$280 billion fund wants to boot Meta and Twitter admins after Buffalo shooting

  • A $280 billion fund invested in Meta and Twitter wants to kick off all directors of both companies.
  • He accused the companies of allowing hate material from the Buffalo shootings onto their platforms.
  • It marked the “latest example” of companies failing to contain hate speech, the fund said.

A $280 billion fund invested in Meta and Twitter wants every director on every company’s board of directors over failures related to how hateful content was controlled in the wake of the Buffalo mass shooting.

New York State Comptroller Thomas DiNapoli, administrator of the New York State Common Retirement Fund, said in regulatory filings Monday that his fund will vote against the re-election of all directors of Meta and Twitter when of their upcoming annual meetings, both scheduled for Wednesday. .

A gunman fatally shot ten people in Buffalo, New York, in a racist attack on May 14. Of the 13 people injured or killed in the attack, 11 were black. The shooter streamed footage of the attack live on Twitch, echoing the 2019 attack in Christchurch, New Zealand, in which a gunman streamed footage live on Facebook.

Meta’s board includes CEO Mark Zuckerberg and COO Sheryl Sandberg. Twitter’s board includes co-founder and ex-CEO Jack Dorsey as well as current CEO Parag Agrawal.

DiNapoli wrote in documents filed Monday that Meta and Twitter failed to enforce safety standards after the Buffalo shooting. He cited reports that clips and screenshots of the shooter’s live broadcast of the attack had circulated on Meta and Twitter platforms, as had excerpts from a racist manifesto written by the suspect.

“This is just the latest example of Meta’s failure to enforce its Community Standards and Guidelines to control the dissemination of hate speech and content that incites violence,” DiNapoli wrote in a filing, making the same accusation. against Twitter in the other file.

He added: “Meta’s future success is threatened by its repeated failure to adhere to its policies and its association with those who incite violence and spew hate speech through the company’s platforms.”

DiNapoli said his fund held $1.1 billion in Meta shares and $34.6 million in Twitter shares as of March 31.

Meta and Twitter did not immediately respond when contacted by Insider for comment.

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