logo
Exclusive: Meta adds Dina Powell McCormick, Patrick Collison to board

Exclusive: Meta adds Dina Powell McCormick, Patrick Collison to board

Axios11-04-2025

Dina Powell McCormick, a prominent banking executive and former Republican official, and Stripe CEO Patrick Collison are joining Meta's board, Axios has learned.
Why it matters: It's part of a broader effort by Meta to expand its board to include more global business experts. The appointments also come as the company looks to curry favor with the Trump administration.
Powell McCormick previously served as deputy national security adviser to President Donald Trump in his first term and served as assistant secretary of state for State Secretary Condoleezza Rice under President George W. Bush.
State of play: Powell McCormick is joining Meta for the first time. Collison was formerly part of Meta's Advisory Group.
Both appointments take effect April 15.
Current Meta board members include a slew of global business and tech experts, such as Silicon Valley investor Marc Andreessen, DoorDash co-founder and CEO Tony Xu, and Broadcom CEO Hock Tan.
Between the lines: Both Powell McCormick and Collison have experience working with small and medium-sized businesses globally, a group that Meta relies on heavily for ad revenue.
Powell McCormick spent 16 years in senior leadership roles at Goldman Sachs and led the company's 10,000 Small Businesses initiative. She is currently vice chair, president and head of global client services at BDT & MSD Partners, a powerful merchant bank based in Chicago. She is married to U.S. Sen. David McCormick (R-Pa.).
Collison is the co-founder and CEO of Stripe, a lucrative fintech company that provides businesses payment processing and business management tools. He is also a co-founder of the Arc Institute, a biomedical research organization.
What they're saying:"Patrick is deeply committed to expanding economic opportunity, and Dina has a long career advocating for economic development and supporting entrepreneurs. Their perspective will be extremely valuable to businesses that rely on our services to grow," Meta founder and CEO Mark Zuckerberg said in a statement.
"Between WhatsApp, Instagram and Facebook, Meta is one of the internet's most important platforms for businesses. I look forward to helping them navigate the abundant opportunities of the coming years," Collison said.
"I'm excited to bring my experience in finance, government and economic development to support the people and entrepreneurs who use Meta's services," Powell McCormick said.
The big picture: Meta has pushed to make further inroads with Republicans ahead of a landmark antitrust trial beginning Monday.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Brazil's Supreme Court justices agree to make social media companies liable for user content
Brazil's Supreme Court justices agree to make social media companies liable for user content

Yahoo

time29 minutes ago

  • Yahoo

Brazil's Supreme Court justices agree to make social media companies liable for user content

BRASILIA, Brazil (AP) — The majority of justices on Brazil's Supreme Court have agreed to make social media companies liable for illegal postings by their users. Gilmar Mendes on Wednesday became the sixth of the court's 11 justices to vote to open a path for companies like Meta, X and Microsoft to be sued and pay fines for content published by their users. Voting is ongoing but a simple majority is all that is needed for the measure to pass. The ruling will come after U.S. Secretary of State Marco Rubio warned of possible visa restrictions against foreign officials allegedly involved in censoring American citizens. The only dissenting Brazilian justice so far is André Mendonça and his vote was made public last week. The social media proposal would become law once voting is finished and the result is published. But Brazil's Congress could still pass another law to reverse the measure. The current legislation states social media companies can only be held responsible in those cases if they do not remove hazardous content after a court order. Mauricio Savarese, The Associated Press

Brazil's Supreme Court justices agree to make social media companies liable for user content
Brazil's Supreme Court justices agree to make social media companies liable for user content

Associated Press

time34 minutes ago

  • Associated Press

Brazil's Supreme Court justices agree to make social media companies liable for user content

BRASILIA, Brazil (AP) — The majority of justices on Brazil's Supreme Court have agreed to make social media companies liable for illegal postings by their users. Gilmar Mendes on Wednesday became the sixth of the court's 11 justices to vote to open a path for companies like Meta, X and Microsoft to be sued and pay fines for content published by their users. Voting is ongoing but a simple majority is all that is needed for the measure to pass. The ruling will come after U.S. Secretary of State Marco Rubio warned of possible visa restrictions against foreign officials allegedly involved in censoring American citizens. The only dissenting Brazilian justice so far is André Mendonça and his vote was made public last week. The social media proposal would become law once voting is finished and the result is published. But Brazil's Congress could still pass another law to reverse the measure. The current legislation states social media companies can only be held responsible in those cases if they do not remove hazardous content after a court order.

White House Hints at Thawing of Trump-Musk Feud
White House Hints at Thawing of Trump-Musk Feud

Yahoo

time42 minutes ago

  • Yahoo

White House Hints at Thawing of Trump-Musk Feud

Elon Musk shakes hands with President Donald Trump in the Oval Office of the White House on May 30, 2025, days before a feud erupted between them over social media. Credit - Kevin Dietsch—Getty Images The President of the United States and the world's richest man may be tired of fighting. After Elon Musk wrote Wednesday on X that he regretted some of the things he posted about President Donald Trump the week before, Trump hinted he was ready to move on. It was 'very nice' Musk expressed regret, Trump told the New York Post in a phone interview Wednesday morning. Trump's White House Press Secretary Karoline Leavit echoed that sentiment speaking with reporters Wednesday afternoon. 'The President acknowledged the statement that Elon put out this morning and he is appreciative of it. We are continuing to focus on the work of the American people,' Leavitt said. Last week, Trump publicly threatened to terminate Musk's government contracts as a feud between the two men unfolded on social media spat. Musk's companies SpaceX and Tesla have benefited from tens of billions in subsidies, contracts and tax breaks over the years. But it appears Trump hadn't yet followed through on that threat. Asked if Trump had moved to block government funds going to Musk's companies, Leavitt said, 'No efforts have been made on that as far as I'm aware.' The very public breakup between Trump and Musk began last week over Musk's opposition to the massive tax-and-spending bill that Republicans are trying to push through Congress. The bill is the centerpiece of Trump's domestic agenda. The Congressional Budget Office estimates the current version of the bill would add $2.4 trillion to the deficit over 10 years. As both men attacked one another, Musk claimed Trump wouldn't have won the 2024 election without him and, in what Musk described as 'the really big bomb,' wrote in a post on X—without evidence—that Trump is named in the case files of convicted pedophile Jeffrey Epstein, and suggested that was the reason the full files have not been made public. Musk's message was later deleted. Then early Wednesday, Musk posted on X: 'I regret some of my posts about President @realDonaldTrump last week. They went too far.' Contact us at letters@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store