Money: Facebook shares drop as execs quit, Christchurch live-stream shooting stirs outrage - PressFrom - Canada
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MoneyFacebook shares drop as execs quit, Christchurch live-stream shooting stirs outrage

22:20  15 march  2019
22:20  15 march  2019 Source:   reuters.com

Bangladesh cricketers avoid mosque shooting; match scrapped

Bangladesh cricketers avoid mosque shooting; match scrapped WELLINGTON, New Zealand - An international cricket match between New Zealand and Bangladesh has been cancelled after players from the visiting team narrowly avoided a mass shooting at a mosque in Christchurch on Friday. New Zealand Cricket chief executive David White said there had been a "joint decision" to call off the third test, which had been scheduled to start Saturday in Christchurch. "On behalf of New Zealand Cricket heartfelt condolences to those affected," White said. "I've spoken to my counterpart at Bangladesh cricket — we agree it's inappropriate to play cricket at this time. "Both teams are deeply affected.

Facebook shares drop as execs quit, Christchurch live-stream shooting stirs outrage© Reuters/Stephen Lam FILE PHOTO: Facebook Chief Product Officer Chris Cox speaks at Facebook Inc's annual F8 developers conference in San Jose

(Reuters) - Shares of Facebook Inc fell as much as 5 percent on Friday to their lowest in nearly three months after the surprise departure of Chief Product Officer Chris Cox, at a time when the company is again being scrutinized over its handling of privacy, extremism and political content.

Cox, a Wall Street favourite who has worked with Facebook founder Mark Zuckerberg for 13 years, led the social network's business development team and helped define the business model of its messaging service WhatsApp.

Trudeau offers condolences to New Zealand prime minister

Trudeau offers condolences to New Zealand prime minister OTTAWA - Justin Trudeau spoke with his counterpart in New Zealand on Saturday, offering his condolences for the 50 people killed and dozens injured following Friday's shootings at two mosques in Christchurch. 

"We believe Cox played a critical role in establishing FB's mission, values, and culture, and he was extremely well-regarded inside and outside the company, including by Wall Street," JPMorgan analysts wrote in a research note.

Also departing is WhatsApp Vice President Chris Daniels, adding to a string of recent high-profile exits from Facebook's product and communications teams.

Facebook, Twitter and Google were also facing another round of public discussions over extremist content on their platforms on Friday, after video footage of mass shootings in New Zealand was live streamed and widely shared online.

"The live-streaming of New Zealand's shooting will certainly bring on more questions of regulation and scrutiny over Facebook. It helped provide a platform for today's horrific attack and will undoubtedly be called into question for facilitating the spread of this," said Clement Thibault, analyst at global financial markets platform Investing.com.

Taika Waititi, Sam Neill, Russell Crowe react to New Zealand mass shootings

Taika Waititi, Sam Neill, Russell Crowe react to New Zealand mass shootings New Zealand mass shootings: Taika Waititi, Russell Crowe, Sam Neill react

Facebook shares drop as execs quit, Christchurch live-stream shooting stirs outrage© Reuters/Dado Ruvic FILE PHOTO: Silhouettes of laptop users are seen next to a screen projection of Facebook logo in this picture illustration

The gunman, who was part of attacks that killed 49 people in New Zealand, broadcast live footage on Facebook of the attack on one of the mosques, leading to calls for more content moderation by the social network.

Britain's interior minister Sajid Javid said social media firms must take action to stop extremism on their channels after Friday's shootings.

"You really need to do more @YouTube @Google @facebook @Twitter to stop violent extremism being promoted on your platforms," Javid wrote on Twitter.

The social media companies have said they would take down content involving the mass shootings, which were posted online as the attack unfolded.

Facebook has been investing heavily to weed out fake content from its platform and has hired thousands of employees for moderating content and suspended hundreds of suspicious accounts in different countries.

The company's shares were down 2.5 percent at $165.83 in midday trade.

(Reporting by Supantha Mukherjee in Bengaluru; Editing by Patrick Graham and Bernard Orr)

Scheer revises statement on terror attacks.
Conservative Leader Andrew Scheer has issued a revised statement on the terrorist attacks in New Zealand after being criticized for not mentioning that the attack was against Muslims at mosques during their Friday prayers. 

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