WASHINGTON — Facebook parent Meta Platforms Inc. said Wednesday it has canceled its sponsorship agreement with the organization planning the federal government’s commemoration of the 250th anniversary of the U.S., a project beset by internal strife and facing a discrimination lawsuit filed by female former executives. Meta META, +1.86% said in March it would review its ties to the U.S. Semiquincentennial Commission and its affiliated America250 Foundation following Wall Street Journal reports detailing feuds among the congressionally appointed commissioners and accusations of mismanagement and misuse of federal funds by former employees. “All the leadership dysfunction was super concerning,” a person familiar with the matter said. Daniel DiLella, a Philadelphia-area developer who is chairman of both the Semiquincentennial Commission and the America250 Foundation, didn’t immediately respond to a request for comment. Also popular on WSJ.com:More companies start to rescind job offers.

Source: Wall Street Journal June 23, 2022 09:14 UTC