Investors looking to ‘defriend’ Mark Zuckerberg out of Facebook power?

Investors looking to ‘defriend’ Mark Zuckerberg out of Facebook power?
Image: LU Staff

[Ed. – The grandeur that was Rome, the glory that was Greece, the failure that was Facebook.]

Has Facebook gotten too big, both as a company and as a political target, for its founder to manage?  A group of Facebook investors has banded together to make that argument and to strip Mark Zuckerberg of some or all of his power at the platform he created. Vanity Fair follows up on a Business Insider scoop (behind a paywall) about a potential palace coup … or at the very least a brutal unfriending:

“I think life is about learning from the mistakes, and figuring out what you need to do to move forward,” [said Zuckerberg in April]. “The reality of a lot of this is when you’re building something, like Facebook, that is unprecedented in the world, there are going to be things that you mess up.” But, he said, he wouldn’t be going anywhere—“I started this place. I run it. I am responsible for what happens here,” he said. …

That the subject of Zuckerberg stepping down as chairman was broached in the first place suggested that, for the first time, his ability to steer the company he’d created was in doubt.

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