The launch plan for the political advocacy group being led by Facebook Co-Founder and CEO Mark Zuckerberg encountered a few issues, as Joe Green, the plan’s author and a roommate of Zuckerberg at Harvard University, confirmed to Politico that it contained several inaccuracies.
Granted, it’s only one seat, but critics of Facebook’s board of directors bemoaning the lack of women, aside from Chief Operating Officer Sheryl Sandberg, will likely welcome the addition of University of California, San Francisco Chancellor Susan Desmond-Hellmann.
Facebook shares were involved in some large transactions in recent days, with moves by Chief Operating Officer Sheryl Sandberg, board member Peter Thiel, and Russian Internet company Mail.ru Group making the news.
Facebook board member Marc Andreessen unloaded some 54 million worth of Facebook shares Monday, but that doesn’t indicate a loss of confidence in the social network, as he made the move to cover taxes that he owes on his holdings.
Facebook Vice President of Global Marketing Solutions Carolyn Everson said the social network is now tailoring its advertising offerings for specific industries, such as automotive and telecommunications.
Early major investor Peter Thiel has dumped much of his Facebook stock, as have Co-Founder Dustin Moskovitz, Accel Partners, and Microsoft. Co-Founder and CEO Mark Zuckerberg has the ability to unload some of his roughly 500 million shares in October, but according to recent Securities and Exchange Commission filings, he won’t do that for at least 12 months.
The appointment earlier this week of Facebook Chief Operating Officer Sheryl Sandberg to the social network’s board of directors eliminated the lack of female voices on the group, but another type of voice is still lacking, according to blog Seeking Alpha.
Facebook made a move to silence critics who complained about the lack of women on its board of directors by adding a familiar name to the group: Chief Operating Officer Sheryl Sandberg.
The Wall Street Journal isn’t the only news organization to turn to interactive online technology to cover Facebook’s May 18 initial public offering, as Australia’s News.com.au put together an interactive graphic featuring the estimated worth of key players inside and outside of the social network before and after the IPO.