LIZ:
I NEED YOU TO LOOK AT THE SCREEN
RIGHT NOW.
TWITTER SHARES, IT'S STRANGE
THE, THEY ARE ALMOST DESPERATELY
TRYING TO TURN POSITIVE.
THEY ARE DOWN THE TINIEST OF A
FRACTION.
THEY SPENT MOST OF THE DAY IN
THE RED FOLLOWING A BAN LAST
NIGHT ANNOUNCED ON POLITICAL
ADS.
FACEBOOK MOVING HIGHER NOW BY 2%
AFTER ITS EARNINGS, BUT CHARLIE
GASPARINO'S BEEN LEARNING SOME
INVESTORS ARE NOT GIVING THE
THUMBS UP TO THE SOCIAL NETWORK
FEARING ITS LEADERS MAY FOLLOW
IN JACK DORSEY'S FOOTSTEPS WHEN
IT COMES TO 2020 POLITICAL
ADVERTISE THING.
>> YEAH.
THIS IS A FASCINATING STORY.
IF YOU LOOK SUPERFICIALLY,
FACEBOOK IS NEAR ALL-TIME HIGHS,
THEY JUST REPORTED MASSIVE
EARNINGS, I THINK IT WAS 6
BILLION.
BUT THE COMPANY IS ENGULFED IN
TREMENDOUS AMOUNTS OF PRESSURE,
LIKE NONSTOP CONTROVERSY SINCE
THE 2016 ELECTIONS.
EVERYTHING FROM RUSSIAN TROLLS
RIGGING THE ELECTION IN FAVOR OF
DONALD TRUMP TO MISUSE OF DATA,
TO NOW THIS ONE ISSUE, WHETHER
THEY SHOULD CONTINUE TO TAKE
POLITICAL ADS.
WE'VE BEEN TALKING TO INVESTORS,
AND THE SORT OF INDICATION WE'RE
GETTING FROM INVESTORS OR HOW
THEY'RE INTERACTING WITH THE
COMPANY IS THIS: SOME OF THEM
WANT MARK ZUCKERBERG BOUNCED,
YOU KNOW?
YOU CAN'T FIRE HIM, JUST SO YOU
KNOW, HE CONTROLS, SOMETHING
KNOWN AS I SUPER VOTING RIGHTS.
HE CONTROLS THE COMPANY.
BUT THEY WOULD LIKE HIM IN A
MORE CREATIVE ROLE.
THIS IS A LOT OF TALK ABOUT
SHERYL SAND BERKE YOU KNOW,
PRESSURE -- SHERYL SAND BERG,
PRESSURE ON HER BECAUSE THEY ARE
JUST NOT HANDLING ALL THE STUFF
THAT'S COMING AT THEM.
THAT STUFF IS NOT REALLY
REFLECTED IN THE STOCK PRICE, AS
I SAID.
THE BIPARTISAN SORT OF
REGULATION THAT'S BEING CALLED
FOR, IF IT DOES HAPPEN --
PARTICULARLY IF ELIZABETH WARREN
BECOMES PRESIDENT, WILL BE
REFLECTED.
AND THAT'S WHAT THEY'RE WORRIED
ABOUT, THESE INVESTORS, THAT
THESE TWO GUYS -- YOU KNOW, THE
PEOPLE AT THE TOP ARE JUST NOT,
YOU KNOW, CAPABLE OF HANDLING
THE POLITICAL ASPECT OF THIS
JOB.
AND NOW THIS JOB HAS BECOME A
BIG POLITICAL ASPECT.
I WOULD LIKE IT TO THIS, BECAUSE
I'VE BEEN COVERING THIS A LONG
TIME.
BACK AFTER THE FINANCIAL CRISIS
WHO WAS IN THE HOT SEAT?
OBVIOUSLY, THE BANKS.
IT BAIME JAMIE DIMON AND SHOW
TRIALS.
IT HURT THE STOCKS OF THOSE
FIRMS, THOSE FIRMS -- THE BANKS
CLEARLY FACED A LOT MORE
REGULATION.
THEY FACED SOME EARNINGS ISSUES.
GOLDMAN SACHS, JUST IS SO YOU
KNOW, IS PRE-FINANCIAL CRISIS, A
SHELL OF ITSELF, BECAUSE OF
THESE REGULATIONS.
SO THAT'S WHAT INVESTORS ARE
WORRIED ABOUT WHEN IT COMES TO
FACEBOOK, MARLEY BECAUSE
THEY'RE -- PARTICULARLY, BECAUSE
THEY'RE KIND OF THE TARGET HERE.
AND THEY NEED SOME SORT OF
COHERENT MESSAGE, SOME SORT
OF -- THEY NEED BETTER
MANAGEMENT TO HANDLE THE
POLITICAL THING.
THEY DON'T WANT FACEBOOK TO TURN
OUT TO BE GOLDMAN SACHS TODAY.
THEY WANT IT TO TURN OUT TO BE
SOMETHING LIKE JPMORGAN IS
BECAUSE JAMIE DIMON WAS A MUCH
MORE ASTUTE POLITICAL PLAYER.
NOW, WHETHER THEY DO OR NOT, I
CAN'T TELL YOU.
A PERSON CLOSE TO SANDBERG TOLD
FOX NEWS EXCLUSIVELY SHE HAS NO
PLANS TO STEP DOWN.
I DO KNOW PEOPLE WHO ARE SAYING
SHE HAS BEEN GETTING ANXIOUS,
THIS IS NOT A FUN TIME FOR HER,
SHE PROBABLY WANTS TO LEAVE.
DON'T BE SURPRISED IF YOU SEE
SOME MAJOR MANAGEMENT CHANGES AT
THE TOP OF THIS COMPANY.
IT'S UNDER TREMENDOUS PRESSURE.
SHERYL SANDBERG, I HEARD, IS NOT
HAPPY IN HER JOB.
I THINK SHE'S VERY GOOD AT HER
JOB --
LIZ: VERY SMART.
>> VERY SMART AND VERY GOOD.
REMEMBER, SHE'S THE ONE WHO
HELPED BRING THAT COMPANY BACK.
SHE WAS A GREAT BUSINESS PERSON.
AFTER THAT IPO IN 2012 WHICH
DIDN'T DO WELL, SHE REFORMATTED
THAT COMPANY IN MANY WAYS, SO I
THINK SHE'S SMART.
BY THE WAY, INVESTORS PERSONALLY
LIKE HER, BUT THE NOTION IS DOES
SHE HAVE THE CHOPS AND DOES HE
HAVE THE CHOPS TO DEAL WITH THIS
POLITICAL ISSUE.
I HEAR,S THIS IS WHAT INVESTORS
OR ARE SAYING, THERE'S GOING TO