Facebook investors sound off about Zuckerberg after stock plunges 40 percent in four months
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.
The world's largest asset manager missed profit estimates, as investment advisory and securities lending revenue fell and costs rose.
Shares of the social network have tumbled almost 40 percent since reaching a high on July 25, even after a modest rebound on Monday.
The company has faced a barrage of attacks related to the numerous ways the platform has been manipulated to spread false information and for leadership's insufficient and controversial response, which the New York Times detailed in a lengthy investigative report earlier this month.
But Facebook's slide started well before that and the stock has badly underperformed the Nasdaq and its big-tech peers this year.
Facebook's business model, which relies on a growing number of users to share more information and for advertisers to continue to pay up to reach them, starts to look shaky as trust in the network deteriorates. Yet at the top of the company, CEO Mark Zuckerberg, 34, has so much ownership and control that the board and shareholders have a very limited ability to exert any influence.
"There's nobody who Zuckerberg has to report to or listen to to ensure he doesn't make stupid decisions," said Julie Goodridge, CEO of Northstar Asset Management, which owns 23,500 Facebook shares.
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