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Shareholders Press Twitter, Facebook on Sexual Harassment

  • Arjuna Capital, New York State push to cut social-media abuse
  • Resolution asks for detailed reports on harassment, remedies
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Bloomberg’s Selina Wang explains why Facebook and Twitter are facing heat from shareholders.(Source: Bloomberg)
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Facebook Inc. and Twitter Inc., under fire from lawmakers for Russian manipulation of their social media sites, are now facing heat from shareholders, who say the companies need to do more to combat sexual harassment of women on their platforms.

Arjuna Capital and the New York State Common Retirement Fund announced Thursday they had co-filed shareholder resolutions asking both companies to produce a “detailed report on the scope of sexual harassment on their platforms and the remedies either in place or already contemplated for the future.” The resolutions, aimed at the companies’ annual shareholder meetings later this year, also address the topics of fake news, election interference, violence and hate speech.