Summary: ‘ It was a much-needed boost, for the company, which saw its share together prices lose as much as 20 percent at the end of the outbreak of the data harvesting scandal. When asked if Facebook had been issued a subpoena, he said yes prior to backtracking. “That is laid out in some of the documents, but, more importantly, you want to give people control in the product itself.” The markets closed while Zuckerberg was still taking questions from 44 senators but Facebook had a healthy trading day, with its stock closing at $165.04 — up 4.5 percent.
Graham followed up, asking if European regulations are right. Zuckerberg said special counsel Robert Mueller’s team has interviewed some Facebook employees but clarified that he has not been interviewed by the team. Swapping his trademark T-shirt, for a suit, and tie, Mark Zuckerberg sat in the hot seat Tuesday afternoon as senators fired off of questions about just how he future plans to address Facebook’s growing list of issues — from preventing election meddling to protecting users’ privacy. When Zuckerberg did not have a specific answer to a question, he punted to a intimately familiar response: “I’ll have someone on my team come back to you.” Facebook, and other platforms have, for years used “safe harbor” as a reason why to absolve themselves of responsibility for what’s on their platforms.
The notoriously private billionaire took questions from the panel of senators, each and every one taking a five-minute turn to ask the question him anything. When Zuckerberg began naming different kinds categories of competitors who might overlap with what Facebook is doing, Graham stopped him to ask the question if there was any direct, comparable alternative choice to Facebook….Read The Full Article Here
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