Facebook Contributions Scrutinized and 4 Social Media Stocks Seeing Action
Facebook, Inc. (NASDAQ:FB): Current price $28.14
Facebook has been accused of making financial contributions to charities that independently advise them about child protection. John Carr, a government-appointed executive board member of the United Kingdom’s Council for Child Internet Safety, reportedly accused the social network of “cynical window dressing” in their approach to child welfare. This was after a newspaper revealed that five charities on Facebook’s safety advisory board allegedly received “contributions” that could possibly compromise their independence.