Tuesday 10 April 2018

Mark Zuckerberg testimony: Sorry for data leak; investors pacified: updates

Facebook, Mark Zuckerberg

acebook chief executive Mark Zuckerberg appeared before the Senate's Commerce and Judiciary committees on Wednesday to discuss data privacy and Russian disinformation on his social network. He also formally apologized to the Congress for mistakes that led to the Cambridge Analytica scandal and stressed that his company is rethinking its responsibility to users and society. "It's clear now that we didn't do enough to prevent these tools from being used for harm as well. That goes for fake news, foreign interference in elections, and hate speech, as well as developers and data privacy," Zuckerberg said in opening remarks before a joint hearing of the Senate Judiciary and Commerce committees. 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, who 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."

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