Handling protests breaking out across the nation. Lets get straight to Julia Boorstin with the very latest. Julia. Melissa, Mark Zuckerberg did defend himself and his stance in that meeting with facebook employees. Facebook just issuing a statement moments ago saying open and honest discussion has always been part of facebooks culture. Mark had an open discussion with employees today, as he has regularly over the years hes grateful for their feedback the New York Times reporting that zuckerberg said in this meeting that of the decision not to flag President Trumps post, quote, when the looting starts, the shooting starts is what he called a tough decision but that it was pretty thorough zuckerberg reportedly saying that the companys free speech policies show that the right action where we are right now is to leave this up zuckerberg reportedly saying in this meeting with employees that he knew this decision was going to lead to people within the company being upset as well as to criticism from the media. Zuckerbergs decision to leave up that post from the president and not to flag it did prompt a digital walkout of hundreds of employees yesterday. Sources tell me that some of those employees are working on a list of specific demands for facebook management. Last night an engineer posted on linkedin that he has submitted his resignation to facebook. He writes, quote, i cannot stand by facebooks continued refusal to act on the president s bigoted messages aimed at radicalizing the American Public last night zuckerberg and Sheryl Sandberg spoke with leaders of three civil rights groups. They said after the meeting they were, quote, disappointed and stunned by zuckerberg and sandbergs explanations. Zuckerberg and facebook saying they were grateful for the opportunity to continue the dialogue with these organizations. Guys, back over to you. Julia, thank you. Julia boorstin so basically Mark Zuckerberg has pleased no one, karen. But as a shareholder, are you pleased . Well, im pleased with how the stock has traded this year and how well they have done. Hes in a really tough spot. And now at this point he will continue to displease everyone, no matter what he does i dont know what i mean, you know, i guess were going to have to see what businesses actually weve seen just a tiny bit of it, how do businesses react, and is he weighing in his mind what business does he lose by keeping this stance versus what business will he lose by changing this stance and also wanting to keep important employees. So its a very fine line im staying long the stock i believe in the story but im not sure the way out for him right now. The calculus of Mark Zuckerberg right now, guy, i would imagine is very complicated because not only is he weighing what karen outlined but also probably thinking about protection under section 230 of the Communications Decency act hes also thinking perhaps about being a target of a doj investigation that is ongoing at this point that has not gone away he has managed to have a phone call with the president , which in that particular effort cant hurt him yeah. And to karens point, and this is the point i was going to make, he loses no matter what he does if he censors the president , hes going to get crushed. If he does the current if he takes the course that hes taking now, hes getting crushed. The winner here is the president. If the president against censored he has absolute ammunition if he doesnt, he has a platform so winwin for the president loselose for Mark Zuckerberg. But since the bible seems to be all the rage ill throw out luke 12 48. But to whom much is given, much is required. Hes been entrusted request quite a lot. Hes got to go to bed with the decisions he makes this isnt a political show, its a stock show. Despite everything thats going on the stock has traded like a champ. To karens point, youve got to still stay long the name unless you start to see advertisers start to balk. We havent seen that yet so ill use that as my caveat. Until you see that, you stay with the name. I will go to the sunday schoolteacher since we brought up luke. Advertisers but also User Engagement those two things go hand in hand could this, and i hate to say, could this be different this time around, but in terms of how widespread these protests are. The chord that it seems to have struck with Corporate America, could this incident be a little bit different for facebook to navigate Corporate America is trying to figure out their stance on this as well karen brings up the interesting point. From this perspective, whether youre doing something tactically to align yourself with the most amount of people and businesses and whats right for the share price and ultimately profitability versus just whats right, what the moral high ground is of course the arbiter of truth, right . This is this phrase that we keep coming up with and is facebook supposed to be the arbiter of truth when in fact truth has different flavors. So i think this is really the debate the stock has been in beast mode and thats not a religious term, thats a football term probably. Its a term that is almost hard to imagine facebook would be in, considering where facebook has been in when its been in this kind of spotlight except for the fact that at this point it seems to be on the side of the government and thats not their view on where they are thats just the stance that they have taken but as guy pointed out, it happens to be supportive of this administration and based upon what the stock is doing, it seems to me that the stock is almost rerating based upon that. Think about what weve had in the last month from facebook we had the announcement of the facebook shops platform, which is essentially they claim to have 160 million small, mediumsized businesses, smbs on their platform, that could be setting up essentially a store front online, which is something that will give a lot of these closed down or at least businesses that have been shuttered a tremendous opportunity and is also a way for them to be getting involved in commerce and improving upon just this advertising story. So remember, that was the big news three weeks ago that was a very important driver for the stock. I think it remains an important driver for rerating. So in the game of would you rather, dan, between facebook and twitter, does it factor in the stance that facebook and twitter are taking, the differing stances that they are taking with regards to flagging certain kinds of tweets . Yeah, i mean it does. Jack dorsey has proven that hes willing to stand up for a certain set of ideals and these are going to be on the right side of history and Mark Zuckerberg is likely to go down in history as just on the wrong side of it and when you think about 3 billion monthly active users that they have, you have to ask yourself a question. Is this platform a source for good or a source for evil and really over the last few years, i think its demonstrated the fact that its really not doing a whole heck of a lot for humanity weve had a lot of guests on cnbc who have a lot to say on that so to me i applaud jack dorsey i think some of the steps that they are taking, they are trying to safeguard their platform from being coopted the last Time Facebook was faced with this sort of challenge after the 2016 election, i think its pretty fair to say that Mark Zuckerberg laid a massive egg. Sheryl sandberg, who was supposed to be the adult in the room also did. Where has she been over the last couple of years . Mark zuckerberg went in front of congress and it was an embarrassment. So, you know, at the end of the day you talk about calculus. The calculus is that Mark Zuckerberg and his cronies have 70 of the Voting Rights and they can do whatever they want then you think about everything that all the other guys just said about this as an investable stock. Of course it is, its very cheap. Its an absolute advertising machine. But at some point i think a lot of brands, especially if 2020 goes wrong, and you know what, you say to yourself how much worse can it go . It really feels at least as far as the president is concerned that its going to get a lot more tense over the course of the summer and into the fall i see every opportunity for Mark Zuckerberg just to trip all over himself. I just dont see this as the sort of thing that a lot of brands are going to want to be associated with coming out of 2020. So it is going to be a problem from the investors standpoint joining us on the phone is kara swisher. Its always great to get your take thanks for joining us. Hi, thank you for having me you know, dan had brought up a very good point, an interesting one, in terms of facebook being, and i dont want to put words in his mouth, but basically the devils spawn. From an investor standpoint, though, maybe that doesnt matter for now as long as advertisers and users continue to use this platform do you think eventually that it catches up with either parts of the equation i think it always catches up. But right now they can be as fickle as they want because their stock is up and so they get this pass. This ability to say its okay because of the because they really are the only game in town and so they decided because theres a lot of legislation coming, possibly agentitrust action, to sidle up to the government but as mark has seen, he can violate rules and get away with it this is just a song that i keep singing and telling people and theyre surprised that he does the same thing over and over again, but this is a pattern of Mark Zuckerberg from the earliest days. He has complete control of his company. Its not mark and his minions, its just mark you know, hes not thinking of anything like what the right thing for history. He doesnt he has a passing knowledge of the First Amendment from ive seen him speak about it and find it disturbingly naive. But at the same time hes made a decision, and his decision is the rule of law at facebook. Therefore, thats what theyre going to do. Do you think that the employee, the internal sort of revolt or internal concerns that this is sparking, does this catch up to facebook as a company in terms of attracting talent or does that problem largely dissipate over time as facebook employs people across the country with its new workfromhome policy . You know, i dont know, because facebook has been facebook employees have been among the most docile in going along with this of any in Silicon Valley theres always been hubbub inside google, same thing at twitter and a lot of the companies. This company you hardly hear a peep from their employees in terms of these issues, lots of issues, whenever something comes up, social issues. Im surprised that even a few people have complained i hope it continues. I think it will have zero effect im perplexed that Sheryl Sandberg has said nothing, has been a nonvoice here, a public voice, but i think they decided to put mark out front. I think he wants to be out front of this. They have tried with his content board which would never decide things like this its only stuff that has been taken down there, not stuff that should be taken down so they tried all kinds of things i think they are going to do exactly what theyre going to do and this decision by mark should come as no surprise to anybody kara, its always great having you on, thanks for being here. Thanks. At what point, if any, is it incumbent upon the end user to make his or her own decision to delete the app or to push back i understand what youre saying about mark i think it is what it is with mr. Zuckerberg but the other side of that equation is the people have the power at a certain point, no absolutely, thats exactly right. The people can decide whether to use these products i know my own kids dont want to use it and this is part of the reason theyre totally disappointed by these decisions but my kids dont represent everybody. Some people find it really useful you know, Mark Zuckerberg is going to continue to be what i call him on twitter, the Susan Collins of the internet. Thats what hes going to be hes going to be disappointed and concerned but do exactly nothing about this and continue to let President Trump do what he wants i think you were right, you were all right in saying theres no lose for the president because if he gets kicked off or sidelined, he can complain to his base if he doesnt if nothing happens, he wins its just its just its a really perplexing situation and something this company and other companies in social media should have faced a long time ago, especially with regards to President Trump. Hes like a they gave sugar to him like a child they gave shirg sugar to him and they wonder why hes diabetic and screaming. This is what you get when you allow someone access to your platform and have no rules whatever side were on on this, were here because this is the way they made it. If facebook loses out or facebook loses some advertisers, whatever, if this whole issue catches up with that company, does twitter gain an edge . No, not necessarily i think it would be interesting if twitter went to a subscription model professor galloway talked about that they have nothing to lose. The two big players are facebook and google and theyre carving it up for themselves so twitter really is in a unique position would people pay for a subscription you know, theres all kinds of things twitter thats why twitter has cut off political advertising. It also wasnt much of a lift. Although i admire what they did, it wasnt much of a lift because it wasnt much of a business advertising really isnt the point. Political advertising isnt really where the game is, its political content that gets thrown over the whole place and a lot of it is disinformation thats allowed to thrive on platforms like facebook. So, no, i dont think they gain from it because they dont have the same product facebook has kind of got a lock on a lot of this stuff i think theyre angling not to be controlled in any way by the government if this administration wins, they certainly will reward facebook by leaving them out of whats going to be possible, you know, purge of the social media companies. Kara, thanks so much for joining us we do appreciate it. All right thanks very much. Kara swisher, always good to get her opinion on things. Karen finerman, what did you make of what kara had to say and the notion that because facebook has such a lock, i mean it may not really make a difference in the end to its competitors i think, do you remember cambridge an lcame Cambridge Analytica was such a giant. Kara has been saying this for a long, long time that zuckerberg is going to do whatever he wants and he can, not just because of his voting but because of the power of the platform. It makes me wonder, if profitability and share price were to go down a lot, would that make him change his tune, or hes just sticking by it . I dont know all that having been said, im sort of detached investor and still think the platform is incredibly powerful and i dont think the stock is expensive so im staying long. Tim well, at 8 a share on expected 2020 you know, if you put a 30 multiple on it, everyone can do that math. Stock is not expensive relative to itself it is, but not relative to the size of the platform and the ability to monetize and again, the undermonetized assets in whatsapp, messenger and instagram. These are the things were not talking about and things that give this company more upside. I have become more constructive on where this stock can trade obviously over the last month or so as ive seen the combination of the management has made the choice as weve just discussed, i wont go back into that that is probably constructive for the share price. Its an apolitical comment i hope it is something weve seen in the past and completely opposite of what they were doing four years ago. Weve got a news alert out of amazon deirdre bosa has the story hey, melissa. Amazon is planning a summer sale event for june 22nd designed to provide a boost for sellers that have been feeling the impacts of the covid pandemic in a document send to brands and viewed by cnbc, amazon says that the socalled fashion summer sale event will be by invitation only and run anywhere between seven and ten days long. Melissa, this really comes as amazon operations start to get back to normal in the last few weeks. They start to sell more than the limited amount of goods they had at the height of the crisis and it also comes during the annual prime day. That shopping bonanza is delayed reportedly until the fall. Back to you. Just to be clear, this is for clothing it says its a fashion summer sale event, so it sounds like its for clothing, but i think the focus here is that these are nonessential goods. As operations come back online, i think amazon is trying to promote some of the sellers that had a harder time getting their stuff into warehouses and out to the public during the pandemic. All right, deirdre bosa, thank you for joining us guy adami, this is also happening at a time that retailers are starting to try to reopen and amazon will be out there with its sales spectacular later this month its going to be tough you know, we talk about obviously in the course of the 20 minutes of the show, we talked about two companies that have just basically its their world and everybody else is playing in them i think you just outlined it really well. In terms of the stock, its really amazing people see and hear what they want to hear i thought we did a decent job. Own the stock into earnings, pull the rip cord, try to buy it back at 2170 and the stock got down to 2240 the stock has done everything absolutely right, as has facebook so its one of those names, you know youre looking for youre looking for those entry points were trying to provide you with them but these are names that are impervious to whatever perceived bad news is out there. Coming up, is a major luxury deal in danger the headline that sent shares of tiffany tumbling today. Were all over the afterhours call on zoom well bring you any big headlines. Fast money is back right after this between ideas and inspiration, trauma and treatment. Gained a couple of more pounds. Thats good for the babies. Between the moments that make us who we are, and keeping them s