all right well it was supposed to be a
peaceful table at Facebook where anyone
and everyone in charge including Mark
Zuckerberg would hear it out from
advertisers wanting to both from the
company and a number of groups concern
that hate speech is is accepted and
indeed encouraged at the company so you
wouldn't expect the reaction that the
Zuckerberg got or that those empowered
Facebook got a collective we're not
impressed yet the stock itself has
barely budged why is that shana cleanser
with us right now shana you know what's
remarkable is how much this stock has
held up throughout all of this and
continues to what's going on yeah so you
know feedback loud and clear from those
groups participated yesterday was that
they are not pleased with facebook's
lack of action but to your point it's
not having significant impact and these
these boycotts these ad boycotts that
will last for some through july and
others until facebook make significant
changes also don't seem to be budging
the stock price much so what is what's
interesting or the beginning of july if
these boycotts continue through mid and
july and start really impacting the
numbers and more of those top 100
advertisers join in i think that's when
you'll start seeing some movement in the
stock price yeah because up to now big
names and we're showing just a few of
them including coca-cola that it carries
and on and on but in the vast scheme of
things it still represents about eight
or nine percent of revenue for the
company now that might change to your
point but in in the scheme of things
obviously you're running a company like
facebook you want to mitigate that
damage but what do you see happening
well you know if Mark Zuckerberg own
words are any indication he said in a
employee only meeting last week that
he's not concerned that the advertisers
will come back and that you know that
they're not going to change any policies
because of this advertising no I I think
that the
the continued pressure here from
advertisers and also very vocally from
these anti-defamation league and and
anti-discrimination groups will put some
pressure to take more action but again I
don't believe there is there clearly was
not communicated yesterday a definitive
action plan to take steps so I think
they're they're hedging their bets a
little bit on what exactly they do
specifically around that all-important
political advertising yeah you know um I
don't know what happened or what went
down at this meeting some anecdotal
reports from those who were there said
that Zuckerberg was actually kind of
condescending to their views in other
words what's the big deal I don't know
that's true and III just say that a
sentiment that built of frustration from
attendees that he was dismissive of
their concerns what do you think well it
certainly in some of the specific
language that was reported back out of
the meeting and from a few specific
there are different sources were that
some of the language he used did
downplay term there the importance of
their issue for example example using
words like you know I'm trying to
understand the nuance here and for these
organizations you know in their own
words white nationalism is not a nuance
it you know and and and this racism in
hate speech is not a nuance it's
something that needs to be addressed and
specifically for this upcoming election
you know needs to be you know Facebook
needs to take action to ensure that
votes are not voted or not you know
discouraged from showing up to the polls
and that we have a repeat of what we saw
from Russia during the last election
Shannon Windsor thank you very very much
it is the weirdest of all things it goes
to your point so far so far Facebook is
dodging on the real financial impact of
this but that could change