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| Mark Zuckerberg is too powerful to be replaced or held accountable |
Facebook has raised a lot of questions, more so than Google, Apple, and other companies. Perhaps most important is the question about "Facebook Profile". Including a former project manager who exposed thousands of internal company documents. Perhaps Mark Zuckerberg was the first to be blamed.
In fact, these documents show the negative impact of Facebook and Instagram on users, especially girls, and these platforms help spread hate speech and misinformation, and cause mental and psychological problems for millions of people.
Although Facebook came to these conclusions based on its own research, the company decided to hide these findings on the one hand and not offer any solutions to these problems on the other.
Given the importance of this event, all responsibility rests with the Facebook management team, led by Mark Zuckerberg. This is because he chose not to offer any solutions to these problems, despite their seriousness.
However, as with other large companies, the corporate structure did not directly endanger Mark Zuckerberg. In general, Facebook's strong response to these leaked documents can also be ridiculous.
Mark Zuckerberg is too strong to be replaced
Mark Zuckerberg said at a recent dividend meeting that the leaked documents had been taken out of context and maliciously used to harm the company and presented in a negative light.
On the other hand, Mark Zuckerberg cannot be dispensed with, even if he does not own half of the company's shares, in which case shareholders can vote to remove him. However, Zuckerberg's shares are different from the traditional shares held by shareholders.
This means that if all shareholders agree with Mark Zuckerberg's objections and vote against it, they cannot remove or replace him. As a former company employee said: "Mark Zuckerberg is a king, not just a CEO."
On the other hand, Frances Haugen, director of the Facebook leak, said: “Zuckerberg is very powerful, and his current position allows him to control up to 3 billion users of the Facebook, Instagram and WhatsApp services.”
Going back to the shareholders, they may think that Facebook's behavior is really bad, but they may not take any action to change that because Facebook has significantly increased their net worth. Since October 2019, the stock has increased in value by 75%.
Of course, lawmakers around the world, and especially in the United States, are taking legal action against Facebook and Zuckerberg. However, no benefit has been obtained from it so far.
During this time, Zuckerberg announced the formation of the parent company Meta, which included Facebook and all of the company's other services and products, heralding the beginning of the Metaverse era.