Shareholders call on Facebook's Zuckerberg to step down as chairman

The social media company's shares are down 21% since the start of the year

Facebook investors are calling on chairman and chief executive Mark Zuckerberg to step down after a New York Times investigation suggested the company hired a Republican-owned political consulting firm that “dug up dirt on its competitors” to smear critics.

“Facebook is behaving like it's a special snowflake,” said Jonas Kron, a senior vice president at Trillium Asset Management, a US investor with a stake in the social network, calling on Mr Zuckerberg to step down as board chairman after an investigative report on the company last week. “It's not. It is a company and companies need to have a separation of chair and CEO,” Mr Kron was cited as saying by The Telegraph.

https://www.thenational.ae/business/technology/shareholders-call-on-facebook-s-zuckerberg-to-step-down-as-chairman-1.793032