A $280 billion investment fund wants to boot all of Meta and Twitter's directors over their handling of the Buffalo shooting
- A $280 billion fund invested in
- It accused the companies of allowing hateful material from the
Buffalo shootingon their platforms.
A $280 billion fund invested in Meta and Twitter wants to boot every director from each company's board over failures relating to how hateful content was policed in the wake of the Buffalo mass shooting.
New York State Comptroller Thomas DiNapoli, trustee of the New York State Common Retirement Fund, said in regulatory filings Monday that his fund will vote against re-electing all directors at Meta and Twitter at their next annual meetings, both of which are scheduled for Wednesday.
A gunman shot dead ten people in Buffalo, New York, in a racist attack on May 14. Of the 13 people injured or killed in the attack, 11 were Black. The gunman streamed footage of the attack live on Twitch, echoing the 2019 Christchurch, New Zealand attack in which a gunman streamed footage live on Facebook.
DiNapoli wrote in Monday's filings that Meta and Twitter had failed to enforce safety standards after the Buffalo shooting. He cited reports that clips and screenshots from the gunman's live-stream of the attack had circulated on Meta and Twitter's platforms, as had snippets from a racist manifesto written by the suspect.
"This is just the latest example of Meta's failure to enforce its community standards and guidelines to control the dissemination of
He added: "Meta's future success is endangered by its repeated failure to adhere to its policies and its association with those who incite violence and spew hate speech through the company's platforms."
DiNapoli said his fund held $1.1 billion worth of Meta stock and $34.6 million worth of Twitter stock as of March 31.
Meta and Twitter did not immediately respond when contacted by Insider for comment.
- Most secluded places in India to visit in 2023
- Relieve constipation naturally with Indian foods: A guide to digestive health
- Less than half of JSW Infrastructure’s IPO subscribed on day 1
- Big unlisted companies may come under tighter regulatory norms
- IndianOil unveils India's first green hydrogen-run bus that emits just water