HomeTechnologyFacebook Could Face SEC Probe, Frances Haugen Hedges Farewell Exit Bet With...

Facebook Could Face SEC Probe, Frances Haugen Hedges Farewell Exit Bet With 8 Complaints

Published on

When Frances Haugen left Facebook with thousands of internal documents, she didn’t just bring them to the press or Congress. She filed at least eight complaints with the Securities and Exchange Commission alleging the social media giant misled the public, Congress and investors.

SEC Chair Gary Gensler would not confirm if the agency was taking action related to Haugen’s disclosures. In an interview with MSNBC, Gensler declined to comment, but acknowledged that if a public company or its executives mislead the public in a material way, “that can be a violation of securities laws.”

Haugen’s complaints allege that Facebook misled investors and the public about its efforts to combat violent extremism, hate speech and human trafficking. They also claim the company misrepresented its negative impact on teens’ mental health and its role in fomenting ethnic violence globally. Facebook was also accused of misleading advertisers by inflating its shrinking user base.

Latest articles

Get The Daily Email!

More like this

WATCH: Full Tucker Carlson Interview With Obama’s Alleged Gay Crack Lover.

Full Tucker Carlson Interview With Obama’s Alleged Gay Crack Lover.

Trump Dealt Huge Blow In E. Jean Carroll Defamation Lawsuit, Timing Not Good

E. Jean Carroll won a partial victory in her defamation lawsuit against former President Trump on Wednesday.

Tucker Carlson’s Fox News Exit Erases $590 Million in Value, Shares Tumble 5.4%

Class A shares of Fox Corp. sank as much as 5.4% Monday, the most since October, after the company said Carlson had left with immediate effect.