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Zuckerberg agrees to closed-door meeting with European Parliament

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Cambridge Analytica announced on May 2 it will begin bankruptcy proceedings after losing clients and facing mounting legal fees

"Our citizens deserve a full and detailed explanation", he added.

"I will not attend the meeting with Mr Zuckerberg if it's held behind closed doors", Verhofstadt tweeted.

European Parliament president Antonio Tajani on Wednesday said Zuckerberg had accepted the EU institution's invitation to travel across the Atlantic and face lawmakers in person as soon as next week.

"Although Facebook says Mr Zuckerberg has no plans to travel to the United Kingdom, we would also be open to taking his evidence by video link, if that would be the only way to do this during the period of our inquiry", committee chairman, Damian Collins writes in a letter to Facebook.

Facebook CEO Mark Zuckerberg is expected to speak with leaders of the European parliament next week about the data protection scandal that has engulfed his company — but might avoid a public testimony like the one he endured in the U.S.

He might get tougher questions in Brussels, where an assertive new European data protection law comes into effect on May 25.

He said the appearance could be as early as next week, and would be "a step in the right direction to restore trust".

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Members of the public also won't be able to form their opinions about Zuckerberg's answers to the members of the parliament.

Facebook "has been somewhat responsive during the controversy, but shareholders should continue to closely monitor data privacy issues", ISS says.

The world's largest social network has come under scrutiny over the way it handles personal data after revelations that British consultancy Cambridge Analytica, which worked on Donald Trump's 2016 presidential election campaign, improperly accessed the Facebook data of 87 million users.

Damian Collins, the head of the United Kingdom parliament's media committee, has said he hopes Zuckerberg would take advantage of his trip to Europe next week to visit London and testify there as well.

There seems to be no end to the Cambridge Analytica controversy for Facebook.

The committee said that Dominic Cummings, former campaign director Vote Leave, had refused to appear in front of lawmakers to discuss the campaign and its use of data.

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