Fidelity Fund Manager Supports Facebook’s Response to Lawmakers on Privacy, Content Issues

Fidelity Fund Manager Supports Facebook’s Response to Lawmakers on Privacy, Content Issues

Fidelity fund manager Will Danoff recently made statements in support of Facebook’s response to privacy and misinformation issues surrounding the company during the past few months.

Danoff revealed that while “stiff headwinds” confronted the stock in the first half of 2018, Facebook was still his fund’s largest position. He added that the social media giant had thoroughly responded to legislators’ concerns and initiated a plan to uphold trustworthiness on its platform.

Michael Connor, executive director of Open MIC, meanwhile said that Danoff’s support matters significantly as Facebook CEO Mark Zuckerberg is likely to listen to such stakeholders.

 

Source: Reuters

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