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Market Cap C$ 87,885,000
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Globe says criticizing Israel leads to Meta boycott

2023-10-30 08:06 ET - In the News

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The Globe and Mail reports in its Saturday edition that Paddy Cosgrave built a reputation as a particularly outspoken figure in an industry with no shortage of vocal leaders. The Globe's Temur Durrani writes that now Mr. Cosgrave is paying a heavy price for his unrestrained commentary. The source of his recent troubles is widespread backlash to social-media posts he made this month about the Israel-Hamas war, in which he criticized Western support for Israel. He resigned last week as chief executive officer of Web Summit, one of the world's largest hosts of tech-focused events, including Toronto's Collision conference, leaving the company without a leader just weeks before its flagship gathering in Lisbon. His Web Summit co-founders, David Kelly and Daire Hickey, wrote this week to the company's board to call for him to give up his stake in the business, citing distractions created by his comments. In his comments, Mr. Cosgrave lauded Ireland, his home country, for its calls on the European Union not to suspend aid to Palestinians, and said that although Israel has a right to defend itself, it should not break international law. That was enough for Alphabet, Meta, Amazon, TikTok and Intel to bow out of the Web Summit in Lisbon.

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