Facebook (FB) Not Working Directly with NSA; COO Sandberg Has No Plans to Leave
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Facebook (Nasdaq: FB) is lower on Tuesday's session as the company is holding its annual meeting. The following are a few snippets from the event, not verbatim:
- Mark Zuckerberg is "disappointed" in the company's stock performance;
- Facebook doesn't work directly with the National Security Agency to proactively provide data;
- No agency can plug directly into servers for information;
- The company gives "minimum" amount of information to the government upon requests;
- Sheryl Sandberg has no plans to step down as COO;
- Zuckerberg said the company' is "tweaking" its Home product for Google (Nasdaq: GOOG) Android;
- The company will stay focused on investing at this point, versus paying dividends; and
- Sandberg said "likes" and comments are up 50 percent per person in the past year, a hint at more user engagement
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