Economy

'It was my mistake, and I'm sorry,' Zuckerberg says at hearing

'It was my mistake, and I'm sorry,' Zuckerberg says at hearing”

"It will take some time to work through all the changes but I'm committed to getting this right".

The crowded Senate hearing was not without theatrics, although most was from the audience, like an activist dressed in costume as a Russian internet "troll". "Zuckerberg has respectively responded to tough questions with good answers".

As proof, he summoned an oversized poster board featuring just a sampling of Zuckerberg's past apologies in big block lettering. This time, at least. "I take full responsibility as the CEO of Facebook", he said. The new rules would require Facebook to label political ads and require those advertisers to confirm their identities and locations.

Here are some of the best memes from the first of two days the CEO will spend testifying.

Zuckerberg said Facebook views its decision not to tell people of the 2015 data scandal as a "mistake".

But he managed to basically stay on message throughout the five-hour hearing. I made mistakes. Big challenge but we've solved problems before.

Graham took Zuckerberg to task over what he framed as the "monopoly" Facebook holds in the social media market.

Zuckerberg also went toe-to-toe with Republican presidential primary loser and suspected Zodiac killer Ted Cruz.

Believing that both the guilty parties had erased the data, Facebook decided not to inform the users, as it was a closed chapter.

Though several of the prepared defenses in the notes were used by Zuckerberg during Tuesday's Senate hearing, some never came up. That hearing that could easily run as long as Tuesday's affair, if not even longer.

Facebook employees have been interviewed by the special counsel's office.

The leaked data was said to be inappropriately used by Cambridge Analytica in activities allegedly connected with U.S. President Donald Trump's election campaign in 2016.

Facebook was accused of violating a 2011 FTC order, which Zuckerberg denied.

More than week later on April 4, Facebook revealed that Cambridge Analytica had access to the data of 87 million users, rather than the 50 million user that had previously been reported. Orrin Hatch, R-Utah, asked Zuckerberg, "How do you sustain a business model in which users don't pay for your service?"

Facebook has considered offering an ad-free, subscription option for users.

"We are going through a broad philosophical shift at the company", said Mr Zuckerberg, wearing a dark suit and tie instead of his typical T-shirt and jeans. "Certainly we consider ideas like that".

Avaaz campaigners hold a banner in front of 100 cardboard cutouts of the Facebook founder and CEO stand outside the U.S. Capitol, before Mark Zuckerberg testifies before the Senate, in Washington on Tuesday, April 10, 2018.

"Senator, I think that this is a really hard question". From a former White House strategist to a Canadian whistle blower, here are the people involved in what some are describing as Facebook's largest data breach.

Zuckerberg got grilled over Facebook's perceived political bias. Zuckerberg said he favors the right type of regulation.

In a rare light-hearted exchange during his public grilling before United States senators Tuesday, the Facebook CEO told Sen.



Like this

loading...
loading...

Latest


12 April 2018
Rakitic fractured finger against Roma, Barca confirm
Ivan Rakitic suffered a fractured finger during Barcelona's Champions League defeat to Roma on Tuesday, the club have confirmed.

12 April 2018
Digital transformation to add $154 bln to India's GDP by 2021
Leaders experience double the benefits of Followers, and these improvements will be more pronounced by 2020. CEOs and CXOs expect to see more than 40 percent improvements in these key areas by 2020, states the study.

12 April 2018
What Analysts Say? Intuit Inc. (INTU) stock closes Yesterday with 1.13%
The stock of Liberty Global plc (NASDAQ:LBTYA) earned "Buy" rating by Pivotal Research on Friday, January 15. Arcadia Investment Management Corp decreased Intuit ( INTU ) stake by 7.2% reported in 2017Q4 SEC filing.

12 April 2018
CBN Governor deploys new CBN deputy governors
Emefiele spoke shortly after he was named the Economic Personality of the Year 2017 by The Guardian Newspapers in Lagos. Emefiele said: "We will remain proactive in ensuring that the welfare of Nigerians is optimised at any point in time.

12 April 2018
Juventus want Morata back
They want to tempt the Chelsea striker back to Turin, where he spent two seasons between 2014 and 2016. If the 25-year-old were to leave SW6, an adequate replacement must join Stamford Bridge this summer.

12 April 2018
Closing date for Portsmouth's Toys R Us store revealed
Many retailers have also struggled to keep up with the rise of online retailing and a change in shopping habits. Toys "R" Us, once the largest U.S. toy retailer, abandoned last month a plan to emerge from U.S.

12 April 2018
Minaret of Taj Mahal's entry gate collapses in heavy rain
A legal war between the Archeological Society of India (ASI) and Waqf board is underway regarding the ownership of the Taj Mahal. Previously in 2016, another one of the minarets of the Taj Mahal was reportedly damaged.

12 April 2018
Himachal school teacher leaked CBSE Class 10 maths paper too
Rakesh Kumar then sent the photos through WhatsApp to his tuition student to prepare a hand-written copy, said the police officer. Today, the police said two men and a woman have been arrested in connection with the leak of the mathematics paper.

12 April 2018
Russian Federation threatens to shoot down any U.S. missiles fired at Syria
As NPR reported , Syria accused Israel on Monday of carrying out a raid on the Tiyas air base in central Syria in a pre-dawn raid. The evacuation deal restores Assad's control over the entire eastern Ghouta - formerly the biggest rebel bastion near Damascus.

12 April 2018
What is the Short Interest on Shopify Inc. (NYSE:SHOP) Stock?
The 50-day moving average is perceived to be the dividing line between a stock that is technically healthy and one that is not. Considering that the stock recent volume of 1608376 shares, this represents a pretty noteworthy trading in volume size.