Facebook Shareholders Challenged Zuckerberg and Left Empty-Handed
- Multiple proposals aimed at limiting CEO’s power were denied
- One investor described the company as a "failing autocracy"
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The unhappiness that has been growing among Facebook Inc. shareholders for much of the past two years was on full display Thursday at the company’s annual shareholder meeting.
One investor described Facebook as “Zuckerberg’s failing autocracy.” Another said the company “destroyed journalism.” SumOfUs, an organization that runs digital campaigns intended to apply pressure on powerful corporations, had members standing outside holding signs that read “Vote No On Zuckerberg” and “Break Up Facebook.” They also brought a large, inflatable balloon shaped like the angry face emoji on Facebook’s website.