Tag: Mark Elliot Zuckerberg

  • Zuckerberg Defends Facebook’s Value While Senators Question Apology

    People use its services ‘100 billion times a day’: Zuckerberg ‘We’ve seen the apology tours,’ scoffed Senator Blumenthal Mark Zuckerberg defended the social network’s value before Congress and pledged to correct its mistakes, as senators questioned whether he’ll deliver after years of failed assurances that he’d protect user privacy. “People come to Facebook, Instagram, Whatsapp, […]

  • Spotify’s Founders Aren’t Giving Up Control Any Time Soon

    Spotify’s co-founders are taking a page from the Google-Facebook playbook, with plans to maintain control over the music service after its stock listing by holding shares with super voting power, according to three people with knowledge of the matter. Chief Executive Officer Daniel Ek and Vice Chairman Martin Lorentzon own a class of stock that […]

  • Welcome to Corporate Adulthood, Facebook. It’s Awful.

    Last week, Facebook became an adult. This may seem like an odd thing to say about the world's fourth-largest company by stock market value. Facebook could also rightfully claim it had its worst week ever (so far). It was dealing with the target paid messages to bigots. Facing a shareholder lawsuit, Chief Executive Officer Mark […]

  • Facebook Scraps New Share Class in Rare Win for Investors

    several political crises, most notably investigations into whether Facebook ads were used by Russia to sow discord ahead of the U.S. presidential election last year. The shareholder suit described unusual communications between venture capitalist and Facebook board member Marc Andreessen and Zuckerberg. Facebook set up a special board committee to represent shareholders while weighing the […]