Alternatives
Temasek Joins Facebook-Backed Libra Association
The Singapore sovereign wealth fund is the first government-owned entity to join the blockchain project.
Tag: Facebook
Regulation
Rhode Island Pension Alleges Zuckerberg Overpaid 2019 Settlement to Avoid Personal Consequences
State Treasury says Facebook overpaid Cambridge Analytica settlement by $2 billion to win extra concessions from the feds.
Asset Allocation
Major Institutional Investors Say Zuckerberg’s ‘Totalitarian Grip’ on Facebook Must End
Group calls for Facebook to divulge the concentrated power that chairman and CEO holds.
Market Moves
Value Finally Has Its Day, but Will that Last?
Lower-cost stocks have outpaced hot-shot momentum plays since August.
Newsmakers
CalSTRS Seeks to Join Lawsuit to Reform Facebook Governance
Pension fund says litigation will allow it to ‘protect Facebook’s profitability.’
Facebook to Pay $5.1 Billion to FTC, SEC over Privacy, Data Violations
Regulators accuse social media giant of deceiving users and investors.
Newsmakers
New Zealand Super’s Proxy Drive Against Big Tech Grows to 23 Institutions
Outraged by social media’s showing of the Christchurch massacre, the pension fund enlists other plans to push its cause.
New Zealand Super Leads Christchurch Charge Against Tech Lords
National five-fund coalition targets Facebook, Google, and Twitter’s ‘severely damaged’ content-sharing functions.
Corporate Moves
Chan Zuckerberg Institute Names Princeton’s David Lee CIO
Facebook founder’s philanthropic organization lures Lee from Princeton Endowment.
Risk
Hedge Funds Clip Facebook Shares in Q3
The space’s top dogs ditch the social media company’s stock during Zuck’s problematic year.
Newsmakers
Treasurers Demand Zuckerberg Quit as Facebook Chairman
Social network CEO shouldn’t have dual role, say financial officials from NYC and three states, backing Trillium plan.
Bridgewater Ditches Facebook for Alibaba, Baidu, and Amazon
The world’s largest hedge fund pares stake in the social media juggernaut by 76% while refocusing its tech exposure.
Regulation
Hedge Fund Trillium Rallies Shareowners to Vote for Creation of Facebook Oversight Board
Fund calls social media juggernaut’s current governance style an insufficient ‘whack-a-mole approach.’
Newsmakers
CalSTRS Takes a Hard Stance on Facebook’s Governance
A privacy scandal leads to a harsh reprimand for social media network from the mega pension fund.
Newsmakers
Soros Rips Facebook, Google at Davos
Warns of Orwellian levels of control if more stringent monopoly policies are not applied.