In this March 29, 2018, file photo, the logo for Facebook appears on screens in New York's Times Square.Shares of Facebook Inc fell as much as 5 per cent on Friday to their lowest in nearly three months after the surprise departure of Chief Product Officer Chris Cox, at a time when the company is again being scrutinized over its handling of privacy, extremism and political content.
“We believe Cox played a critical role in establishing FB’s mission, values, and culture, and he was extremely well-regarded inside and outside the company, including by Wall Street,” JPMorgan analysts wrote in a research note.Also departing is WhatsApp Vice President Chris Daniels, adding to a string of recent high-profile exits from Facebook’s product and communications teams.
“The live-streaming of New Zealand’s shooting will certainly bring on more questions of regulation and scrutiny over Facebook. It helped provide a platform for today’s horrific attack and will undoubtedly be called into question for facilitating the spread of this,” said Clement Thibault, analyst at global financial markets platform Investing.com.
Britain’s interior minister Sajid Javid said social media firms must take action to stop extremism on their channels after Friday’s shootings.
globebusiness They can come out and admit it - it is really because I deleted my account. My bad.