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 actions are hoped for regarding user and investor comfort with privacy?

What are the implications of the recent privacy breaches mentioned in the text?

How does Mark Zuckerberg's control affect corrective actions within the company?

What is the significance of having an independent chairman of the board?

In what ways could the company restore confidence with its users?