The New York Daily News reports:
The parents of a Sandy Hook shooting victim accused Facebook CEO Mark Zuckerberg of “providing a safe haven for hate” and implored him to take action against the conspiracy theorists who continue to hound them six years after their child’s death. Leonard Pozner and Veronique De La Rosa’s 6-year-old son Noah was killed at Sandy Hook Elementary School in December 2012. Six educators and 20 other children, all of them under the age of 7, also died in the shooting.
The parents continue on to say they and the relatives of other victims have been threatened and bullied on social media and in person by those who believe the Sandy Hook Massacre is a government hoax. “Our families are in danger as a direct result of the hundreds of thousands of people who see and believe the lies and hate speech, which you have decided should be protected,” they wrote, noting they personally have sought legal help for credible threats.
CNBC has a very related story:
Wall Street is surprised over Facebook’s lower profit margin guidance, driving at least three Wall Street firms to lower their ratings on the social media giant’s shares and slash their price targets. The company on Wednesday reported slightly lower-than-expected second-quarter sales and daily active user numbers. But the bigger disappointment was its guidance for slower sales growth for the third and fourth quarters and a dramatically reduced forecast for long-term profit margins.
Chief financial officer David Wehner said the company’s operating profit margin will fall to the “mid-30s on a percentage basis” over a more than two-year period, compared with second-quarter operating margin of 44 percent. Facebook shares plunged more than 20 percent in after-hours trading Wednesday after the guidance. The stock is down 18.7 percent Thursday to $176.78.
More from Bloomberg:
Mark Zuckerberg is counting the cost of user disenchantment with Facebook Inc. His fortune tumbled by $16.8 billion in late trading Wednesday, as shares of the social media giant slid 20 percent at 5:37 p.m. in New York on disappointing results. If that holds through Thursday’s close, he will slide to sixth place from third on the Bloomberg Billionaires Index. It would also wipe his $13.7 billion of gains for the year, leaving him with just less than $70 billion.