Sheryl Sandberg reportedly asked Facebook staff to probe Soros’ finances

Twitter CEO Jack Dorsey And Facebook COO Sheryl Sandberg Testify To Senate Committee On Foreign Influence Operations

Facebook COO Sheryl Sandberg reportedly asked Facebook communications staff to look into George Soros’ finances after the billionaire investor criticized tech companies as a “menace.”


Drew Angerer/Getty Images

Facebook Chief Operating Officer Sheryl Sandberg asked the company’s communications staff to research George Soros’ finances after the billionaire investor leveled high-profile criticism toward tech companies, The New York Times reported Thursday.

Sandberg made the request in an email sent to senior communications and policy executives in January, sources told the newspaper. The email was reportedly sent a few days after the financier referred to tech companies such as Facebook and Google as a “menace.”

A New York Times investigative report earlier this month concluded that Facebook CEO Mark Zuckerberg and Sandberg “ignored warning signs” of the Cambridge Analytica scandal that saw a political consultancy use data from millions of Facebook users and hired a firm called Definers Public Affairs to retaliate against or spread inflammatory information about its critics. Definers circulated a research document and tried to press reporters to dig into financial ties between Soros and members of Freedom from Facebook, a coalition of Facebook critics that’s urged regulators to break up the social media giant.

Facebook on defense, Amazon exposes customer email addresses


01:08

Facebook said in a statement that the social networking giant had already begun researching Soros when Sandberg made her request.

“Mr. Soros is a prominent investor and we looked into his investments and trading activity related to Facebook,” the company said in a statement. “That research was already underway when Sheryl sent an email asking if Mr. Soros had shorted Facebook’s stock.”

The company went on to say that Sandberg didn’t direct research on Freedom from Facebook, but said “she takes full responsibility for any activity that happened on her watch.”

Soros made his comments critical of Facebook during a speech in January at the World Economic Forum in Davos, Switzerland, in which he called for “more stringent regulations” on the tech giants.

“As Facebook and Google have grown into ever more powerful monopolies, they have become obstacles to innovation, and they have caused a variety of problems of which we are only now beginning to become aware,” he said.

“They claim they are merely distributing information. But the fact that they are near-monopoly distributors makes them public utilities and should subject them to more stringent regulations, aimed at preserving competition, innovation, and fair and open universal access,” he said in his speech.

During his first public appearance since the Times report appeared, Zuckerberg showed his support for Sandberg.

“She has been an important partner for me for 10 years,” Zuckerberg told CNN last week. “I am really proud of the work we have done together and hope we work together for decades more to come.”

Earlier this month, a group of Democratic senators sent a letter pressing the social network for more details about its relationship with Definers.

CNET’s Holiday Gift Guide: The place to find the best tech gifts for 2018.

Cambridge Analytica: Everything you need to know about Facebook’s data mining scandal.

Source link

more recommended stories

  • Huawei shipments could fall by up to a quarter this year: analysts

    HONG KONG/SHANGHAI (Reuters) – China’s Huawei,.

  • First American says product defect could have caused customer data exposure

    (Reuters) – U.S. real estate title.

  • Mexico tax plan for riding hailing firms may soon be mandatory: Cabify

    MEXICO CITY (Reuters) – A tax.

  • Amazon facial recognition ban won just 2% of shareholder vote

    (Reuters) – Amazon.com Inc shareholders overwhelmingly.

  • Uber’s first employee, Ryan Graves, resigns from board

    FILE PHOTO: Uber Technologies Inc. CEO.

  • South Korea orders further arrests at Samsung Electronics over accounting scandal

    FILE PHOTO: The logo of Samsung.

  • OECD members, including U.S., back guiding principles to make AI safer

    PARIS (Reuters) – The evolution of.

  • NASA chooses technology firm Maxar for lunar platform project

    FILE PHOTO: Tourists take pictures of.

  • China calls out U.S. ‘wrong actions’ as Huawei ban rattles supply chains

    BEIJING (Reuters) – China said the.

  • U.S. lawmakers want to help rural telecoms replace Huawei, ZTE equipment

    WASHINGTON (Reuters) – A bipartisan group.

  • Allianz leads C$100 million funding round for fintech Wealthsimple

    LONDON (Reuters) – German insurer and.

  • U.S. could blacklist Chinese surveillance tech firm Hikvision: NYT

    (Reuters) – The U.S. administration is.

  • U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm

    SHANGHAI/NEW YORK (Reuters) – The United.

  • Self-driving trucks begin mail delivery test for U.S. Postal Service

    (Reuters) – The U.S. Postal Service.

  • Retailer Amazon nears victory in rainforest battle over domain name

    FILE PHOTO: Staff chat at the.

  • Infineon suspends shipments to Huawei: Nikkei

    FILE PHOTO: A close-up of the.

  • U.S. intellectual property complaints a ‘political tool’: China state media

    SHANGHAI (Reuters) – Chinese state media.

  • Exclusive: Google suspends some business with Huawei after Trump blacklist – source

    FILE PHOTO: Visitors walk past Huawei’s.

  • Huawei founder says growth 'may slow, but only slightly' after U.S. restrictions

    Huawei Technologies’ founder and chief executive.

  • Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers

    (Reuters) – The U.S. Commerce Department.

  • German finance minister expects OECD deal on digital tax in 2020

    Finance Minister Olaf Scholz addresses a.

  • Lyft is sued by investors over IPO

    FILE PHOTO: The Lyft logo is.

  • GMC trucks to deploy adaptive cruise control system

    The GMC logo is seen on.

  • Baidu swings to net loss for first time since listing, shares fall

    (Reuters) – Chinese search engine operator.

  • Huawei ban clouds U.S.-China trade talks, tech sector

    WASHINGTON/BEIJING (Reuters) – A U.S. bid.

  • Tesla to update battery software following car fires

    (Reuters) – Tesla Inc will update.

  • SpaceX to launch first satellites for Musk’s Starlink internet service

    CAPE CANAVERAL, Fla. (Reuters) – Elon.

  • FCC ready to let phone companies use tools to block robocalls

    WASHINGTON (Reuters) – U.S. Federal Communications.

  • Facebook restricts Live feature, citing New Zealand shooting

    SAN FRANCISCO (Reuters) – Facebook Inc.

  • FCC to take ‘fresh look’ at opening key 5.9 GHz spectrum band

    WASHINGTON (Reuters) – The U.S. Federal.

  • Huawei is not controlled by China, executive says

    FILE PHOTO: The Huawei logo is.

  • Ex-Autonomy CFO sentenced in U.S. to 5 years prison over Hewlett-Packard fraud

    (Reuters) – The former chief financial.