Here's Mark Zuckerberg's Written Testimony For Congress

Here's Mark Zuckerberg's Written Testimony For Congress

Facebook Inc FB.O Chief Executive Mark Zuckerberg met US lawmakers individually on Monday and told Congress in written testimony that the social media network should have done more to prevent itself and its members' data being misused.

Facebook disclosed in September that Russians under fake names had used the social network to try to influence USA voters in the months before and after the 2016 election, writing about inflammatory subjects, setting up events and buying ads.

After privately assuring senators that his company will do better, Facebook CEO Mark Zuckerberg is undergoing a two-day congressional inquisition that will be very public — and could be pivotal for his massive company.

Approximately 87 million of Facebook's account holders may have had their personal information shared, according to the social media company.

This week the Facebook CEO is in talks with several lawmakers before he sits in front of the Senate Commerce, Science and Transportation Committee and the Judiciary Committee tomorrow and then the House Energy and Commerce committee the say after.

His company is under fire in the worst privacy crisis in its history after it was revealed that Cambridge Analytica, a data-mining firm affiliated with Donald Trump's presidential campaign, gathered personal information from 87 million users to try to influence elections.

"We didn't take a broad enough view of our responsibility, and that was a big mistake", Zuckerberg will say.

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Facebook CEO Mark Zuckerberg expressed contrition for allowing third-party apps to grab the data of its users without their permission and for being "too slow to spot and respond to Russian interference" during the U.S. election, according to his prepared remarks published by the House Energy and Commerce Committee.

Cambridge Analytica whistleblower Christopher Wylie previously estimated that more than 50 million people were compromised by a personality quiz that collected data from users and their friends. "The customers are not the people using Facebook". Zuckerberg has drafted a detailed testimony where he outlined the company's latest initiatives and what it will do to prevent this from ever happening again. I don't want to regulate them half to death", said Republican Senator John Kennedy of Louisiana, a member of the Judiciary Committee "But we have a problem. Facebook's share price has dropped almost 15 per cent since news of Cambridge Analytica came to light in mid-March.

If, like the vast majority of Facebook users worldwide, your data wasn't swept up, you'll instead get a link to the Apps and Websites privacy page, which lets you control which third-party apps and websites have access to what data.

Facebook Inc Chief Executive Mark Zuckerberg swapped his trademark T-shirt and jeans for a dark suit and a purple tie on Monday as he met US lawmakers to apologize for the social network's misuse of its members' data and to head off possible regulation. Associated Press reporters around the world have been surveying users, none of whom have reported seeing anything from Facebook. Facebook shares closed up 0.5 percent on Monday.

"My top priority has always been our social mission of connecting people, building community and bringing the world closer together", Zuckerberg states, "Advertisers and developers will never take priority over that as long as I'm running Facebook".

Zuckerberg's full testimony is below.

He is also expected to announce that the company is establishing an independent election research commission that will look into the effects of social media on elections and democracy.

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