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That's just totally false, the Oversight Board was created, funded and structured by Facebook and therefore does not meet the definition of independent. It's ab
by 0xy 6y ago
That's just totally false, the Oversight Board was created, funded and structured by Facebook and therefore does not meet the definition of independent. It's about as "independent" as DoubleClick is of Google.
- ceejayoz 6y ago21st Century Fox was created, funded, and structured by News Corp. Are they still controlled by News Corp now and forever as a result? A $130M irrevocable trust to ensure their operations seems like a decent stab at ensuring they're not beholden to Facebook.
- 0xy 6y agoFacebook appointed every member of the board and directly funded it. Would you trust the BP Oversight Board, staffed 100% by people selected by BP, to police BP's emissions? Independent means independent.
- dbcurtis 6y ago> Intel was created, funded, and structured by Fairchild Semiconductor. Are they still controlled by Fairchild Wut? Read up on the “Traitorous Eight”.
- ceejayoz 6y agoYou're right, my bad. I was looking for corporate spin-off examples and grabbed a bad one. Updated with a better one.