Jim Carrey Says Investors Should Dump Facebook Stock

Wednesday, 07 Feb, 2018

What we need now are activist investors to send a message that responsible oversight is needed.

Carrey made the decision earlier this week, several months after Facebook admitted that up to 126 million people were exposed to Russian-purchased ads meant to sway Americans in the 2016 presidential election, CNBC reported.

Comedian and actor Jim Carrey announced on Twitter Tuesday that he would delete his Facebook page, which had five million followers, and sell all of his Facebook stocks, because Facebook "profited from Russian interference" during the 2016 presidential election, and "they're still not doing enough to stop it". "I encourage all other investors who care about our future to do the same", he wrote, adding the hashtag #unfriendfacebook.

Facebook, which has more than 2 billion monthly active users worldwide, has vowed to step up its efforts to protect election integrity. Russian officials have denied meddling in the presidential election, but social media companies discovered Kremlin-linked accounts. Initially CEO Mark Zuckerberg said the idea of Facebook impacting the elections was "crazy", but later apologized for dismissing the real concerns. The company has also said its algorithms recommended content created by Russian operatives. "What the world needs now is capitalism with a conscience".

USA intelligence agencies concluded early past year that Russian President Vladimir Putin had ordered a complex influence campaign to hurt Hillary Clinton's campaign, undermine American democracy and help Trump win the election.

Over the past few months, Facebook has introduced multiple measures to address fake news and suspicious content on its site.

In a longer statement, Carrey said that the United States "enjoyed a geographical advantage in the world with oceans on both sides to protect it". The company confirmed last September it had provided Congress with over 3,000 ads that were linked to a Russian ad agency during the election time period.