Mark Zuckerberg, the CEO of Facebook, must stand down, according to Frances Haugen. She is a former Facebook staff; who released tens of thousands of documents of internal papers after she left the firm. According to Haugen, who spoke at the Web Summit tech conference in Lisbon, Facebook’s parent company; renamed Meta, is reluctant to change as long as its founder is in power. She also criticized Zuckerberg for his “unconscionable” plans to spend in the metaverse vision; instead of resolving the company’s actual problems. This announcement has led to a Facebook whistleblower.
She said that data she previously released to the US Congress demonstrated that the company needed to spend more money on fundamental safety systems rather than expanding into virtual reality. Haugen went on to say that she was motivated by a thought that Facebook needed to change in order to save lives.
In the meanwhile, Haugen’s attendance at the Web Summit comes after her testimony before the US Congress and Westminster last month. In front of the Senate Subcommittee on Consumer Protection, Product Safety, and Data Security, the former Facebook employee spoke. Haugen alleged that Facebook was conscious of how its site was damaging children and teens, but that it still wanted to benefit from their participation, doubling down on the younger population. “Facebook’s current damage to self-interest and self-worth will haunt a generation,” Haugen told the panel.
Facebook whistleblower: Know More
According to Haugen, the bulk of voting shares in the company belong to Zuckerberg, who believes that investors should be free to pick their CEO. Because of Facebook’s dual-class share structure, which provides Zuckerberg the majority of the voting shares and makes it extremely difficult for the board or activist investors to drive him out; Zuckerberg has a powerful hold over the future of the company. He has never signaled that he wants to stand down any time soon. This year, the company’s stock has risen about 21%.
Haugen has been asking for Zuckerberg to stand down as CEO of the business he created over 20 years ago in his undergraduate college dorm. Haugen has stated numerous times that she leaked the papers because she cares about and believes in Facebook’s ability to improve.
Facebook refutes Haugen’s claims
Mark Zuckerberg, the CEO of Facebook, disputed the former employee’s charges. According to Zuckerberg, his firm is “very concerned” about concerns including safety, well-being, and mental health. “At the most basic level,” he said on Facebook, “I believe most of us just don’t recognize the false picture of the organization”. In addition, Zuckerberg stated that “fighting dangerous content” is a primary priority for Facebook. Moreover, the company’s platforms are open and report on their activities.
In addition, Facebook has emphasized its $13 billion investments in security and protection since 2016. Over the previous three quarters, the firm claims to have “nearly halved” the volume of hate speech. But Haugen has accused Instagram (owned by Facebook); of failing to prevent kids under the age of 13 from creating accounts on the network.