![]() ![]() I don't want to regulate them half to death. The Republican-led Congress is generally opposed to increased government regulation of businesses, but the high-profile revelations of Russian meddling and privacy breaches at Facebook is putting pressure on lawmakers to act. "But it’s clear now that we didn’t do enough to prevent these tools from being used for harm as well." For most of our existence, we focused on all the good that connecting people can bring," Zuckerberg says in his written testimony. "Facebook is an idealistic and optimistic company. Zuckerberg initially scoffed at suggestions that Russians exploited his platform, but later apologized after discovering the ads. voters on hot-button issues such as immigration, race, religion, and gay rights. The Cambridge Analytica scandal follows last fall's revelations that Russian companies spent $100,000 on 3,000 ads before, during and after the 2016 election to try to sow division among U.S. I started Facebook, I run it, and I’m responsible for what happens here." ![]() "We didn’t take a broad enough view of our responsibility, and that was a big mistake," Zuckerberg says in his written testimony. ![]() Zuckerberg said the social media platform is now taking steps to limit access to customers' data. Zuckerberg, in written testimony released Monday by the House committee, apologized for the privacy breach and for failing to recognize that Kremlin-linked groups were posting political ads and fake news on Facebook during the 2016 election. He will testify again Wednesday morning before the House Energy and Commerce Committee. Zuckerberg will testify Tuesday afternoon before a joint hearing of the Senate Commerce, Science and Transportation Committee and the Senate Judiciary Committee. "I believe he understands that regulation could be right around the corner." If it’s not his site, then someone else’s can be misused by people who are trying to do us harm," Nelson said. "My sense is that (Zuckerberg) takes this seriously because he knows there is going to be a hard look at regulation. Bill Nelson of Florida, the senior Democrat on the Commerce, Science and Transportation Committee, said after meeting privately with Zuckerberg for about an hour. "If we don’t rein in the misuse of social media, none of us are going to have any privacy any more," Sen. Zuckerberg began his Capitol Hill offensive Monday, meeting with lawmakers in advance of his testimony, which comes amid Facebooks' falling stock prices. The data was shared without the knowledge of the affected users, whom Facebook began notifying Monday. Zuckerberg is trying to fend off government regulation and restore public confidence after recent revelations that data from millions of Facebook users was shared with Cambridge Analytica, a data mining firm used by the Trump campaign in the 2016 election. The 33-year-old billionaire and Harvard dropout who helped start Facebook in 2004 is facing his toughest political test yet as he testifies, for the first time ever, before Congress on Tuesday and Wednesday. WASHINGTON - Facebook CEO Mark Zuckerberg will try to reassure a skeptical Congress this week that his company can protect Americans' privacy and thwart foreign election meddling in the wake of a data breach that has affected up to 87 million users and severely damaged the reputation of the social media giant. It saw an impressive mass of job cuts in just 10 months and a worldwide round of layoffs unprecedented for this sector.Watch Video: What to expect from the Zuckerberg testimony Twitter has become the symbol of the brutal cleanse in the high-tech industry, not only in the US but worldwide. "I think we absolutely need to hire people, and, if they're not too mad at us, probably rehire some of the people who were let go." So there's no question that some of the people who were let go probably shouldn't have been let go," the billionaire explained on CNBC on May 16. "Desperate times call for desperate measures. Musk acknowledged that he had been heavy-handed. So, he laid off four out of five of them.īy spring 2023, Twitter employed just 1,500 people, down from 8,000 at the time of its takeover. He also showed his defiance toward his employees, who he deemed too left-wing and incapable of innovation for years. The company was losing momentum, and its new boss was accelerating the advertising hemorrhage with his libertarian or even conspiratorial stances. The trend seems to have come to an end.īy Arnaud Leparmentier (New York (United States) correspondent) Published on June 12, 2023, at 12:24 am (Paris), updated on June 12, 2023, at 7:44 amĮlon Musk bought Twitter in the fall of 2022 for $44 billion (€41.1 billion at current rates). ![]() Over 17 months, the high-tech sector has cut more than 365,000 jobs worldwide. High-tech: Lessons from a historic wave of job cuts ![]()
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