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Facebook's Zuckerberg says his data was harvested

Facebook's Zuckerberg says his data was harvested”

House lawmakers on Wednesday drilled down on Zuckerberg for a number of incidents when conservative content was rejected or blocked from its platform.

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.

Mark Zuckerberg's own Facebook data was acquired by Cambridge Analytica along with that of about 87 million other users, the social network chief executive said in his second day of testimony before the US Congress.

Facebook had lost about $100 billion in value since February.

"After we were slow to identify the Russian information operations in 2016, this has become a top priority for our company to prevent that from ever happening again, especially this year, in 2018, which is such an important election year with the United States mid-terms, but also major elections in India, Brazil, Mexico, Hungary, Pakistan and a number of other places", he said.

The 33-year-old founder of the world's best-known social media giant is set for another Capitol Hill grilling on Wednesday before members of the House.

In the same Ad settings menu, you can also disable a Facebook feature in which it uses your likes and interests to advertise to your friends and family.

Zuckerberg disclosed that his company is "working with" special counsel Robert Mueller in the federal probe of Russian election interference.

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I think the real deal about the hearing is the fact that the US government has Facebook by the balls now.

But many appeared out of touch on the fundamentals of how Facebook works and lobbed mainly softball questions.

"This is a complex issue that deserves more than a one word answer", Zuckerberg said. People own their own data, as far as he sees it.

The hearings that ended on Wednesday revealed no consensus among USA lawmakers about what kind of privacy legislation they might want to pursue if any, and no timeline for action. "It's wonderful for us seniors to connect with our relatives".

Below are some takeaways from the five-hour hearing.

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.

"The internet is growing in importance around the world in people's lives, and I think that it is inevitable that there will need to be some regulation".

He also said implementing regulation could put smaller companies at a disadvantage because they don't always have the level of resources necessary to comply.

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House energy & commerce Chairman Greg Walden, in his opening statement, said he's concerned that Facebook has gotten ahead of itself.

Responding to a question, Zuckerberg acknowledged that a lot of people probably just accept terms of service without taking the time to read through it.

"I think we may be updating it a little bit".

Zuckerberg's appearance was apologetic in tone, as the youthful billionaire reels from accusations that he and Facebook's management were lax in protecting the privacy of users and allowing political advertisers access to their data.

Building on their existing bug bounty programs, the new system will effectively pay people who report and provide evidence that a Facebook platform app is improperly using people's data by stealing it or using it for scams and political influence.

I was one of the people who had their data shared with Cambridge Analytica, a company that has become notorious for using Facebook to target voters.

Bilirakis asked for a "definitive" answer as to when Facebook planned to remove the ads (as soon as possible after users flag them, according to Zuckerberg). He assured senators the company would have handled the situation differently today.

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