Zuckerberg: Regulation 'inevitable' for social media firms

Zuckerberg: Regulation 'inevitable' for social media firms

Zuckerberg: Regulation 'inevitable' for social media firms

They will then send those questions to Facebook for answers with a deadline, a Facebook spokesperson told Observer.

Facebook shares dipped this morning, but they are still up 3 percent overall since Zuckerberg began his testimony on Capitol Hill on Wednesday.

One of the more pressing concerns of Congress during this second hearing was how Facebook tracks user data around the world, as well as those that have yet to even sign up to the site, dubbed "shadow profiles". Various news outlets, from CNN to The New York Times to BuzzFeed, have published reports highlighting just how much data Facebook has on its users.

Details on the data Facebook gave to Russian Federation.

In his written statement to the House Committee on Energy and Commerce, Zuckerberg apologized for the leak and the fake news that has appeared on the network. "In retrospect it was clearly a mistake to believe them", he said.

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Unless Zuckerberg himself took the infamous "thisisyourdigitallife" quiz, which we find to be unlikely, the CEO is probably Facebook friends with someone who did take the quiz.

Zuckerberg estimated more than 100 million web pages had at one stage contained a like button, and promised to provide more information on the matter at a later stage.

Dingell expressed frustration with Zuckerberg's frequent promises to get back to lawmakers later in writing.

The social network replies, "No. Facebook is a free site and will never require that you pay to continue using the site".

The issues of data privacy and control dominated the session, which was more focused and antagonistic than a Senate hearing the day before.

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Mark Zuckerberg appeared in front of USA senators on Tuesday and at times looked like he'd rather be anywhere else.

Congressman Lujan pointed out that if non-users wanted to know what data was collected about them, they get directed to another page and are asked to sign up.

Still, he said, lawmakers need to be careful, noting that new rules or laws could hurt smaller businesses more than a behemoth like Facebook.

There's also the possibility that legislation meant to give users more control over their data and privacy could end up benefiting a more established platform like Facebook and handicapping new services trying to build an audience and a business.

"You know which pharmacies are operating legally and illegally, but you are still continuing to allow that to be posted on Facebook", said McKinley.

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"To me, he came across as very conciliatory, especially when he took full responsibility for the mistakes of his company", said Jessica Vitak, head of the University of Maryland's Privacy and Education Research Lab. Facebook shares closed up 0.78 percent on Wednesday after rising 4.5 percent Tuesday. Harvesting the data and using it to target ads more effectively than its competitors can is how Facebook makes the bulk of its money. I'm not the type of person who thinks there should be no regulation, especially because the internet is getting to be so important in peoples' lives around the world. The House committee Chairman Greg Walden told reporters he would discuss with his committee holding similar hearings with other technology chief executives.

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