Zuckerberg wins Facebook hearings, a loss for all, says Shira Ovide
Apr 16 2018 by Desiree Burns
The New York Times - which broke the story along with The Observer of London - reported on March 18 that emails and documents suggest the firm "still possesses most or all of the trove".
Some of the questions may have been infantile, and some of the grandstanding amounted to a sideshow (as it so often does), but the hearings sent an obvious message: Namely, that Congress thinks Facebook is up to something - even if it's not too sure what it is exactly - and they're willing to consider legislation to clean things up. Instead he listed several tech companies claiming that they overlap with them in many ways.
The website also says: "Travellers who are burgled while on holiday risk having insurance claims rejected if they announced their plans on Facebook".
Mr Zuckerberg testified before members of the US Senate and Congress after revelations that the political consulting firm UK-based Cambridge Analytica-a data mining firm used by the Donald Trump campaign in the last election-improperly harvested data of up to 87 millionFacebook users. How many fake accounts have been removed? The question was created to illustrate how important it was to protect individual privacy. "We clearly stated that the users were granting us the right to use the data in broad scope, including selling and licensing the data", Kogan wrote in a March 18 email obtained by Bloomberg. Revenue a year ago was $40 billion.
This is at the very centre of FB's business.
He also admitted that FB had committed "breach of trust" but there were no guarantees forthcoming it would not happen again. On the other, Zuckerberg has repeatedly said he's sorry for offenses against his users' privacy because his business model contradicts his self-righteous public posture. A USA website Wired.com counted as many as 20 such "my-team-will-follow-up" dodges.
U.S. violates all global norms: Russian lawmaker
Lavrov warned against US military "adventures" in the country, but signaled that Russian Federation remains open for negotiations. He vacillated the next day after being criticized for telegraphing war plans and insisted that no final decision had been made.
Facebook Inc. CEO Mark Zuckerberg's compensation rose 53.5% to $8.9 million in 2017, a regulatory filing showed, largely due to higher costs related to the 33-year old billionaire's personal security. The company also will make it easier for users to adjust their privacy settings. In other words, we will have to live with the animal we don't like!
Still, Zuckerberg, as is the custom of a corporate titan on an apology tour, appropriately simulated penitentence before the joint committee.
While Zuckerberg is okay with consenting to some vague assertions that regulation is needed, he is loathe to any specific law outlining privacy norms.
Take Sen. Orrin Hatch, R-Utah, who asked Zuckerberg how Facebook, which is free, made its money. Lujan asked if these are what is known as "shadow profiles", but Zuckerberg said he is "not familiar" with that term.
Also on Monday, a bipartisan group of attorneys-general representing 37 U.S. states wrote a joint letter to Facebook demanding answers to what led to the breach and how the company allowed it to happen. Facebook's success comes from a design that draws in billions of users. In case it was designated a "media" company, FB would face strict advertising regulations governing television, print and digital media. The consolidation of advertising market power amongst the incumbent internet companies has begun even before data protection regulations are in force. Rep. Lujan investigated how to gain access to a record of data collected about non-users, and it's a Catch-22.
Washington Post columnist Dana Milbank made this point clearly, listing more than a half dozen lawmaker questions like: How many improper data transfers to third parties have there been?