investors, a wide range of misconduct by facebook. lying to investors about what? everything from how much hate speech is removed from the platform to the serious problems they ve had expanding user demographics, american teens others, and other issues, for instance, how many users are targeted with ads misrepresentations to advertisers. if you re lying to investors, is that fraud? possibly. this will be up to the sec to determine and others. so frances has made disclosures first to the sec, which obviously has jurisdiction to supervise publicly traded companies like facebook, to several state attorneys general including california, vermont, nebraska, tennessee,