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Published: Sun, April 15, 2018
Research | By Jennifer Evans

Mark Zuckerberg Is $3 Billion Richer After Testifying For Congress

Mark Zuckerberg Is $3 Billion Richer After Testifying For Congress

Earlier in the day, Zuckerberg said he believes it is "inevitable" that there will be regulation of his industry. You could dump Facebook altogether and you'd still be living in a country whose democracy is vulnerable to corruption in new ways (as though the old ways weren't enough).

"I don't want to vote to have to regulate Facebook, but by God, I will", Republican Senator John Kennedy told Zuckerberg on Tuesday.

However, the Guardian said that whistleblower Christopher Wylie had looked at some direct messages on Kogan's database, and concluded it was "unclear" whether they had been using by Cambridge Analytica and its associates.

But leaving Zuckerberg and his fellow titans to come up with appropriate regulation is way too much of a surrendering of Congress' proper oversight role.

The stakes are high for both Zuckerberg and his company.

Facebook is facing another investigation over revelations that information from tens of millions of its users were accessed by data research firm Cambridge Analytica.

Mark Zuckerberg said that the company tracks non-users for "security purposes", without elaborating.

Senator Lindsey Graham, a Republican from SC, questioned Zuckerberg about Facebook's power more broadly: 'Is the social network a monopoly?' Zuckerberg came prepared with a data point about how most people use eight different apps to keep in touch with friends and family - a number that may include email and text messaging, which aren't direct competitors of Facebook.

And it's good news for anyone who owns shares in Facebook, they should be happy as they will be slightly richer also.

"The reason we need privacy laws is precisely because individuals lose control over their personal information when it is transferred to a business", Rotenberg said.

Everson's comments reiterate similar comments Zuckerberg made during his testimonies in which he said that Facebook hasn't noticed a significant drop in Facebook users nor a decline in current user activity on the social network.

"There's a difference between what you are putting into Facebook and what Facebook is collecting about you", Howard said.

Facebook CEO Mark Zuckerberg appears on Capitol Hill for a second day of hearings about protecting users' data.

The company has faced pressure over Messenger Kids, its new messaging app for kids ages 6 to 12, amid concerns about tech, smartphone and social media addiction.

But what about the large number of people who encounter Facebook somewhere and aren't scraping anything?

Much of the effort was aimed at denigrating Democrat Hillary Clinton and thereby helping Republican Trump, or simply encouraging divisiveness and undercutting faith in the U.S. system.

But in the wake of the Cambridge Analytica scandal and this week's hearings, lawmakers and the public are growing more concerned about Facebook's data collection practices.

In 2011, a Irish privacy group sent a complaint about shadow profiling - collecting data including but not limited to email addresses, names, telephone numbers, addresses and work information - from non-members.

The company does this by using different techniques integrated into pages around the web. It wasn't clear which direction they were heading specifically. Lindsey Graham, R-S.C., who asked Zuckerberg: "Is Twitter the same as what you do?".

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