skip to main content
skip to newscasts

Friday, March 29, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

The latest on the Key Bridge collapse, New York puts forth legislation to get clean energy projects on the grid and Wisconsin and other states join a federal summer food program to help feed kids across the country.

view newscast page
play newscast audioPlay

Republicans float conspiracy theories on the collapse of Baltimore's Key Bridge, South Carolina's congressional elections will use a map ruled unconstitutional, and the Senate schedules an impeachment trial for Homeland Secretary Mayorkas.

view newscast page
play newscast audioPlay

Historic wildfires could create housing and health issues for rural Texans, a Kentucky program helps prison parolees start a new life, and descendants of Nicodemus, Kansas celebrate the Black settlers who journeyed across the 1870s plains seeking self-governance.

Unions Taking on Meta at Annual Shareholder Meeting

play audio
Play

Monday, June 5, 2023   

Meta, the parent company of Facebook and Instagram, held its annual meeting last week amid new scrutiny from the federal government and multiple shareholder proposals calling for changes.

The annual meeting saw 11 shareholder proposals addressing a number of items related to increasing transparency. One proposal sought to compel the company to produce a report on child safety impacts and actual harm reduction to children. Another proposal called for an independent review of the company's audit and risk oversight committee, which is responsible for evaluating risks to the company from a variety of places including data privacy and community safety, as well as reputational and legal risks originating in harmful user-generated content.

The proposal was put forward by Harrington Investments with the AFL-CIO as one of the co-filers because union members' pension funds are invested in Meta.

Randi Weingarten, president of the American Federation of Teachers, sits on the AFL-CIO executive council and spoke in favor of the proposal, saying shareholders are in the dark about how the committee operates.

"While Meta's audit and risk oversight committee is charged with evaluating risks, shareholders have no idea how the committee operates, what information it considers or whether it just cedes its authority entirely to CEO Mark Zuckerberg," Weingarten contended.

The Meta board recommended shareholders vote against the proposal, saying it currently is undertaking an independent third-party quality assessment of the company's internal audit function including the Audit Risk and Oversight Committee. According to ProxyMonitor.org, none of the 11 shareholder proposals were adopted at the meeting.

Regulatory attention on Meta has increased of late with the FTC seeking to update its 2020 privacy order to now prevent the company from monetizing data collected from users younger than 18.

The U.S. Surgeon General issued a 25-page advisory May 23 about the impact of social media on youth mental health. The advisory cited ample indicators social media "presents a profound risk of harm to the mental health and well-being of children and adolescents."

On the same day, the White House announced a series of actions the federal government will be taking to improve protections for youth mental health, safety and privacy, including an interagency task force to study the matter and make recommendations.

In her statement to shareholders, Weingarten noted teachers are bearing witness to the impact of social media.

"In classrooms and communities across the country, AFT members are witnessing firsthand the impact of students suffering from anxiety, bullying, trauma, body dysmorphia and the eating disorders as a direct result of exposure to images on Instagram, as well as the violence glorified on Meta's platforms," Weingarten asserted.

Disclosure: The American Federation of Teachers contributes to our fund for reporting on Education, Health Issues, Livable Wages/Working Families, and Social Justice. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
The U.S. Supreme Court heard arguments this week about the popular abortion pill Mifepristone and will weigh in on whether the U.S. Food and Drug Administration was correct in how it can be dosed and prescribed. (Ascannio/Adobe Stock)

Health and Wellness

play sound

Missouri residents are worried about future access to birth control. The latest survey from The Right Time, an initiative based in Missouri…


Social Issues

play sound

Wisconsin children from low-income families are now on track to get nutritious foods over the summer. Federal officials have approved the Badger …

Social Issues

play sound

Almost 2,900 people are unsheltered on any given night in the Beehive State. Gov. Spencer Cox is celebrating signing nine bills he says are geared …


The U.S. teaching workforce remains primarily white while the percentage of Black teachers has declined. However, the percentage of Asian and Latinx teachers is rising.(WavebreakMediaMicro/Adobestock)

Social Issues

play sound

Education advocates are calling on lawmakers to increase funding for programs to combat the teacher shortage. Around 37% of schools nationwide …

Environment

play sound

New York's Legislature is considering a bill to get clean-energy projects connected to the grid faster. It's called the RAPID Act, for "Renewable …

Social Issues

play sound

Earlier this month, a new Arizona Public Service rate hike went into effect and one senior advocacy group said those on a fixed income may struggle …

Social Issues

play sound

Michigan recently implemented a significant juvenile justice reform package following recommendations from a task force made up of prosecutors…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021