Facebook, Twitter Controversies Renew Shareholder Calls for Oversight

COVID-19 and U.S. elections are amplifying shareholder calls for better oversight of social media, even if the proposals are doomed to fail.

By Annie Gaus, May 27, 2020

At their annual shareholder meetings, a group of shareholders are renewing calls for greater oversight at social media firms. 

At Facebook's annual shareholder meeting on Wednesday, a chorus of shareholders implored the company to adopt a variety of measures aimed at improving oversight and reducing the negative effects on society. Facebook  (FB) - Get Meta Platforms Inc. Class A Report shares fell 1.45% on Wednesday to $228.84.

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