointing outcome for those worried about the CEOâs power. The board Wednesday turned down a proposal to replace Zuckerberg as chairman with an independent representative. Zuckerberg, who has served as chairman since 2012, controls about 58% of the voting shares, according to a regulatory filing. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

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Facebook, German publisher Axel Springer strike global cooperation deal

Facebook, German publisher Axel Springer strike global cooperation deal Reuters 2 hrs ago BERLIN, May 17 (Reuters) - Axel Springer and Facebook said on Monday that they had agreed on a global cooperation deal under which content from the German publisher will be featured on the social network and its Facebook News product. Popular Searches The agreement reels in the last big holdout in Germany after Facebook signed up a string of publishers in March to provide content for its local news product on terms the publisher of the Bild tabloid dismissed at the time as derisory. Mathias Doepfner, CEO of privately-held Axel Springer, described the cooperation deal as a strategic milestone for us as a publisher and for the industry as a whole .

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Facebook, German publisher Axel Springer strike global cooperation deal

Facebook, German publisher Axel Springer strike global cooperation deal
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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The Technology 202: The Facebook Oversight Board s punt increased cries for regulation

The Technology 202: The Facebook Oversight Board s punt increased cries for regulation
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Tech titans poised to reap long-term benefits of COVID-19 pandemic shifts

Shutdowns and quarantines changed how people shop, work, learn and interact Published: May 01, 2021 21:17 Bloomberg In earnings reports this week, Amazon.com Inc., Facebook Inc. and Google detailed the ways people have become more dependent on their offerings since shutdowns and quarantines changed how people shop, work, learn and interact - saying these trends could drive growth long-term. Picture for illustrative purposes only. Image Credit: Stock Image Scads of internet companies saw a boost in user attention - and the revenue that comes with it - during pandemic lockdowns that kept people at home and glued to their devices. But only the biggest ones are poised to reap the long-term benefit of changing consumer habits.

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