Internet reacts to Mark Zuckerberg's unusual prop at Congress
Apr 12 2018 by Joanne Wise
By the first break in proceedings, Facebook's share price had risen by nearly 5%, as markets reacted favourably to Mr Zuckerberg's performance.
Zuckerberg, speaking Tuesday to senators concerned in part about Facebook's susceptibility to foreign powers who would use the service to meddle in American elections, said Facebook at first had been reactive to offensive and unsafe content, removing it only after it had spread.
But senators showed no sign of doing anything as useful as that, so Zuck's net worth has soared. And he reiterates previous statements that his company "didn't take a broad enough view of our responsibility, and that was a big mistake". "It was my mistake, and I'm sorry".
There have been numerous instances of random users/groups spreading hate messages on Facebook or indulging in vicious verbal attacks on users.
Zuckerberg uncertain of how to answer, stumbled over his words and awkwardly paused before eventually mustering a strong "No" in response.
He also acknowledged that Facebook did not do enough to prevent the use of its tools to spread fake news.
Dazzling Stocks: Amazon.com, Inc. (NASDAQ: AMZN)
This consensus broker rating may help shed some light on how the sell-side is now viewing company stock. RBC Capital Markets maintained it with "Buy" rating and $1100.0 target in Monday, September 11 report.
"That's really Facebook's bread and butter, this is where they make their money", he said.
Patience with the social network had already worn thin among users, advertisers and investors after the company said last year that Russian Federation used Facebook for years to try to sway USA politics, an allegation Moscow denies.
Nelson said he believes Zuckerberg is taking the congressional hearings seriously "because he knows there is going to be a hard look at regulation". "We need to invest in getting better at this too." he said. He praised tighter European data legislation saying Facebook's two billion users "deserved good privacy protection".