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etvfutures.com May 24, 2018


Facebook shares fall as Zuckerberg agrees to closed, European Union meeting

17 May 2018, 11:27 | Opal Carroll

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After Schroepfer faced a set of tough questions before on MPs' in place of Zuckerberg last month, Collins threatened to compel the Facebook CEO to appear before the committee, writing to Stimson: "It is worth noting that, while Mr Zuckerberg does not normally come under the jurisdiction of the UK Parliament, he will do so the next time he enters the country".

Collins said that Cummings would be reported for failing to appear, which "could result in a decision that a contempt of parliament has been committed, a very serious outcome for the individual".

The Digital, Culture, Media and Sport Committee said that Alexander Nix had accepted its summons.

British lawmakers investigating the use of Facebook users' data in political campaigns say the suspended head of the consultancy Cambridge Analytica has accepted a summons to appear before a committee.

But in stark contrast with his public and televised appearance in front of the United States Congress in April, Zuckerberg is scheduled to attend a closed session in Europe with no cameras.

"The Conference of Presidents has agreed that Mark Zuckerberg should come to clarify issues related to the use of personal data in a meeting with representatives of the European Parliament", Tajani said in a statement.

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He might get tougher questions in Brussels, where an assertive new European data protection law comes into effect on May 25.

"I will not attend the meeting with Mr Zuckerberg if it's held behind closed doors", Verhofstadt tweeted.

Zuckerberg will also be meeting with French president, Emmanuel Macron on 23 May.

The revelations that the data of some 87 million Facebook users and their friends may have been misused by the consulting firm that worked on Donald Trump's USA presidential campaign, has been called a game changer in the world of data protection as regulators seek to raise awareness about how to secure information. "Sorry that this is not a public hearing",- said Yurov.

"It is disappointing that a company with the resources of Facebook chooses not to provide a sufficient level of detail and transparency on various points including on Cambridge Analytica, dark ads, Facebook Connect, the amount spent by Russian Federation on United Kingdom ads on the platform, data collection across the web, budgets for investigations, and that shows general discrepancies between Schroepfer and Zuckerberg's respective testimonies", committee chair and Conservative MP Damian Collins said in a statement.



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