Why Is Everyone Talking About Facebook Stock?
Facebook (NASDAQ: FB) has loomed large in the headlines for all the wrong reasons over the past few weeks. In mid-September, The Wall Street Journal started publishing a series of investigative articles called "The Facebook Files" which criticized the social media giant for its business practices.
Those reports coincided with the abrupt announcement that Facebook's chief technology officer, Mike Schroepfer, who had held the role for 13 years, would resign next year. Schroepfer will be succeeded by Andrew Bosworth, who currently leads Facebook's hardware division.
Bosworth's appointment raised even more red flags after an an internal memo from 2016 resurfaced. In that memo, Bosworth declared Facebook should still connect people even if "someone dies in a terrorist attack coordinated on our tools" or "costs a life by exposing someone to bullies."
Source Fool.com
