June 22, 2018

Mark Zuckerberg Gets Grilled in Congressional Hearing Round 2

14 April 2018, 01:43 | Simon Arnold

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Looking to watch the second day of Mark Zuckerberg's congressional testimony online? He faced questions mostly about the company's privacy policies. In fact, on Tuesday, Facebook Inc posted its biggest gain in the past two years. Zuckerberg has also apologised for the more recent scandals.

Facebook's stock remains 10 percent below where it stood before the scandal, a decline that has wiped out about $50 billion in shareholder wealth.

Wrapping up his four minutes, Rep. Gus Bilirakis, R-Fla., commended the platform, saying "it's wonderful for us seniors to connect with our relatives".

Facebook is implementing the General Data Protection Regulation (GDPR) standard for European users next month, and some of its rules will be extended to United States and other users later, he confirmed. But he acknowledged that Facebook did not notify the FTC in 2015 when it first learned of that company's data-harvesting. He made allusions to "something bad" happening at the institution, and implied that Facebook may sue. On Tuesday he emerged largely unscathed from a five-hour senate barrage.

Zuckerberg deflected requests to support specific legislation.

He parried questions of how much control people have over their data on the world's largest social media network without a major gaffe, while avoiding being cornered into supporting new government regulation.

Facebook began informing users this week as to whether their private data may have been wrongly shared with Cambridge Analytica.

The stakes are high for both Zuckerberg and his company.

Lawmakers were at times aggressive Tuesday as they accused Zuckerberg of failing to protect the personal information of millions of Americans from Russians intent on upsetting the USA election.

It couldn't be easier to watch Mark Zuckerberg's congress live stream.

But what comes next is unclear.

The hearings that ended on Wednesday revealed no consensus among USA lawmakers about what kind of privacy legislation they might want to pursue if any, and no timeline for action.

Cambridge Analytica allegedly then used the data to create highly specific profiles of millions of US voters, which made it easier for the company to create better targeted ads. Several lawmakers touted bills they've introduced. "In retrospect, it was clearly a mistake to believe them".

"Are you going to come back up here and be a strong advocate to see that that law's passed?" asked Democratic Senator Tom Udall.

However, the tech mogul said mistakes don't just happen for Facebook's conservative members.

He added that he expected more breaches would be discovered.

"There are plenty of anecdotal examples where people will be verbally discussing items - never having actually been on the internet at the time - and then the next time they get on Facebook, ads for things that they were verbally discussing with each other will show up", he said.

"We have found no evidence that University researchers are improperly gathering personal data". "But at the same time it doesn't seem like future activities are prevented".

Zuckerberg also said his company is "working with" special counsel Robert Mueller in his probe into Russian interference.

Seemingly unimpressed, Republican Sen. The company said it will be alerting any affected users about any abuses discovered during the audit. "How is today's apology different?"

The company said it will do that by turning off access for unused apps, by encouraging people to manage the apps they use. He offered no details, citing a concern about confidentiality rules of the investigation.

Zuckerberg agreed to the hearings as pressure mounted over the Cambridge Analytica scandal and the company's own admission previous year that it had been compromised by Russians trying to influence the 2016 election.

Kogan's company, Global Science Research, paid 300,000 Facebook users to download an app and take a personality quiz that would collect some of their user data.

Lawmakers also accused the company of violating a Federal Trade Commission order.

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