Key Investor in the Platform Calls for Felony Investigations Into Facebook

One of its key investors and a man Mark Zuckerberg called his mentor, Roger McNamee, called for at least 6 criminal felony investigations of the social media behemoth Facebook at this year’s Web Summit in Lisbon, Portugal.

Business Insider: “I think there are at least six areas where felony investigations are warranted,” he told the audience:

• The US Securities and Exchange Commission should look at Facebook’s failure to disclose information about its business.
• Facebook allowed human trafficking on its platform and was “paid to enable it to happen”
• Facebook’s management was “complicit” in the “Stop the Steal” campaign which led to the January 6 insurrection on Capitol Hill.
• The company is the subject of a state attorney general investigation in Texas into whether Facebook worked with Google to fix prices. “The standard penalty for that is three and a half years in prison for all of the executives and it is the clearest cut case of price fixing in the United States in decades,” he railed.
• (McNamee didn’t elaborate on the other two investigations he believes are warranted.)

Perceptions of Facebook, Google, and other social media companies were largely negative suggesting a dramatic shift may be occurring faster than we could ever anticipated.