Facebook CEO Zuckerberg takes on lawmakers: What we learned

Investors were impressed with Mark Zuckerberg's performance before the committee

Facebook CEO Mark Zuckerberg faced a second day of grilling on Wednesday as United States lawmakers tried to figure out their next step in the wake of the social media giant's most recent privacy scandal.

- Democratic Representative Frank Pallone of New Jersey asked for a yes-or-no answer on whether he'd commit to changing default settings to minimize the collection of users' data.

Many of Zuckerberg's answers to Congress people served as a crash course in Facebook 101, or basic information about Facebook's business model.

Members pressed Zuckerberg on the company's privacy policies and often declared that Facebook needs to do more to protect user data.

Under mounting pressure over the hijacking of its user data by a British political consultant, Mr Zuckerberg reiterated his apology for the historic breach, before being grilled over how Facebook collects and protects people's personal information.

Zuckerberg has taken questions on a range of issues, from fake news and terrorist content to Russian propaganda and data privacy, as us lawmakers consider possible regulatory remedies. Ed Markey (D-MA) at Tuesday's Senate hearing. This product enables third-party data providers to offer their targeting directly on Facebook. If we're being real, not many of us read through exactly what's being shared as we rush to log in to the mobile version of PlayerUnknown's Battleground using Facebook.

"This is proof to me that self-regulation simply does not work", Schakowsky said, according to The Guardian.

Facebook is working on a number of things, including deploying new Artificial Intelligence tools that can proactively catch fake accounts that Russian Federation or others might create to spread misinformation.

Zuckerberg said Facebook was built as "an idealistic and optimistic company" to help people connect but failed "to prevent these tools from being used for harm. that goes for fake news, for foreign interference in elections, and hate speech, as well as developers and data privacy".

Later, Rep. Jeff Duncan (R-SC) brandished a pocket-sized copy of the U.S. Constitution during his questioning, noting that he had a copy he wanted to give Zuckerberg after the hearing. So if you've signed up for, say, Uber using Facebook, Uber now has your information. He fielded Senator Lindsey Graham's questions regarding whether Facebook was a monopoly by, "Doesn't feel like that to me".

Facebook has been consumed by turmoil for almost a month, since it came to light that millions of users' personal information was wrongly harvested from the website by Cambridge Analytica, a political consultancy that has counted U.S. President Donald Trump's election campaign among its clients.

On Tuesday, Facebook CEO Mark Zuckerberg underwent round one of grilling in front of the US Senate following allegations that his multi-billion dollar tech company has been mishandling people's personal data. Zuckerberg said on Wednesday that his own private data was also taken by the company. "Even if someone isn't logged in, we track certain information, like how many pages they're accessing, as a security measure", he said.

"There are plenty of anecdotal examples where people will be verbally discussing items - never having actually been on the internet at the time - and then the next time they get on Facebook, ads for things that they were verbally discussing with each other will show up", he said. In fact, on Tuesday, Facebook Inc posted its biggest gain in the past two years. LinkedIn, Uber and Twitter followed the social media giant, but of those companies, only Uber trailed Facebook in the distrust department.

Earlier this year Mueller charged 13 Russian individuals and three Russian companies in a plot to interfere in the 2016 presidential election through a social media propaganda effort that included online ad purchases using US aliases and politicking on USA soil.

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