[stevetodd]

> Scott Pelley: What is the legal theory behind going to the SEC? What laws are you alleging have been broken?

> John Tye: As a publicly-traded company, Facebook is required to not lie to its investors or even withhold material information. So, the SEC regularly brings enforcement actions, alleging that companies like Facebook and others are making material misstatements and omissions that affect investors adversely.

[propergentle44]

How would any of this information affect investors adversely? What she revealed is that they actually are doing what is in the best interest of the shareholders. The users are not the investors. She just revealed what we all already know and what FB has known all along…that high engagement doesn’t mean the content is worth sharing at scale in all cases, and deciding whether that line is, is often very difficult and technology/rules need to catch up to solve that problem.