JLens Urges Meta Shareholders to Vote FOR Proposal 8 at the Company’s Annual Meeting on May 27, 2026

Proposal Seeks Greater Accountability and Insight Into Effectiveness of Meta’s Content Moderation and Enforcement Practices in Combating Antisemitism and Other Hate Content on its Platforms and Services

A Similar Proposal Presented at Last Year’s Annual Meeting Won Support from Nearly 47% of Votes Cast By Meta’s Independent Shareholders

NEW YORK--(BUSINESS WIRE)--JLens, a Registered Investment Advisor that empowers investors to align their capital with Jewish values, is calling upon shareholders of Meta Platforms, Inc. (NASDAQ: META) (“Meta” or the “Company”) to vote FOR Shareholder Proposal 8, which JLens has submitted for shareholder consideration at the Company’s Annual Meeting, to be held on May 27, 2026.

The exact language of Proposal 8 reads as follows:

RESOLVED: Shareholders request that Meta Platforms, Inc. prepare a report, at reasonable cost and omitting proprietary information, detailing the company’s policies, practices, and effectiveness in addressing antisemitism and other forms of online hate on its platforms and services. The report should evaluate the adequacy of moderation, enforcement, user protection, ad policies, and transparency efforts, with findings made publicly available within one year.

JLens believes that a detailed report on Meta’s efforts to combat antisemitism and other forms of online hate would provide shareholders critical insights into corporate policies while protecting users from harm. JLens argues that ineffective content moderation may drive users to platforms with stronger protections and deter advertisers that prioritize brand safety, thereby reducing engagement and revenue.

“Meta says its mission is to ‘build connection and community’ and ‘give people a voice.’¹ The reality on its platforms tells a very different story,” said Ari Hoffnung, Managing Director of JLens. “When antisemitism and hate are amplified instead of addressed, it’s not just a failure of values — it’s a direct risk to the integrity and credibility of a business where roughly 97% of revenue comes from advertising.”

2026 Proposal Builds on Prior Shareholder Support

A similar proposal submitted by JLens at Meta’s 2025 Annual Meeting received nearly 47% support from the votes cast by the Company’s independent shareholders, making it the highest-performing human rights-related shareholder proposal of the 2025 proxy season at any U.S. company. Last year’s proposal also was supported by leading independent proxy advisors Institutional Shareholder Services and Glass Lewis & Co.

Research Highlights Platform Risks

In support of this year’s proposal, JLens cited a recent report by the ADL Center on Extremism, which noted that Meta’s inadequate content moderation policies risk turning its Instagram platform into, “a breeding ground for antisemitism, white supremacy and terrorist propaganda.”

The report – How Meta's Content Moderation Changes Risk Turning Instagram into a Hub for Hate – revealed that Instagram failed to remove 93% of hateful and extremist content identified by researchers when reported by an average user, including posts linked to white supremacist networks, designated Foreign Terrorist Organizations, and vendors selling Nazi merchandise.

Meta’s Own Oversight Board Raises Concerns About Policy Rollbacks

Meta’s own independent Oversight Board has also raised concerns about the company’s rollback of fact-checking and content moderation policies, warning the changes were implemented hastily and without adequate human rights review. The Oversight Board has since identified additional risks to vulnerable communities and questioned whether Meta has properly assessed or mitigated the harms of these changes.²

Recent Litigation Highlights Risks to Users and Shareholders

JLens notes that Meta has recently lost several high-profile court cases arising from claims that the Company failed to adequately protect users. For example, In March 2026, a New Mexico jury found Meta liable for misleading consumers about the safety of its platforms and endangering children, and ordered the Company to pay a total of $375 million in civil penalties for violating state consumer protection laws.

“The evidence is coming from every direction — independent research, Meta’s own Oversight Board, and the courts — and it all points to the same conclusion: Meta has repeatedly failed to safeguard users from hate and other dangerous content, posing material risks to long-term profitability and shareholder value,” said Mr. Hoffnung. “Shareholders should use their vote to ensure the Company is properly addressing these risks.”

JLens has filed a Notice of Exempt Solicitation with the U.S. Securities and Exchange Commission to provide additional context and rationale for the shareholder proposal.

About JLens

Founded in 2012, JLens is a 501(c)(3) nonprofit and Registered Investment Advisor that empowers investors to align their capital with Jewish values and advocates for Jewish communal priorities in the corporate arena. JLens’ Jewish Investor Network is composed of 40 Jewish institutions, representing $12 billion in communal capital. In 2022, JLens established an affiliation with ADL (Anti-Defamation League), the leading anti-hate organization in the world. More at www.jlensnetwork.org.

PLEASE NOTE: THIS IS NOT A PROXY SOLICITATION AND NO PROXY CARDS WILL BE ACCEPTED. JLens is not asking for your proxy card and cannot accept your proxy card. Please DO NOT send us your proxy card. JLens has filed a Notice of Exempt Solicitation with the U.S. Securities and Exchange Commission pursuant to Rule 14a-6(g).

This communication is for informational and advocacy purposes only and does not constitute investment advice or a recommendation regarding any security. JLens is a Registered Investment Advisor. The views expressed are JLens’ opinions, based on publicly available information, and are subject to change; any discussion of business impact, risk, or shareholder value is forward-looking and uncertain. JLens’ positions on shareholder proposals are values-based, grounded in Jewish ethical and communal priorities, and are not intended as assessments of investment performance, financial returns, or portfolio optimization. References to past proposal support or litigation are for context only and are not predictive.

^1 Meta Platforms, Inc. (2022). Code of conduct. https://s21.q4cdn.com/399680738/files/doc_downloads/governance_documents/2022/06/FB_CoC_EXTERNAL_en_EN_Update_Final-6_2-FINAL-ua.pdf

^2 Oversight Board, “Assessing Meta’s Plans to Expand Community Notes,” Oversight Board (March 26, 2026), https://www.oversightboard.com/decision/pao-007g5zuv/