Facebook CEO Mark Zuckerberg Grilled on Privacy by House Panel

Facebook CEO Mark Zuckerberg Grilled on Privacy by House Panel

Long before the recent Cambridge Analytica scandal and Mark Zuckerberg's Terrible, Horrible, No Good, Very Bad Day In Court, mathematician and co-founder of PersonalData.IO, Paul-Olivier Dehaye, was trying to get his hands on his complete Facebook user data file. "We have provided them with more information about our policies and the tools that are applicable to their Page and look forward to the opportunity to speak with them". We are sticking with our wide-moat rating and $198 fair value estimate for Facebook. A survey this week of 1,000 respondents representative of the USA population in gender and age, found that while only 9% of panelists deleted their account altogether, "there are less drastic steps users are taking that should be worrying as they directly impact Facebook's business model", wrote Carolina Milanesi of Creative Strategies, a market intelligence firm based in Silicon Valley that conducted the survey.

As Facebook and other tech companies face increasing scrutiny over their data-collecting activities, we want to hear from you: What are you most concerned about? "Yes, we filter and lie by omission on Facebook", said University of Wisconsin-Madison professor Catalina Toma.

Laidlaw said while she doesn't agree with most of Zuckerberg's statements during the hearing so far, she agrees with him on this.

Facebook has since shut off the ability of apps to gather such data, but Mr Zuckerberg said it would take "many months" to complete an audit of other apps to determine if they also improperly used data.

Facebook will also restrict apps from accessing user posts on any page.

Through Aleksandr Kogan's "This Is Your Digital Life" app, the Cambridge University researcher was able to collect the data, which was then shared with consulting firm Cambridge Analytica.

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And Mark Zuckerberg added: "A number of people suggest that we should offer a version where people cannot have ads if they pay a monthly subscription, and certainly we consider ideas like that".

Lujan: Facebook has detailed profiles on people who have never signed up for Facebook, yes or no?

In both hearings before the Senate, Zuckerberg only mentioned two kinds of data: the information that people decide to share on the platform, and the data that is automatically collected about people's behavior. On a question, if Facebook has a political bias, he said the platform's goal was not to engage in political speech.

After a testy exchange with Zuckerberg, Rep. Diana DeGette, D-Colo., said Congress should consider imposing "really robust penalties" for social media companies that repeatedly compromise user information.

"There is simply no reason for your company to provide less than the best legal standards now available to protect the privacy of Facebook users", the letter said. The CEO added that Facebook could only record audio as part of a video that's being filmed and uploaded by users. The content that you share, you put there. "We don't sell drugs, we don't belong to no gangs".

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