I have no plan to step down: Mark Zuckerberg

TIL Desk/Business/San Francisco/ Despite mounting pressure from investors to step down as Facebook chairman as the social media firm faces intense scrutiny on data scandals, Mark Zuckerberg has said he has no plans to retire.

In an interview on Tuesday, he said this was not the time for him to quit as Facebook shares ended at $132.43 — down 40 per cent from its peak in July.

“That’s not the plan. I’m not going to be doing this forever, but I’m not currently thinking that makes sense,” said the Facebook CEO.

The interview came after Zuckerberg and COO Sheryl Sandberg “ignored warning signs” of the Cambridge Analytica scandal and hired a Republican-owned political consulting and PR firm to “dig up dirt” on competitors.

“I do run the company. I am responsible for everything that happens here. I don’t think this point was about a specific PR firm; it’s about how we act,” Zuckerberg said during the interview.