Lawyers and Legislators Come for Facebook

The transcript discusses the challenges Facebook faces regarding privacy breaches and corporate governance. It highlights the need for corrective actions to restore user and investor confidence. The discussion includes the impact of Mark Zuckerberg's control, shareholder proposals for governance changes, and the financial implications of losing user trust. The conversation emphasizes the importance of corporate governance and accountability in maintaining Facebook's valuation.

What recent event highlighted the need for Facebook to take corrective action regarding privacy?

• A partnership with Google

• The Cambridge Analytica scandal

• The launch of a new product

• A change in leadership

Why is there a call for an independent chairman of the board at Facebook?

• To increase product innovation

• To improve corporate governance

• To reduce marketing costs

• To expand into new markets

What is a potential consequence if Facebook fails to restore user confidence?

• Increased advertising revenue

• Higher stock valuation

• Loss of users

• More partnerships with tech firms

What is one of the reasons for Facebook's current low valuation?

• Increased competition

• New product launches

• Loss of user trust

• High employee turnover

What aspect is considered relevant to Facebook's financial health besides user confidence?

• Expansion into new markets

• Environmental, social, and governance structures

• Increased research and development

• New advertising strategies