Facebook shareholders back proposal to remove Zuckerberg as chairman

The revolt of the non-voting shareholders.

Several public funds that hold shares in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman, saying the social media giant mishandled several high-profile scandals.
— Read on www.reuters.com/article/us-facebook-shareholders/facebook-shareholders-back-proposal-to-remove-zuckerberg-as-chairman-idUSKCN1MR2GY

Snap is ‘quickly running out of money’

I know how Snap can save $500 million per year: his name is Evan Spiegel.

The CEO famously rejected stock options comp for a ridiculous annual salary of one half a billion USD.

Snap Inc. stock slid more than 5% on Tuesday morning after an analyst said the Santa Monica company behind the Snapchat video-messaging app was “quickly running out of money” and may need to raise new funding next year.

— Read on www.latimes.com/business/la-fi-tn-snap-snapchat-money-20181009-story.html