- Title: Zuckerberg completes lengthy day one U.S. Senate testimony
- Date: 11th April 2018
- Summary: WASHINGTON, D.C., UNITED STATES (APRIL 10, 2018) (UNRESTRICTED POOL - Broadcasters: NONE Digital: NONE) SENATOR ADJOURNING HEARING FACEBOOK CEO CLOSING NOTEBOOK AND STANDING UP, HANDING OFF NOTEBOOK AND WALKING OVER TO SHAKE HANDS WITH SENATORS ZUCKERBERG SMILING, THANKING SENATORS, SHAKING HANDS WITH SENATORS, LEAVES ROOM VIEW FROM BEHIND OF ZUCKERBERG LISTENING TO QUESTION FROM DEMOCRATIC SENATOR CATHERINE MASTO FROM NEVADA (SOUNDBITE) (English) DEMOCRATIC SENATOR CATHERINE MASTO FROM NEVADA SAYING: "Stop apologizing, and let's make the change. I think it's time to really change the conduct. I appreciate the fact that you talked about the principles for Facebook, noticed users on the use of the data, and that users have complete control of their data. But the skepticism that I have, and I'm hoping you can help me with this, is over the last what seven years seven-14 years, seven years, haven't seen really much change in ensuring that the privacy is there, and that individual users have control over their data." VIEW FROM SIDE OF DEMOCRATIC SENATOR JON TESTER FROM MONTANA ASKING ZUCKERBERG A QUESTION (SOUNDBITE) (English) DEMOCRATIC SENATOR JON TESTER FROM MONTANA SAYING: "You said, and I think multiple times during this hearing, that I own the data on Facebook if it's my data. ZUCKERBERG: "Yes." DEMOCRATIC SENATOR JON TESTER FROM MONTANA: "And I'm going to tell you that I think that that sounds really good to me. But in practice, let's think about this for a second you're making about 40 billion bucks a year on the data. I'm not making any money on it. It feels like you own data. And in fact, I would say that the data that was breached through Cambridge Analytica, which impacted and correct me if these numbers are wrong some 80 million Americans. My guess is that few if any knew that that information was being breached, if I own that data. I know what's being breached. So could you give me some sort of idea on how you can really, honestly say, it's my data when, quite frankly, they may have goods on me, I don't I don't want them to have any information on me. If I own it, I can stop it." JOURNALISTS IN ROOM FOLLOWING DAY ONE OF HEARING
- Embargoed: 25th April 2018 01:01
- Keywords: Facebook CEO Mark Zuckerberg data privacy hearing data breach Cambridge Analytica
- Location: WASHINGTON, D.C., UNITED STATES
- City: WASHINGTON, D.C., UNITED STATES
- Country: USA
- Topics: Government/Politics
- Reuters ID: LVA0018AUMRT3
- Aspect Ratio: 16:9
- Story Text:Facebook Inc. shares posted their biggest daily gain in nearly two years on Tuesday (April 10) as Chief Executive Mark Zuckerberg fended off questions from U.S. senators on day one of his testimony on how the world's largest social network might be regulated more closely.
Zuckerberg repeated apologies made on Monday for a range of problems that have beset Facebook, from data privacy to foreign attempts to influence U.S. elections, but the 33-year-old internet mogul managed to deter any specific talk about new laws and made no new promises.
He denied that Facebook, which has more than 2 billion monthly users across the world, was a monopoly. "It certainly doesn't feel that way to me," Zuckerberg said, nearing the end of a nearly 5-hour hearing.
Wearing a dark suit and tie instead of his typical T-shirt and jeans, Zuckerberg appeared largely unruffled as senators questioned him. Investors welcomed his performance. - Copyright Holder: POOL (CAN SELL)
- Copyright Notice: (c) Copyright Thomson Reuters 2018. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None