Three state treasurers and a top official from New York have joined a shareholders’ motion to install an independent chairman at Facebook, claiming the move would improve governance and accountability.
The move comes as Facebook was presented with a new legal challenge. The technology company has been accused of misleading advertisers by inflating the viewing figures for videos on its site.
A group of US advertisers launched a fraud claim against the social media giant on Tuesday, stating that it had overstated the average viewing time of advertising videos on the site by between 100 and 900pc before reporting them in 2016.
All tech companies are pretty terrible as far as companies go, but Facebook really seems to be going out of its way to lead the pack. As far as I’m concerned, we shut it down. Would anyone really miss it?