Facebook backs Sheryl Sandberg's request to initiate research into George Soros

Sandberg had requested probe to find out if George Soros had shorted the company’s stock.

Facebook's board backed chief operating officer Sheryl Sandberg’s request to probe whether George Soros had shorted the company’s stock after the billionaire investor called the social network a “menace to society.”

“To be clear, Sandberg’s question was entirely appropriate given her role as COO,” Facebook’s board said in a letter on Wednesday. “When a well-known and outspoken investor attacks your company publicly, it is fair and appropriate to do this level of diligence.”

Facebook COO Sheryl Sandberg. Image: Reuters

Facebook COO Sheryl Sandberg. Image: Reuters

The letter was sent by Facebook’s general counsel Colin Stretch to Patrick Gaspard, president of Soros’s Open Society Foundations.

Sandberg was being truthful when she said she did not know that the social network hired a public-relations firm to explore Soros’s criticisms of the company, according to the letter.

Tech2 is now on WhatsApp. For all the buzz on the latest tech and science, sign up for our WhatsApp services. Just go to Tech2.com/Whatsapp and hit the Subscribe button.

Top Stories

also see