Showing posts with label MARK ZUCKERBERG CONGRESS TESTIMONY. Show all posts
Showing posts with label MARK ZUCKERBERG CONGRESS TESTIMONY. Show all posts

Wednesday, 11 April 2018

Zuckerberg thought he would be asked to resign, was prepared to slam Apple

Facebook, Mark Zuckerberg

Mark Zuckerberg left his notes open during a break in Monday's Senate hearing. According, to an Associated Press report, the snapshots of his notes indicate that the Facebook CEO expected senators to ask if would resign in the face of the Cambridge Analytica Data breach that led to severe privacy violations of 87 million users on the social networking site.

His notes also said that Apple didn't notify users of ''several apps misusing users' data''.

Facebook CEO Mark Zuckerberg on Tuesday testified before the Congress and during his five-hour 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.

This is the first time that the Facebook CEO is testifying before the Congress.

Why Facebook CEO Mark Zuckerberg is winning the US Senate hearings

Mark Zuckerberg at Congressional hearing

Mark Zuckerberg did just fine in his first turn in the Congressional hot seat. He was confident. He capably tackled many of the queries proposed last week by Bloomberg columnists. The 33-year-old billionaire appeared humble throughout much of the hearing, with only a few smug smiles.

The best news for Facebook Inc. the company was that Zuckerberg ably deflected any challenges to the beating heart of its economic model: its hungry data collection and the fine-tuned targeted advertising based on that data. Zuckerberg's success is a win for anyone primarily concerned with the company's market value. But it's a loss for the rest of us.

Facebook will keep failing users' trust as long as its business is based on unrestrained hoovering of as much user data as possible, and crafting ever-more innovative ways for advertisers to harness that information for commercial goals. It's an arrangement to which Facebook's users agree and can sidestep, technically, but it is hardly informed consent or a real option to avoid. 

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