Meta doesn’t want the proposal to go up for a vote. The company didn’t deny there could be potential harms in the metaverse in its reply to the SEC, but argued that the proposal could be excluded under current regulations because it involves matters related to the company’s “ordinary business operations.”
Earlier this week, Arjuna Capital filed a lengthy rebuttal to Meta that cited a laundry list of the social media giant’s most famous scandals, from the Cambridge Analytica privacy lapse to its role in facilitating the deadly insurrection at the Capitol on Jan. 6, 2021. Open Mic Executive Director Michael Connor, whose group is working with Arjuna Capital, told me it’s because of that track record that an independent assessment of the technology underlying the metaverse is necessary.