The proposal by Trillium Assets Management, which manages about $11 million in Facebook stock, said an independent chairman is needed to break up Zuckerberg's conflicting dual role as chairman and chief executive officer.
He said: "Our total revenue-growth rates will continue to decelerate in the second half of 2018, and we expect our revenue growth rates to decline by high-single-digit percentages from prior quarters sequentially in both Q3 and Q4".
The quarter was also marked by Europe's implementation of strict new data laws, which Facebook said led to fewer daily visitors in that region. Shares of Facebook fell 17 per cent in the days after news broke.
Facebook has faced dozens of lawsuits over its handling of user data in a scandal also concerning the United Kingdom firm Cambridge Analytica.
White House blames Iran over war of words with Trump - Ireland
In the case of North Korea, she pointed out, the crisis was declared over despite any nuclear weapons being dismantled. Germany is calling for restraint amid escalating rhetoric between the leaders of Iran and the United States.
Declining user growth, growing privacy awareness, and dwindling advertising profitability all seem to indicate trouble for the company in the future.
Dismal revenue, which initially pulled the stock down almost 9 percent on Wednesday, clearly was not the end for wounded investors.
That "bombshell", as one analyst termed it, played into concerns on Wall Street that Facebook's model could be under threat after a year that has been dominated by efforts to head off concerns over privacy and fake news.
"Unlike Netflix, whose quarterly shortfall we saw as temporary, here we see an evolution of the story, albeit a portion of which we expected", said Daniel Salmon, analyst at BMO Capital Markets.
According to the research firm, Facebook-owned Instagram is making up for some of the slowdown in growth at social network and will generate $8.06 billion in worldwide ad revenue this year.
TV's Roseanne says tweet 'cost me everything' but wasn't racist
She described her shock when she first found out that the tweet had been interpreted as a racial epithet. And you know I.I'm sorry if you felt harmed and hurt. "I mean seriously.
The company also said revenue growth from emerging markets and the company's Instagram app, which has been less affected by privacy concerns, would not be enough to fix the damage. For example, Google was able to wow investors this quarter even though the recent European Union fine destroyed operating margins, dropping them from 24% to 9% for Q2 2018.
For Facebook, a Wall Street darling even while members of Congress grilled its executives on Capitol Hill, the suits mark a turning point.
Facebook share prices dropped nearly 20 percent Thursday. "As we have written about extensively, the advertising industry - and digital advertising no less - has limits to growth, which we think is the primary factor constraining Facebook's revenue opportunity".
Facebook used to be made out of corporate Teflon.
"T$3 he number of daily active users on the platform - an important metric for judging the success of a website or app - only grew by 22 million - the lowest growth figure since 2011", Breitbart News divulged.
Ex-cricketer Khan leads Pakistan elections in early counting
A teenage girl took her mother on a motorcycle to vote for Khan, she said, because public transport was not available. Shehbaz Sharif, president of the Pakistan Muslim League-Nawaz, receives his ballot at a polling station in Lahore.
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