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Facebook Inc Chief Executive Mark Zuckerberg on Tuesday navigated through the first of two U.S. congressional hearings without making any further promises to support new legislation or change how the social network does business.
Updated : Apr 11, 2018, 03:16 PM IST
Facebook Inc Chief Executive Mark Zuckerberg on Tuesday navigated through the first of two U.S. congressional hearings without making any further promises to support new legislation or change how the social network does business.
During nearly five hours of questioning by 44 U.S. senators, Zuckerberg repeated apologies he previously made for a range of problems that have beset Facebook, from a lack of data protection to Russian agents using Facebook to influence U.S. elections.
But the 33-year-old internet mogul managed to deflect any specific promises to support any congressional regulation of the world's largest social media network and other U.S. internet companies.
"I'll have my team follow up with you so that way we can have this discussion across the different categories where I think this discussion needs to happen," Zuckerberg told a joint hearing by the U.S. Senate's Commerce and Judiciary committees, when asked what regulations he thought were necessary.
Investors were impressed with his performance. Shares in Facebook posted their biggest daily gain in nearly two years, closing up 4.5 percent.
The shares fell steeply last month after it came to light that millions of users' personal information was harvested from Facebook by Cambridge Analytica, a political consultancy that has counted U.S. President Donald Trump's election campaign among its clients. The latest estimate of affected users is up to 87 million.
That disclosure pitched Facebook into a crisis of confidence among users, advertisers, employees and investors who were already struggling with Facebook's reaction to fake news and its role in the 2016 election.
Mark Zuckerberg testifying before the Senate https://t.co/jaSUFUZdpg pic.twitter.com/s8vNuOskMK
— Prequel Memes (@PrequelMemesBot) April 11, 2018
Everyone behind Mark Zuckerberg is on Facebook. pic.twitter.com/FzO4Iu7iDx
— Mr. Drinks On Me (@Mr_DrinksOnMe) April 11, 2018
REAL Photo of Mark Zuckerberg’s testimony to Congress. pic.twitter.com/9K7fXlO3Wl
— Erik Finman (@erikfinman) April 11, 2018
Mark Zuckerberg went for Dinner with his wife after testifying in a booster pic.twitter.com/BVrOGfzrqE
— Michael J. Morrison (@OfficeOfMike) April 11, 2018
Even if #MarkZuckerberg keeps his word, one needs to wonder why a foreign company is even in the position to "ensure fair polling" in India ..... is it merely data mining, or can can it manipulate political conversations in more insidious ways? https://t.co/rmiTFd9lVb
— Sanjeev Sanyal (@sanjeevsanyal) April 11, 2018
Mark Zuckerberg’s manner has always reminded me of someone, but I could never quite grasp hold of it.
— Matthew Teague (@MatthewTeague) April 10, 2018
Just now it hit me, watching him testify about data. pic.twitter.com/4Zs2eGlsHD
Today I questioned Facebook CEO Mark Zuckerberg about Facebook’s past censorship of conservative groups. I asked if the same actions had ever been taken against liberal groups, but did not get an answer. pic.twitter.com/IEuad3uJk5
— Senator Ted Cruz (@SenTedCruz) April 10, 2018
In Facebook's defence
— Atul Khatri (@one_by_two) April 11, 2018
If someone gives you FREE food thrice a day and in the bargain you get loosies once a while - it's OK.
Just STFU, stop complaining! pic.twitter.com/6flW8TAOJf
How Facebook sees you via webcam. pic.twitter.com/2UWLQyAgwj
— Trendulkar (@Trendulkar) April 11, 2018
anyway, here's zuckerberg's arrival set to the radiohead cover from "the social network" trailer pic.twitter.com/wsuA8GaVFY
— David Mack (@davidmackau) April 10, 2018
Time for a sequel.
— Charu (@KrantiCurry) April 11, 2018
The Social Network 2.0.#Facebook