{"id":2742,"date":"2018-04-12T09:15:17","date_gmt":"2018-04-12T09:15:17","guid":{"rendered":"http:\/\/noti-america.com\/site\/alemania\/?p=2742"},"modified":"2018-04-12T09:15:17","modified_gmt":"2018-04-12T09:15:17","slug":"facebooks-zuckerberg-unscathed-by-congressional-grilling-stock-rises","status":"publish","type":"post","link":"https:\/\/noti-america.com\/site\/principal\/2018\/04\/12\/facebooks-zuckerberg-unscathed-by-congressional-grilling-stock-rises\/","title":{"rendered":"Facebook’s Zuckerberg unscathed by congressional grilling, stock rises"},"content":{"rendered":"
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\u00a0WASHINGTON\/SAN FRANCISCO \u00a0– Facebook Inc Chief Executive Mark Zuckerberg fielded 10 hours of questions over two days from nearly 100 U.S. lawmakers and emerged largely unscathed and considerably richer.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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He parried questions of how much control people have over their data on the world\u2019s largest social media network without a major gaffe, while avoiding being cornered into supporting new government regulation.<\/p>\n

The hearings that ended on Wednesday revealed no consensus among U.S. lawmakers about what kind of privacy legislation they might want to pursue, if any, and no timeline for action. As he did on Tuesday before a Senate hearing, Zuckerberg refused during a House of Representatives committee hearing to make any promises to support new legislation or change how the social network does business.<\/p>\n

\u201cIt is inevitable that there will need to be some regulation\u201d of internet firms, Zuckerberg said, but he avoided any specifics.<\/p>\n

Although Zuckerberg, 33, had never testified at a congressional hearing before, he succeeded in deflecting questions like a Washington veteran. Forty times the internet mogul told lawmakers he had no answers at hand and would get back to them later. About one in three lawmakers got that response over the two days.<\/p>\n

Democratic Representative Debbie Dingell expressed frustration with Zuckerberg\u2019s frequent promises to get back to lawmakers later in writing. \u201cSome things are striking during this conversation,\u201d she said. \u201cAs CEO, you didn\u2019t know some key facts.\u201d<\/p>\n

On one point, Zuckerberg undercut his consistent message that Facebook users have control of their data. He said he was among the nearly 87 million people whose personal information was improperly shared with political consultancy Cambridge Analytica. He gave no further details.<\/p>\n

His admission that even the company\u2019s tech-savvy founder was unable to protect his own data underscored the problem Facebook has in persuading skeptical lawmakers that users can easily safeguard their own information and that further legislation governing Facebook is unnecessary.<\/p>\n

The Cambridge Analytica issue was the reason Zuckerberg was on Capitol Hill, answering questions about how that company – which has counted U.S. President Donald Trump\u2019s election campaign among its clients – got hold of data about Facebook users.<\/p>\n

\u201cHow can consumers have control over their data when Facebook does not have control over the data?\u201d asked Representative Frank Pallone of New Jersey, the ranking Democrat on the House Energy and Commerce Committee, at the beginning of Wednesday\u2019s hearing.<\/p>\n

Zuckerberg said it would take \u201cmany months\u201d to complete an audit of other apps that might also have improperly gathered or shared users\u2019 data.<\/p>\n

\u201cI do imagine that we will find some apps that were either doing something suspicious or misusing people\u2019s data,\u201d he said.<\/p>\n

INEVITABLE REGULATION?<\/h3>\n

Zuckerberg was unable to answer Dingell, the Michigan congresswoman, when she asked how frequently Facebook used computer code embedded in websites to gather dossiers on virtually everyone online.<\/p>\n

In a series of questions on how people can remove data from Facebook, Zuckerberg said the company does \u201ccollect data on people who are not signed up for Facebook, for security purposes.\u201d He had no response when asked how a non-Facebook member could remove information without signing up for the service.<\/p>\n

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He also said he was not familiar with what various media reports call \u201cshadow profiles,\u201d collections of data assembled on Facebook users that they have no knowledge of or control over.<\/p>\n

Wearing a dark suit and tie and politely prefacing almost every remark with \u201cCongressman\u201d or \u201cCongresswoman,\u201d Zuckerberg appeared even more controlled than he did on Tuesday when he testified before senators. He refrained from cracking jokes and flashed few smiles.<\/p>\n

The performance had favorable results. Facebook shares closed up 0.78 percent on Wednesday after rising 4.5 percent Tuesday. Over the two days, the value of Zuckerberg\u2019s stake in the company grew about $3 billion.<\/p>\n

Chairman of the House Energy and Commerce Committee, Greg Walden, told reporters he would talk with committee members about holding similar hearings with other technology chief executives. He did not name specific companies.<\/div>\n
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\u201cThis is a wake-up call to Silicon Valley and the tech community that if you let these things get out of hand, having grown up in a very lightly regulated environment, you could end up with a lot more regulation than you seek,\u201d he said after the hearing.<\/p>\n

Many Democrats disagreed, saying their Republican colleagues held no genuine interest in having a meaningful debate that could lead to a regulatory overhaul of how technology firms handle data.<\/p>\n

What remained as the dust settled on Wednesday was an inability to translate bipartisan concern into regulation due to the complexity of regulating technology issues and the powerful lobbying forces assembled against any effort to do so.<\/p>\n

\u201cIf you think it is hard to pass a bill that affects a lobbyist\u2019s favorite client,\u201d said Alvaro Bedoya, a former congressional aide who worked on privacy issues for former Senator Al Franken, \u201ctry passing a bill that affects all of them.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0WASHINGTON\/SAN FRANCISCO \u00a0– Facebook Inc Chief Executive Mark Zuckerberg fielded 10 hours of questions over two days from nearly 100 U.S. lawmakers and emerged largely unscathed and considerably richer. 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