Facebook tells employees to preserve communications amid lawmaker requests
$Facebook(FB.US$ has instructed employees to preserve internal communications from the past five years amid growing regulatory scrutiny from governments and legislators.
A company email sent last night setting up the legal hold tells employees to hold on to "internal documents and communications since 2016" that have to do with its businesses, according to the report.
“As you are probably aware, we’re currently the focus of extensive media coverage based on a swath of internal documents,” Facebook says in the mail seen by NYT. “As is often the case following this kind of reporting, a number of inquiries from governments and legislative bodies have been launched into the company’s operations.”
And that follows a damaging month-plus of negative stories largely kicked off by The Wall Street Journal's "Facebook Files" series of exposes starting Sept. 13.
Those were based on a large internal document dump provided to lawmakers and the media by whistleblower Frances Haugen.
It's not the first time Facebook has issued a legal directive to its employees. Last year following the antitrust lawsuit by the Federal Trade Commission and state attorneys general, the company instructed workers to avoid discussing issues tied to the litigation, and to take online training to understand competition compliance.
Earlier, reports said that the FTC was reviewing Facebook's internal research suggesting harmful effects of its products on users, evaluating whether that violated a 2019 settlement with the agency.
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KiddTM : The next support is at 292
lucky star-hold : what????? sell or hold? i will hold becos fb is a big company. will rebound.
102314945 lucky star-hold: can buy a put option to hedge your position
NeedSomeAnswer : Bears must love this nonsense... oh no people feel bad on social media... who feels
Dan Thunderbolt NeedSomeAnswer: Child sex slaves were being sold on facebook and zuckerberg knew. As well as russian hackers, terrorists, and right wing extremists. Do you complainers even read the news
Giants1967 Dan Thunderbolt: DEAD MONEY until further notice.
Giants1967 : When "Snitches" and "RATS" squel while becoming rich cashing payroll checks from their employer and show their loyalty by STEALING confidential, non public documents in the thousands are greeted as heroes by our politicians, you can see what shape America is in (on both the Right and the Left).
Politicians and diapers need to be changed; both for the same reason!!
HGBlog Giants1967: One is a citizen first, employee second. When the company breaks the law there is no obligation to be complicit in it. In fact there is a duty to expose it.
If in your mind your "shareholder" interest comes before your responsibilities as a citizen or even human, I pity you.