16. March 2019 09:35:45 IST
Facebook Inc. shares fell nearly 5 percent on Friday, almost three months after chief executive officer Chris Cox's surprise departure. at a time when the company is being re-examined for its privacy, extremism and political content.
Cox, a Wall Street favorite who has worked with Facebook founder Mark Zuckerberg for 13 years, led the social networking business development team, and helped shape the business model of his WhatsApp news service.
"We believe Cox has played a crucial role in establishing FB's mission, values and culture, and it has been highly valued both inside and outside the company, including Wall Street," JPMorgan analysts wrote a research report.
Also Absent WhatsApp Vice President Chris Daniels added a series of recent exits to Facebook's product and communication teams.
Facebook, Twitter and Google were on Friday in another round of public discussions on extremist content on their platforms, after video footage of mass shootings in New Zealand was streamed live and distributed online.
"The live streaming of filming in New Zealand will certainly raise more issues of regulation and consideration via Facebook. It has helped to provide a platform for today's horrific attack and will undoubtedly be called into question to facilitate its dissemination, "said Clement Thibault, an analyst at Investing.com, the global financial market platform.
The assassin involved The attacks involved 49 people died in New Zealand, sent live footage of the attack on one of the mosques on Facebook and urged the social network to more moderation of content.
British Interior Minister Sajid Javid said social media companies would need action Take action to stop extremism in their channels after Friday's shootings.
"You really need to do more @YouTube @Google @facebook @ Twitter to prevent violent extremism from being promoted on your platforms," Javid wrote on Twitter
The social media companies have done this They said they would get content from the mass shootings that were posted online while the attack accounted for demolish.
Facebook has invested heavily in removing fake content from the internet platform and has hired thousands of employees for content moderation and suspended hundreds of suspicious accounts in different countries.
The company's shares in mid-day trading fell 2.5 percent to $ 165.83.
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