Mark Zuckerberg Is $3 Billion Richer After Testifying For Congress

Mark Zuckerberg Is $3 Billion Richer After Testifying For Congress

Mark Zuckerberg Is $3 Billion Richer After Testifying For Congress

Anna Eshoo, a California congresswoman whose district is adjacent to Facebook's Menlo Park headquarters, pressed Zuckerberg on whether the company would be willing to change its business model to protect individual privacy. Third parties will no longer be able to make quite such free use of the unfathomable quantities of data that Facebook accumulates.

Facebook's founder, Mark Zuckerberg, also testified before Congress this week, taking heat over a range of issues from the social network's privacy and data-tracking activities to its potential role in Russian meddling in the election.

Get Data Sheet, Fortune's technology newsletter. Just like everything else concerning Facebook, he presented this as an idealistic initiative; but questions about children form an alarming component of the broader debate on privacy and data collection. "In retrospect it was clearly a mistake to believe them", he said. The announcement came from Facebook's boss Mark Zuckerberg as he answered questions in front of the US Senate's Judiciary and Commerce Committees yesterday.

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In a conference call with reporters last week, Zuckerberg said that Facebook intends "to make all the same controls available everywhere, not just in Europe". Future scandals could potentially damage the company's reputation. Even better, Facebook has told users it can not give out this information because it's too hard to access and package into a readable format. In a March 7 email to Dehaye, Facebook's privacy operations team essentially said that because this information is kept in a more hard to reach area than the basic stuff, it had decided it wasn't going to include it in the file.

Laidlaw said while she doesn't agree with most of Zuckerberg's statements during the hearing so far, she agrees with him on this.

Congressman, this is an important question, because I think people often ask what the difference is between surveillance and what we do.

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Respondents expressed concern after it emerged contractor Cambridge Analytica used a Facebook app to obtain information on as many as 87 million people without their knowledge. "I've been impressed by the consistency with which the scientific literature has uncovered negative links", said Ethan Kross, director of the Emotion and Self-Control Laboratory at the University of MI, whose oft-cited 2013 research concluded that Facebook use predicts a decline in users' well-being.

Ironically, one of the ways the world has learned of the way Facebook collects and analyses non-members was through data breaches such as the one that hit the company in 2013.

To this point, you may have seen the DeleteFacebook hashtag pop up on any number of social media platforms in recent weeks, including, ironically enough, on Facebook itself. He said the Russian campaign of disinformation had been discovered "right around the time" of the United States presidential election, and said the company had developed "new AI tools" to identify fake accounts responsible.

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