Facebook CEO Zuckerberg Resists Effort To Committing Him To The Regulation

Facebook CEO Zuckerberg Resists Effort To Committing Him To The Regulation


The Facebook Chief Executive Mark Zuckerberg on Tuesday navigating through the first of the two US congressional hearings without making any further promises to support new legislation or change how the social network do the business.

During nearly five hours of the questioning by 44 US senators, Zuckerberg repeating to apologies he previously made for a range of problems that have beset the Facebook, from a lack of data protection to the Russian agents through using they Facebook to influence our elections.

But the 33-year-old Internet mogul managing to deflect any specific promises to support any congressional regulation of the world’s most extensive social media network and other US Internet companies.

“I will have my team following up with you so that we can have this discussion across the different categories where I think this discussion needs to happen,” Zuckerberg tells a joint hearing by the US Senate’s Commerce and Judiciary committees when asking what regulations, he thinks where necessary.

The Investors impressed with his performance. Sharing in a Facebook posted their biggest daily gain in nearly two years, closing up to 4.5 percent.

The shares are feeling steep last month after it came to a light that millions of the users’ personal information were harvesting from Facebook by Cambridge Analytical, a political consultancy that has counting U.S. President Donald Trump’s election campaign among its clients. The latest estimation of affecting users is up to 87 million.

That disclosure is pitching Facebook into a crisis of confidence among the users, advertisers, employees and investors who were already struggling with the Facebook’s reaction to the fake news and its role in the year 2016 election.

The Packed hearing

The crowding Senate hearing was not without theatrics, although most were from the audience, like an activist dressing in the costume as a Russian internet “troll.” On the Twitter, observers are seeming obsessing with an extra cushion on the Zuckerberg’s chair that was dubbing his “booster seat.” A photojournalist for the Associating Press taking a picture of his prepared talking points and the photo is publishing on the Twitter.

The Senate hearing ending just past 7 pm (2300 GMT), and the second session before a House of the Representatives committee is scheduling for Wednesday at 10 a.m.

Wearing a dark suit and tie of typical T-shirt and jeans, Zuckerberg remaining mostly unruffled and severe as senators questioning him. But some senators did provoke a reaction. Zuckerberg was asked whether Facebook was a monopoly. “It certainly does not feel that way to me,” he says, breaking into a smile as the audience laughing.

But the senators who are asking sharp questions were often at a disadvantage because each has only five minutes to pin down the billionaire.

The Democratic Senator Kamala Harris, from Facebook’s home state of California, asking a line of questions about whether Zuckerberg or his senior executives considering to notifying Facebook users of the data breach. She was among the lawmakers dissatisfy.

“Mark Zuckerberg’s failure to answer the several critical questions on his appearance before the Senate today leaves me concerning about that much Facebook values trust and transparency,” she writes on the Twitter.

Seeing a connection

Facebook CEO Zuckerberg Resists Effort To Committing Him To The Regulation

The Facebook is disclosing in September that Russians under fake names using the social network to try to influence the US voters in the months before and after the year 2016 election, writing about the inflammatory subjects, setting up the events that buy an advertisement.

“We believe it entirely possible there will be the connection.  Zuckerberg says when asking that there was overlap between the Cambridge Analytica’s harvesting user data and the political propaganda pushing through the Kremlin-linking Internet Research Agency during the year 2016 presidential election, which Facebook has said it seems by some 126 million people.

The US Federal Trade Commission is investigating Facebook is violating an agreement it signing with the agency in the year 2011 by its actions in the Cambridge Analytica scandal.

In the agreement, which Facebook is signing to end an investigation into the privacy breaches, the company promising not to misrepresent the extent to which it maintains the privacy or security of the personal information, and it says it will obtain the users’ affirmative consent before sharing the personal information with any third party.

Zuckerberg tells senators he did not see the Cambridge Analytica episode as a violation. But he is acknowledging that Facebook did not notify the FTC in the year 2015 when it is first learning of that company’s data-harvesting.

On Friday, Zuckerberg throws his support behind the proposing legislation, which is known as the Honest Ads Act, which will require social media sites to disclose the identities of the buyers of online political campaign ads.

On Tuesday, however, Zuckerberg will not agree to tell more of Honest Advertisement.

“Did you going to come back up here a strong advocate to see that law is passed” asking Democratic Senator Tom Udall.

“Senator, the biggest thing I think we can do is implement it,” Zuckerberg responding, saying that Facebook is already planning to comply voluntarily.

Udall pressed “I will like a yes or no answer.”

Zuckerberg is again demurring, saying “I am going to direct my team to focus on this.

“Senator, the biggest thing I think we can do is implement it,” Zuckerberg responding, saying that Facebook is already planning to comply voluntarily.

Udall pressed I will like a yes or no answer.”

Zuckerberg is again demurring, saying “I am going to direct my team to focus on this.

So, these are the points to describing on the Facebook CEO Zuckerberg Resists Effort to Committing Him to the Regulation.


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