An intra-ruling class conflict between Big Tech and Wall Street. Excellent.
By Storm Gifford
New York Daily News
Wall Street talked and Mark Zuckerberg finally listened.
The Facebook CEO did an abrupt about-face on Friday by implementing policy changes regarding hate content on his social media platform as the company’s stock nosedived.
At market close, Facebook shares were down 8.3% for the day to $216.08 per share.
Zuckerberg announced the changes during a virtual meeting on Friday as yet more advertisers vowed to stop advertising on Facebook, sending shares tumbling.