Posted by & filed under Accounting Careers, Ethics.

Description: Last week a lot of the business news was dominated by the story of former Facebook employee Frances Haugen, a whistle-blower who testified before the U.S. Senate regarding Facebook’s alleged choice of profit over user protection. Haugen also had released various documents to the news media, casting her former employer in quite a negative light. Some are wondering if Facebook may choose to take legal action against Hagen, despite her “folk hero” status.

Date:  October 9, 2021

Source:  cbc.ca

 Link: https://www.cbc.ca/news/business/facebook-whistleblower-frances-haugen-lawsuit-1.6206435

Discussion points:

1) Were you aware of the controversy generated by these latest disclosures about Facebook? Has this news impacted your use of either Facebook or Instagram?

2) Let’s assume you were a financial executive at Facebook. How would you advise senior management to proceed against Frances Haugen?

3) On page 2-19 of Wiley’s Financial Accounting: Tools for Business Decision Making, we read about the Price-Earnings ratio for Facebook. How would all the information swirling around Facebook these days likely impact this ratio?

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