I mean, what are the chances that neither Zuck nor Sandberg knew absolutely nothing about this? It’s just too convenient to have this guy jump on the grenade to spare upper management. I don’t buy it for a second.
Exactly...I mean as a publicly traded company maybe this should be investigated. I’d start by taking a look at the severance package/golden parachute the departed received.
Many falsely believe Martha Stewart went to jail for insider trading but she actually went to jail for claiming she would be found innocent of the insider trading charges which the prosecution alleged she did for the sole purpose of manipulating the actual Martha Stewart Inc stock price, which would have tanked otherwise. 1st amendment rights to publicly claim her innocence offered her no protection.
Here we have facts that Sheryl Sandberg publicly posted on FB that FB didn’t hire the PR Firm and much less hire a PR Firm to publicly attack Soros.
With the release of these new facts, Sheryl Sandburg admitted in fact she did get memos and emails about FB hiring the Firm (and I believe the purpose). So one must ask why the initial public lie?
Did Sandberg know or have reason to know:think if the truth came out FB stock may have dipped? I’d say yes and if they can make the case against Martha Stewart that was the case with her public statement of innocence for unrelated insider trading charges, then a case could be made here, that Sandberg knowingly lied about FB hiring this PR Firm because admitting the same would have hurt FBs stock price.
<snip>
This is a change from just a few days ago, when Facebook wrote on Nov. 15 that the Times report was full of “inaccuracies.” The same day, Sheryl Sandberg, the company’s chief operating officer, posted on her Facebook page that she had no idea the company had hired Definers.
“I did not know we hired them or about the work they were doing,” Ms. Sandberg said, adding, “I have great respect for George Soros.” But in the Thanksgiving eve memo, Ms. Sandberg issued an about-face, acknowledging that the Republican-oriented company’s work had crossed her desk.
“Some of their work was incorporated into materials presented to me,” Ms. Sandberg wrote, ”and I received a small number of emails where Definers was referenced.”
</snip>
So just to recap, this is Sandberg admitting that he had some, limited knowledge of the plan, after she had previously publicly claimed she had no idea about it.
This is really one of those times that calls for a “cool story, bro.”