Zuckerberg testimony tells us nothing new about privacy

Zuckerberg testimony tells us nothing new about privacy

Zuckerberg testimony tells us nothing new about privacy

On Wednesday, Zuckerberg hedged when Rep. Jan Schakowsky, D-Ill., asked if Facebook would extend the European Union rules to the United States.

The issue being examined by Congress is how Cambridge Analytica came to improperly obtain from Facebook the profiles of 50 million of its users, then sought to build the information into a voter profile data base for the 2016 election. We are sticking with our wide-moat rating and $198 fair value estimate for Facebook. He said ads are removed when they are reported. You can also download a copy of your Facebook data under settings.

Overall, the testimony didn't really change our view and valuation on the company.

Millions of our readers have signed up to "Like" or "Follow" The Daily Caller in their Facebook feeds, but the social media company is only sending those people a tiny fraction of the news they used to receive.

There, Facebook states clearly that it tracks users and non-users on every site that features a Facebook "Like" or "Share" button (including the article you're reading right now).

As Mark Zuckerberg began his marathon sessions in the US Congress over two days, the reaction in the markets was overwhelmingly positive.

Representatives grilled Mr Zuckerberg on a wide range of issues around privacy, surveillance, censorship and politics, regularly asking for yes or no answers which the Facebook founder struggled to provide.

Facebook CEO Mark Zuckerberg arrives to testify before a joint hearing of the US Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee on Capitol Hill, April 10, 2018 in Washington, DC. Zuckerberg was unable to answer Dingell when she asked how many website pages had such buttons.

Many noted that the Facebook boss was living through a lot of people's "worst nightmare" live on TV. "And people have the ability to see everything that they have in Facebook, to take that out, delete their account and move their data anywhere that they want", he said.

Although it's not been confirmed by Facebook, fuel has been added to the fire after a comment was made by Zuckerberg during his appearance.

A poll conducted by Recode and Survey Monkey shows that 56% of Americans don't trust Facebook.

Senator Roger Wicker (R-Mississippi) asked Zuckerberg whether it was true that "Facebook collects call and text histories from Android phones?"

"(It) suggests that a: "users are not in control, and b: "Facebook itself has lost control of the data", the former NSW deputy privacy commissioner told AAP on Thursday.

Facebook was getting to the bottom of exactly what Cambridge Analytica did and telling everyone affected. If you do this, it allows Facebook to tie up your browsing history to your Facebook profile, even if the page you are browsing is New York Times.

In a series of questions on how people can remove data from Facebook, Zuckerberg said the company does "collect data on people who are not signed up for Facebook, for security purposes".

When Zuckerberg finally responded to the CA scandal a few weeks ago, he promised his company would take "responsibility" to ensure that "there aren't any other Cambridge Analyticas out there,", and to ensure "transparency" about future fixes.

"Facebook has no incentive to charge us", said Siva Vaidhyanathan, professor at the department of media studies at Virginia University, who has a book due out in October titled "Antisocial Media: How Facebook Disconnects Us and Undermines Democracy".

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