Sunday, 16 December, 2018

Five things we learned from Mark Zuckerberg's Facebook hearing

Five things we learned from Mark Zuckerberg's Facebook hearing Five things we learned from Mark Zuckerberg's Facebook hearing
Stacy Diaz | 13 April, 2018, 02:13

"Right there. Not buried in the settings somewhere but right there", the 33-year-old internet magnate told the U.S. House of Representatives energy and commerce committee.

"I think it's inevitable that there will be some regulation", Zuckerberg said, making rather vague promises to have "his team" get in touch with legislators.

Rep. Kathy Castor pressed Zuckerberg hard on whether and how Facebook tracks users after they are off the platform. Rep.

On Tuesday Mark Zuckerberg said he was open to the "right regulation" of Facebook but did not commit to any specifics.

The CEO said his data was included in the personal information that ended up in hands of Cambridge Analytica.

Lawmakers grilled him on Cambridge Analytica, a Republican-backed political consultancy firm that illegitimately acquired data from up to 87 million Facebook users.

But when faced with Congressional questions, Zuckerberg has been anything but transparent about how much responsibility his company should face for the ongoing scandal, which has led to some awkward exchanges. A day earlier Zuckerberg batted away often-aggressive questioning from senators who accused him of failing to protect the personal information of millions of Americans from Russians intent on upsetting the USA election.

"You don't even know all the kinds of information Facebook is collecting from its own users".

"I've just seen it over and over again - that we have the hearings, and nothing happens", Pallone said.

Lawmakers said repeatedly they think Facebook should probably be regulated.

Later, former Cambridge Analytica employee Christopher Wylie said that the data of more than 87 million Facebook users can be stored in Russian Federation. The notice says the app misused the information, including public profiles, page likes, birthdays and current cities, by sharing it with Cambridge Analytica.

"What we found now is that there's a whole program associated with Cambridge University where.there was a number of other researchers building similar apps", Mr Zuckerberg said.

It is claimed that CA harvested the information to psychologically profile voters in the 2016 USA presidential election.

Yet the company's share price continued to climb as Zuckerberg contritely answered Congress's questions.

At the same time, Zuckerberg was not willing to let that erode Facebook's fundamental model, in which advertisers make use of the massive data the social network collects on its users - what they like and dislike, where they go, who they link to - to pinpoint marketing targets.

The CEO was also asked about issues ranging from Facebook's approach to discriminatory housing ads to prescription drug sales on the social network to the diversity of its workforce.

"I started Facebook, I run it".