Facebook scandal: Mark, your user agreement sucks, says Senator; highlights
Mark Zuckerberg testimony in US Congress: Sorry for data privacy; investors pacified: updates on Business Standard. Facebook CEO Mark Zuckerberg discussed about data privacy and apologized to US Congress for mistake which led to Cambridge Analytica scandal. Find Mark Zuckerberg news and Mark Zuckerberg testimony details.
Latest News Facebook CEO Mark Zuckerberg on Tuesday testified before the Congress and during his fivehour testimony, the lawmakers asked him some tough questions on fake news, Russian interference during the 2016 presidential election and censorship of conservative media. He also formally apologised to the Congress for mistakes that led to the Cambridge Analytica scandal and emphasised that his company was rethinking its responsibility to users and society. Facebook is currently embroiled in a widening scandal involving British data firm Cambridge Analytica, which, allegedly, improperly gathered detailed Facebook information on 87 million users, according to the latest estimates. An earlier estimate had pegged the number at more than 50 million. This is the first time that the Facebook CEO is testifying before the Congress. During the five-hour hearing, he fielded questions on Facebook's data collection practices, the company's alleged monopoly power and his views on regulating internet companies. Senator John Kennedy slammed Facebook for its complicated terms of service agreement: "Your user agreement sucks," said Kennedy, a Republican representing Louisiana. "It's not to inform your users about their rights. I'm going
to suggest to you that you go back home and rewrite it." Zuckerberg stumbled in answering a couple questions, including how Facebook staff came to the decision of not notifying users about the Cambridge Analytica data issue when it first came to light in 2015. Investors, however, seemed to be happy with Mark Zuckberg; the Facebook stock closed up 4.5%. Some of the questions posed by the Senators were: How will you protect users' data? How will you inform users about the changes that you are making? And how do you intend to proactively stop harmful conduct instead of being forced to respond to it months or years later? Top 10 highlights of Mark Zuckerberg's hearing at US Senate, tough questions taken up by the Facebook CEO and Cambridge Analytica controversy:
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