meanwhile reading through the just-posted transcript from the pension funds suing Facebook for overpaying $5B to FTC according to their allegations to avoid liability for Zuckerberg, insider trading, et al. You don't say - Zuckerberg, Sandberg, Andreessen and Thiel? /1
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Based on all evidence, I would certainly think it's a really good argument that Facebook doesn't have an independent board either. /2
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whatever evidence they were able to secure from the communications between the board and leadership, they allege it puts the board at risk, too. A couple key board members resigned ahead of the settlement. Not a bad move probably. /3
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one of the plaintiffs never even heard back from Facebook's board so the debate in the transcript was whether they had decline their responsibility or if they're futile because of all sorts of issues. /4
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when your business plan is called illegal... /5
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none of the plaintiffs seem like lightweights so if you want to get sunlight into this thing to uncover the cover-up, this seems like one of the best avenues outside of the ongoing lawsuit by attorney general of DC. /6
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This seems like an extraordinary conflict of interest considering Wilmer Hale's role in anything and everything Facebook tries to sweep away. /7
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hmmm, this made me pause to reflect. /8

9:30 PM ยท Oct 15, 2021

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I mean this certainly all smelled pretty bad to me. /9
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these allegations are also interesting and relevant for a number of complex reasons. /10
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Thread broke so adding here.
Replying to @jason_kint
wherever these cases go, this point will stand. We can't have a company with this power, size and influence over global democracy with near-zero accountability to anyone. /10
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