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etvfutures.com April 25, 2018


Zuckerberg $4.5b richer after grilling

15 April 2018, 03:51 | Opal Carroll

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Mark Zuckerberg Regulation ‘inevitable for social media firms

When Graham pressed him on whether he believed Facebook was a monopoly, Zuckerberg said, "It certainly doesn't feel like that to me".

Zuckerberg had the same basic answers, supplemented by platitudes such as "that's an important conversation that we need to have" or "this is something we're thinking about a lot" or "I want to be clear that this is my responsibility".

Whether U.S. users will have the same right to object to being micro-targeted by advertisers as laid out in the European Union's General Data Protection Regulation (GDPR).

Zuckerberg spent much of past year travelling after he pledged to visit all the US states that he had not previously been to.

Admitting "this is an ongoing arms race", Zuckerberg promised that the coming elections in India and Pakistan would be fair, and not subject to Russian-type intervention as in US President Donald Trump's election. We use the data that people put into the system in order to make them more relevant.

Representative Greg Walden of OR, chairman of the House Energy and Commerce Committee, also said Wednesday that the panel intended "to widen our lens to larger questions about the fundamental relationship between tech companies and their users". "If I'm upset with Facebook, what's the equivalent product that I can sign up for?"

Mr Zuckerberg told senators he did not see the Cambridge Analytica episode as a violation. Billy Long even went so far as to produce a huge poster of the duo, and ask Zuckerberg, "What is unsafe about two Black women supporting President Donald J. Trump?"

Zuckerberg recently issued a public apology for the incident, which Facebook says it learned about in 2015.

The tech giant's announcement comes on the heels of co-founder and CEO Mark Zuckerberg's testimony before Congress this week.

Parmish Verma injured in gunshot by gangster in Mohali
Notably, this is the only post on his Facebook page that was uploaded this year with the last post dating back to December 2017. Mohali SSP Kuldeep Singh Chahal reportedly said that they are investigating the matter and scrutinising the CCTV footage.


As he did on Tuesday before a Senate hearing, Zuckerberg refused during a House of Representatives committee hearing to make any promises to support new legislation or change how the social network does business.

Zuckerberg mostly held his composure, repeating numerous same well-rehearsed answers: He is sorry for the company's mistakes. "I started Facebook, I run it, and at the end of the day I'm responsible for what happens here".

What the social network does is that it builds "shadow profiles" of people who aren't Facebook users by accessing data from inboxes and smartphone contacts of active users, several publications have reported.

Following the thousands of complaints about Facebook's misappropriation of user information, CEO Mark Zuckerberg testified on Capitol Hill on Tuesday to answer questions from higher government authorities.

Facebook was getting to the bottom of exactly what Cambridge Analytica did and telling everyone affected.

Examples of third-party apps that Facebook has banned, aside from Cambridge Analytica's, for transferring user data without consent. They argue the companies have become too big and powerful to police themselves. "So, even if Facebook doesn't earn money from selling data, doesn't Facebook earn money from advertising based on that data?" They have also been blamed for not taking enough action to prevent the spread of false news.

House Energy and Commerce Chairman Greg Walden said the committee will look at what could be done.

"The internet is growing in importance around the world in people's lives, and I think that it is inevitable that there will need to be some regulation".



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