Facebook boss asked to resign

Mai Anh March 21, 2018 08:06

Tech investor Jason Calacanis advised Facebook's boss to resign and let COO Sheryl Sandberg take over after the user information leak scandal.

According toCNBCFacebook CEO Mark Zuckerberg has been criticized for his silence on the data breach. Prominent tech investor Jason Calacanis said Zuckerberg's handling of the crisis was "terrible" and that he should "step down as CEO of the company and let COO Sheryl Sandberg take over."

Mark Zuckerberg and Sheryl Sandberg.

Last weekend, the newspaperNew York Timesposted a shocking article about the information leak that is said to be the largest in Facebook history. Specifically, Cambridge Analytica - a data analysis company with offices in the UK and the US, was hired in June 2016 to analyze the personal information of more than 50 million Facebook accounts - equivalent to 25% of the US electorate before the election period.

According toCalacanis, during this crisis, Facebook CEO Mark Zuckerberg has "disappeared."

“This is a complete failure of leadership,” said the so-called “angel investor in the Internet,” adding that COO SherylSandberg is a “better communicator and leader, and can better address these issues. It’s time for her to take over as CEO.”

Affected, Facebook's stock price immediately fell nearly 7% on Monday. For the world's largest social network, the recent decline is very rare, causing tens of billions of dollars in market value to evaporate in just one day.

Jason Calacanis alsoFacebook is facing a real crisis and the situation is "very serious".While he can’t predict how consumers will react at this point, he thinks there will be other issues that will arise, such as acquiring other companies or attracting tech talent in the future.

Mai Anh