Will Mark Zuckerberg Quit Facebook Board?

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Facebook founder Mark Zuckerberg may not quit board of the largest social media even though pressure is on him to do so.

His resignation becomes imperatives as a result of questions surrounding user privacy, one of Facebook’s Whale, Scott Stringer, said.

Stringer oversees New York City’s pension fund investments with close to one billion dollars stake in the social media platform.

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He’s not the first to call for the resignation Zuckerberg amid Cambridge Analytica scandal, which indicted the largest social media.

Apple ’s boss Tim Cook had earlier criticised Zuckerberg’s leadership style.

Stringer said an independent chairman for the board was needed to ensure privacy safeguards after revelations that data was harvested from more than 50 million Facebook accounts by Cambridge Analytica .

The Facebook CEO said that Cook’ s suggestion that his company did not care about users was “extremely glib.”

Cook criticised Facebook last week in the aftermath of the Cambridge Analytica scandal , saying it was an “ invasion of privacy ” to traffic the personal data of users.

When asked what he would do if he were Zuckerberg, Cook said he “ wouldn’t be in that situation. ”

Zuckerberg hasn’t shown any sign that he would quit Facebook board soon, and who is going to make him quit if he isn’t willing, anyway?

“As of the fourth quarter of 2017, Facebook had 2.2 billion monthly active users. In the third quarter of 2012, the number of active Facebook users had surpassed 1 billion, making it the first social network ever to do so. Active users are those which have logged in to Facebook during the last 30 days,” statista.com

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Author

  • Opeyemi Quadri

    Ope is a finance writer and researcher with 10+ years of experience in content creation. His interests cut across decentralized finance, investment, foreign exchange, government policies and politics.

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