“ARE WE THE BADDIES?” Facebook Morale Takes A Tumble Along With Stock Price.

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via WSJ:

Facebook Inc.’s difficult year is taking a toll on employee morale, with several key measures of internal sentiment taking a sharp turn for the worse over the past year, according to people familiar with the matter and messages reviewed by The Wall Street Journal.

Amid a plunge in the stock price, ongoing leadership turmoil and critical media coverage, just over half of employees said they were optimistic about Facebook’s future, down 32 percentage points from the year earlier, according to the survey, which was taken by…

Related: Did Facebook fire an executive for supporting Trump?

And, perhaps more importantly, did Mark Zuckerberg lie in testimony to Congress? At one time a rising star in Silicon Valley, Palmer Luckey got bought out by Facebook within months of donating to a group opposed to Hillary Clinton. The Wall Street Journal reports today that Facebook execs pressured Luckey to renounce his support of Donald Trump and transfer it to … Gary Johnson?

Tech stars see shares dim in eyes of investors…

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SNAP subpoenaed by DOJ…

 

h/t GR

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