Mar 26, 2018

Why Mark Zuckerberg won't be fired

Photo Illustration: Sarah Grillo / Axios

"Fire Mark Zuckerberg" has become a rallying cry for the #DeleteFacebook crowd, as controversy continues to swirl over revelations that 50 million users had their personal data improperly accessed by a Trump-linked analytics firm.

Reality check: Zuck isn't going anywhere.

  • For starters, Zuckerberg has so much voting stock that the board can't technically fire him, even if it wants to (which it doesn't).
  • He could always step down under internal pressure, but it's hard to imagine he'd do so given his longstanding emphasis on founder control. And, again, this isn't like the situation at Uber where board members think they've been misled.
  • Second, there is no obvious successor. The rest of his co-founders are long gone, and number two Sheryl Sandberg would seem to have just as much culpability for what's gone wrong.

But there is one place Mark Zuckerberg is almost certain to go, whether he wants to or not: Capitol Hill.

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Coronavirus updates: First case in sub-Saharan Africa confirmed

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Nigeria confirmed its first novel coronavirus case in an Italian who flew to Lagos from Milan — the first known case in sub-Saharan Africa. The World Health Organization has been working to prepare Africa's health care systems to be ready for the outbreak, which is now also confirmed in Algeria and Egypt.

The big picture: COVID-19 has killed more than 2,850 people and infected over 83,700 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

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Ad spending on 2020 primary tops $1 billion

Illustration: Aïda Amer/Axios

Spending on the 2020 presidential primary has officially surpassed the $1 billion mark, with more than half of that total coming from billionaire Michael Bloomberg, according to data from Advertising Analytics.

Why it matters: It's the most money that has been spent this early on in an election cycle in U.S. history.

The growing coronavirus recession threat

Illustration: Aïda Amer/Axios

In just a matter of weeks, top economists and investment bank analysts have gone from expecting the coronavirus outbreak to have minimal impact on the U.S. economy to warning that an outright recession may be on the horizon.

What's happening: The spread of confirmed coronavirus cases in Europe, the Middle East and the U.S., and the speed at which they are being discovered has set the table for the outbreak to have a larger and much costlier impact.