NorthStar Asset Management issued a rebuttal to Facebook’s guidance in its Schedule 14A filing with the Securities and Exchange Commission detailing measures up for vote at its annual meeting, saying in a Form Px14a6g filing with the SEC that shareholders should vote for the resolution involving political contributions, and not against it, as the company advised.
Facebook has a new vice president of communications: Michael Buckley, who had been a U.S. managing partner at global strategy and communications consultancy Brunswick Group, with the social network among his clients.
Even though an overwhelming majority of voters wanted Facebook to keep its current data use policy and statement of rights and responsibilities, which would allow users to vote on changes, less than 1 percent of Facebook’s user base actually made their voices official — far short of the 30 percent needed to push the vote to favor the users. Facebook will instead implement a system where users can comment and discuss changes, with the company taking users’ sentiments into consideration.
Facebook asked users to vote on whether or not they should be able to vote on future changes to the policy that governs what the company does with users’ data. To keep the old process of voting in place, 30 percent of Facebook’s 1 billion-strong user base had to vote for that, but it appears that less than 1 million officially voiced their opinions. However, those who have voted clearly want to keep the status quo.
Facebook announced Wednesday that it is mulling changes to its data use policy and its statement of rights and responsibilities, asking users to chime in. The data use policy explains how the site collects and uses information from Facebook members, and the statement of rights and responsibilities explains the terms governing the use of Facebook’s services. Users have until 9 a.m. PT Nov. 28 to comment on these proposed changes, but they may not be able to vote on them.
Facebook-CNN Election Insights Offers Real-Time Data On People Talking About Obama, Romney, Biden, Ryan
Facebook and CNN Monday debuted Facebook-CNN Election Insights, which will allow the cable news network to display, in real-time, the total number of people talking about President Barack Obama, Vice President Joe Biden, Republican presidential nominee Mitt Romney, and his running mate, Rep. Paul Ryan (R-Wis.), during its election coverage.
Despite the woefully low participation by Facebook users in Facebook’s vote on proposed revisions to its statement of rights and responsibilities and data use policy, the social network elected to adopt the updates.
Facebook’s Proposed Revisions To Statement Of Rights And Responsibilities, Data Use Policy Up For Vote Through June 8
Facebook users have until Friday, June 8, at 9 a.m. PT, to vote on the social network’s proposed (and extensive) revisions to its statement of rights and responsibilities and data use policy, as announced on the Facebook Site Governance page.
The economy and the U.S. budget deficit top the list of concerns for voters on Facebook, with some regional variations.