Sandberg ordered Facebook staff to probe critic Soros
÷FACEBOOK Chief Operating Officer Sheryl Sandberg told employees to investigate financial dealings by George Soros, pictured, the billionaire who criticised the company at the World Economic Forum in Davos in January.
Sandberg wanted to determine whether Soros had a financial incentive to see the company’s share price decline, the social networking giant said. It added it had been looking into his holdings and trading activity. “That research was already under way when Sheryl sent an email asking if Soros had shorted Facebook’s stock.” Soros’s family office, Soros Fund Management, sold out of its position in Facebook in the third quarter, according to a filing. It had held 159,200 shares in Facebook, as of the prior quarter, valued at $31m.
Sandberg has come under fire for Facebook’s handling of a rising tide of criticism, much of it related to the spread of disinformation across the social network. She initially denied knowing that the company had hired public relations firm Definers, which drew links between Soros and some of the company’s critics. Sandberg later conceded that “some of their work was incorporated into materials presented to me and I received a small number of emails where Definers was referenced”.