FB has officially blamed George Soros for orchestrating a deliberate campaign against it in order to hurt the company.
Facebook admitted on Wednesday that a top executive hired the PR firm “Definers” in order to investigate George Soros and undermine critics of FB by publicizing their association with the Hungarian born Jewish billionaire.
Elliot Schrage, Facebook’s outgoing head of communications and policy, took responsibility for hiring Definers Public Affairs in a official memo published on the eve of the US Thanksgiving holiday:
"In January 2018, investor and philanthropist George Soros attacked Facebook in a speech at Davos, calling us a “menace to society.”
We had not heard such criticism from him before and wanted to determine if he had any financial motivation. Definers researched this using public information.
Later, when the “Freedom from Facebook” campaign emerged as a so-called grassroots coalition, the team asked Definers to help understand the groups behind them.
They learned that George Soros was funding several of the coalition members. They prepared documents and distributed these to the press to show that this was not simply a spontaneous grassroots movement."
In response members of Soros foundation and groups , acting as Soros mouthpieces, blamed FB for “anti semitism” and for spreading “conspiracy theories” about Soros.
Patrick Gaspard, the president of Soros’s philanthropic body, the Open Society Foundation, lambasted Facebook engagement with what he calls as “antisemitic tropes”.
The controversial billionaire’s hedge fund has had an up and down relationship with Facebook, reportedly selling off 300,000 shares in November 2017, then buying back in over the summer of 2018, even as Soros denounced social media as a “menace to society.”
George Soros sold off his stake in Facebook earlier this year, before the social media giant’s stocks tumbled drastically.
Soros has built up his considerable fortune through short-selling and currency speculation, most famously pocketing $1 billion by shorting the British pound in 1992.
Some of his profits have gone into funding a network of non-governmental organizations championing leftist causes in the US and across the world.
Facebook now joins to a growing list of countries and people which include Hungary's PM Viktor Orban, Israel's PM Benjamin Netanyahu, Turkey's president Recep Tayyip Erdoğan and US president Donald Trump who blame Soros for various activities which he carries out through his “Open Society” and other organizations and NGOs, which are aimed against them and their countries.