Facebook employees are speaking out this weekend about Facebook CEO Mark Zuckerberg’s lack of movement to take down President Trump’s posts. Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Dan Howley break down the details.

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Click here to read the full article. Multiple Facebook employees publicly criticized CEO Mark Zuckerberg's decision to not take down Donald Trump's racially charged post suggesting Minneapolis rioters would be shot at.Zuckerberg, in a post Friday on Facebook, said while Trump’s message included a “troubling historical reference” — specifically, the phrase "when the looting starts, the shooting starts" — and while Zuckerberg personally disagreed with the president's inflammatory rhetoric, Facebook decided to not remove it to "enable as much expression as possible."Over the weekend, Facebook staffers took to Twitter to voice disagreement with Zuckerberg, with some lauding Twitter's decision to add a warning label in front of Trump's tweet because it broke Twitter rules against glorifying violence."There isn't a neutral position on racism," Facebook design manager Jason Stirman said on Twitter. "I'm a FB employee that completely disagrees with Mark's decision to do nothing about Trump's recent posts, which clearly incite violence. I'm not alone inside of FB."“Mark is wrong, and I will endeavor in the loudest possible way to change his mind,” Ryan Freitas, director of product design for Facebook’s News Feed, wrote in a tweet. He said he "focused on organizing 50+ like-minded folks into something that looks like internal change."Trump’s “looting-shooting” comment "encourages extra-judicial violence and stokes racism. Respect to @Twitter’s integrity team for making the enforcement call," tweeted David Gillis, a Facebook director of product design. He added that "when we have to vigorously debate whether to make an exception to the way we interpret and enforce a given policy (as happened on Friday), this often indicates that said policy needs to evolve. I think that is the case here."And Jason Toff, a Facebook product management director, wrote: “I work at Facebook and I am not proud of how we’re showing up. The majority of coworkers I’ve spoken to feel the same way. We are making our voice heard.”"Disappointed that, again, I need to call this out: Trump's glorification of violence on Facebook is disgusting and it should absolutely be flagged or removed from our platforms," Brandon Dail, a user-interface engineer at Facebook, said. "I categorically disagree with any policy that does otherwise."Facebook representatives did not respond to requests for comment about employees speaking out against Zuckerberg.Meanwhile, on Friday, Trump called Zuckerberg, during which the Facebook chief "expressed concerns about the tone and the rhetoric" of the president's "looting and shooting" remark, Axios reported. Citing anonymous sources, the Axios report said that Zuckerberg, while he "didn't make any specific requests," told Trump he was "putting Facebook in a difficult position."Amid the nationwide protests and civil unrest over Floyd's murder and police brutality, Instagram said in a post early Monday that its parent company is committing $10 million toward "ending racial injustice." Facebook joins a chorus of other companies supporting the Black Lives Matter cause."Time and time again, we have seen that the Instagram community has the power to bring about meaningful change," the Instagram post said. "The more we ShareBlackStories, the more we raise voices that make a lasting impact. To continue that impact, @facebook is pledging $10 million to efforts committed to ending racial injustice. BlackLivesMatter.⁣"

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Nio Inc. – ADR (NYSE: NIO) Chief Executive Officer William Li on Sunday told Bloomberg that the Chinese electric vehicles maker sees rival Tesla Inc. (NASDAQ: TSLA) more as an ally than a competitor.What Happened "We do compete against each other, but in general we are allies," Li said, as reported by Bloomberg, pointing out that the two companies are working to grab the market from gasoline-based automakers rather than each other."In fact, our sales kept growing since Tesla started production in Shanghai," he added.Li's comments come days after Nio reported mixed earnings for the first quarter this year, as the COVID-19 pandemic took toll.It posted a loss per ADS of 22 cents, narrower than the analyst consensus of 26 cents, and highlighted enhanced cost control measures taken in the quarter.What's Next Li told Bloomberg that the long-term growth outlook for the electric vehicles market in China remains the same despite the temporary impact from the pandemic.Nio said in the earnings report that it expected both car sales and revenue in the second quarter to double year-on-year.According to Li, the company has "secured sufficient funding" for its development post the billion financial commitment received from a set of strategic investors back in April, Bloomberg reported.Li added that Nio doesn't have any concrete plans to list its shares in China, even as Chinese companies listed in the United States face increased scrutiny."This isn't a challenge for Nio only," Li said, as per Bloomberg. "We wouldn't exclude any potential options."Price Action Nio shares closed nearly 4% higher at $3.98 on Friday and were mostly unchanged in the after-hours session.Tesla shares closed 3.6% higher at $835 the same day and added another 1% in after-hours at $842.75.Image Credit: Courtesy of Nio.See more from Benzinga * Trump Sheltered In Underground Bunker As Protests Raged Outside The White House On Friday * House Republicans To Introduce Bill Banning Investments In China-Linked Foreign Defense Companies * Trump Had A 'Productive' Call With Facebook CEO Day After He Signed Executive Order Targeting Social Media: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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