The Wall Street Journal on Friday published a piece by tech analyst Peter Kafka that outlined how the technology company is trying to find a way to take on Facebook and its “toxic” culture.
The piece was published as Facebook was forced to publicly address allegations that it routinely lied to investors about the amount of money it has invested in Facebook stock.
It was the latest move by the tech giant in an ongoing scandal that is being investigated by U.S. regulators.
Facebook shares are down more than 11% since Thursday morning after a report from Axios found that it had paid $1 billion in undisclosed cash to a hedge fund in exchange for a pledge to buy back shares of Facebook stock after it reported an underperformingly strong third quarter.
Shares in Facebook fell more than 8% on Friday, before recovering some of their losses.
Facebook has been under intense scrutiny in recent weeks as investigators look into how the company sold $200 million worth of Facebook shares in secret in 2014.