Mark Zuckerberg will return to Capitol Hill on Wednesday for another Congressional hearing. He also said at least one Facebook employee had been interviewed by special counsel Robert Mueller's office as part of its investigation of Russian interference in the 2016 United States presidential election.
Facebook CEO Mark Zuckerberg testifies before the House Energy and Commerce Committee. About 25 percent said they'd pay between $6 and $10 - or what Facebook is already making per user. He started off with an apology to USA lawmakers on Tuesday as he made a long-awaited appearance in the Congressional hearing since the data breach scandal broke.
On the question from Jan Schakowsky, a Democrat from IL, about how many companies did Kogan sell the data from Facebook to, Zuckerberg said that there are a handful of companies who got the user data harvested by Cambridge Analytica and he will follow up.
Rep. Pete Olson, R-Texas, using a phrase from his years in the Navy, warned Zuckerberg, "You're taking on water".
"The only way we're going to close this trust gap is through legislation that creates and empowers a sufficiently resourced expert oversight agency, with rulemaking authority to protect the digital privacy and ensure that companies protect our users' data". Citing a recent Facebook series about Patriots quarterback Tom Brady, Walden asked directly, "Is Facebook a media company?"
"This is a complex issue that deserves more than a one word answer", Zuckerberg said.
"Do not consider ourselves as a financial institution though we help people send each other money". We don't sell any user data. "We have to make sure people aren't using it to harm people or spread disinformation", Zuckerberg told the Senators.
"Do you know how many points of data Facebook has on the average non-Facebook user", asked Lujan.
SELYUKH: There have been a couple of things that Zuckerberg said that stood out to me. Users can view and remove their data stored with us and can also stop us from doing so, said Zuckerberg.
"Today the primary way that content regulation works here.is that people can share what they want on the service, and then if someone sees an issue they flag it to us, and then we will review it", he continued.
During the grilling session, a Senator asked Zuckerberg who owned an individual's presence online?
So for those who would be willing to pay for Facebook, how much would they be willing to pay? Yesterday produced a grand total of one good round of questions from Sen.
Beyond how Facebook profits off user data, questions also remain about how Cambridge Analytica and potentially other third parties used information people thought they were sharing only with Facebook.
It is prescription on how companies treat consumer data.
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