More fund managers put pressure on Facebook, Google and Twitter

Mon, 01 Apr 2019

By Jenny Ruth April 1 (BusinessDesk) - Another 18 local and international fund managers have joined the five New Zealand government-related fund managers who last month called for greater controls on multi-national social media owners Facebook, Twitter and Google. Spokesman for the initiative, the New Zealand Superannuation Fund chief executive Matt Whineray, says the 23 fund managers making the call have more than $800 billion in funds under management – the original five funds managed more than $90 billion. Facebook’s current market...

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