Facebook CEO Mark Zuckerberg Made $3 Billion During Hearings

Facebook CEO Mark Zuckerberg Made $3 Billion During Hearings

Everson also said that during the past month, Facebook users have not updated their account privacy settings amid a series of recent crises for the company that led to Facebook CEO Mark Zuckerberg attending two congressional hearings in Washington, D.C. this week. "It was my mistake, and I'm sorry", Zuckerberg said in written testimony released by the House commerce committee. Because remember, you're not just a customer; you're also the product. And last week the European Union had said that its justice commissioner, Vera Jourova, would hold phone talks with Facebook's chief operating officer Sheryl Sandberg to discuss what the company is doing to address the breach, which may have affected 87 million people around the world. The company's chief security officer, Alex Stamos, took to Twitter to complain that Facebook and other "platforms" were being held to a double standard concerning the profiles, since they may well "have been criticized as monopolists for locking them down".

After aggressive questioning about Facebook's alleged political bias from Senator Ted Cruz, Zuckerberg was asked if he was ready to take a break.

"Part of the challenge with regulation, in general, is that when you add more rules that companies need to follow, that's something that a larger company like ours has the resources to do", he said.

The company's stock was up about 2 percent even before Zuckerberg sat down. Social media giant Facebook came under fire recently after it was revealed they allowed data firm Cambridge Analytica to access millions of users' data and subsequently used the information to target voters with advertisements during the 2016 presidential campaign.

Senate Judiciary Chairman Charles Grassley said Tuesday's hearing is the first step in an "open dialogue about how we address growing consumer privacy concerns".

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 data-harvesting app which gathered private information for Cambridge Analytica also collected users' private messages, The Guardian reported on Friday.

"But overall, I think that the ads experience is going to be the best one". "We don't sell data". "But at the same time it doesn't seem like future activities are prevented".

It's been another tough week for Facebook with its founder, Mark Zuckerberg, being quizzed in front of Congress.

We have Congressman Ben Luján to thank for a discovery that might come to hang around Zuckerberg as he battles to save his company's image. "How is today's apology different?"

Facebook is addressing the debate about why and how Messenger and Messenger Lite apps had access to the call and message logs of Android phone users. Special Counsel Robert Mueller and his team have been investigating Russian interference in the 2016 American Presidential election and potential collusion between Russia and the Trump campaign since past year and now apparently they've talked to Facebook. A number of the Russian ads were on Facebook.

"We have communicated directly with Diamond and Silk about this issue. Going to solve this one", read Zuckerberg's notes under the heading "Accountability" and the bullet point "Resign?"

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