Reminder of who really rules Facebook

(Paywall-free popularization like this is what I do for a living. To support me, see the end of this post)

It’s easy. It’s just one person.

Reminder of who really rules Facebook /img/zuckerberg-laughing.jpg

Around 2016 or 2017, an internal investigation at Facebook “uncovered the extent of Russian meddling on Facebook’s systems”.

The members of the board were completely unaware of the investigation, and its results, until September 2017. When they did discover the problem, they were furious, “but nothing substantive happened”.

The obvious reason, explains the Guardian, is that

“Mark Zuckerberg, our founder, chairman and CEO, is able to exercise voting rights with respect to a majority of the voting power of our outstanding capital stock and therefore has the ability to control the outcome of matters submitted to the stockholders for approval, including the election of directors and any merger, consolidation, or sale of all or substantially all of our assets."

“This concentrated control could… result in the consummation of such a transaction that our other stockholders do not support."

Or, in two much simpler sentences, one by the Guardian, the other from me:

  1. Facebook board members “serve entirely at Zuckerberg’s pleasure… he could fire the entire board and there is nothing that anyone could do about it”
  2. Facebook, and Big Tech in general, are just “Feudalism + Animal Farm, digitized. Via tax havens”

Who writes this, why, and how to help

I am Marco Fioretti, tech writer and aspiring polymath doing human-digital research and popularization.
I do it because YOUR civil rights and the quality of YOUR life depend every year more on how software is used AROUND you.

To this end, I have already shared more than a million words on this blog, without any paywall or user tracking, and am sharing the next million through a newsletter, also without any paywall.

The more direct support I get, the more I can continue to inform for free parents, teachers, decision makers, and everybody else who should know more stuff like this. You can support me with paid subscriptions to my newsletter, donations via PayPal (mfioretti@nexaima.net) or LiberaPay, or in any of the other ways listed here.THANKS for your support!