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Senator asks mark zuckerberg how facebbok makes money

senator asks mark zuckerberg how facebbok makes money

Senate on Tuesday. Zuckerberg answered questions about digital privacy in the wake of the Cambridge Analytica scandal. And a lot of the senators asking the questions were old. Very old. Mark Zuckerberg is now living out every young person’s worst nightmare: trying to explain how tech stuff works to the nation’s elderly. Patrick Leahy brought printouts of various Facebook groups bless the staff member who had to print them and asked if they were Russian propaganda groups, because as CEO, Zuckerberg obviously reads every single post on Facebook .

‘I think that may be what this is all about … your right to privacy.’

Opinion: Facebook stock rebounds as CEO manages to stay calm amid a storm of silly questions from senators. Mark Zuckerberg has come far since the early days of Facebook Inc. Wearing a conservative suit and light blue tie, an outfit he would rarely wear in Silicon Valley, Zuckerberg sat ramrod straight in his witness chair for most of the many hours of questions. He responded to each questioner by first addressing them as senator or chair. He looked earnest and serious for almost every question, even during some of the laughable questions from some of the less tech-savvy members of the Senate, such as the one by Sen. According to the New York Times, Facebook hired a team of experts to give Zuckerberg — who can be combative and defensive — a crash course in humility and charm ahead of the hearing in sessions that included mock hearings with its communications team and outside advisers. That preparation paid off: After the first two hours of questions were nearing an end and there was a call for a potential break, Zuckerberg took a sip of water and said he could keep going for a bit longer. That break came just after trading ended, with Facebook stock noticeably jumping as the hearing went on and gaining 4. Still, Facebook stock is down 6.

Repetition and confusion

As Tuesday wore on, though, the questions from some senators improved, as they attempted to determine whether Congress should intervene with regulations on privacy. Still, Zuckerberg managed to stay on message and say little that Facebook had not already said in a flurry of announcements and interviews over the past few weeks. The key question will be what senators do once Zuckerberg has left Capitol Hill. His calm demeanor may not have too much of an impact on legislators who are focused on regulating Facebook and online-ads rival Alphabet Inc. Already on Tuesday, Sens. Ed Markey, D-Mass. Zuckerberg suggested he was not opposed to new regulations, but we will see what Facebook does when confronted with proposed laws once Zuckerberg is not in the spotlight in front of those trying to pass them. Follow her on Twitter tpoletti. Economic Calendar Tax Withholding Calculator. Retirement Planner. Sign Up Log In.

Repetition and confusion

Hatch asked Mark Zuckerberg on Tuesday. Hatch: «If [a version of Facebook will always be free], how do you sustain a business model in which users don’t pay for your service? Mick micktorious April 10, Orrin Hatch just asked how Facebook makes money, but, in his defense, he was distracted because he forgot where he parked his dinosaur. If Facebook is free, how do you profit? Zuckerberg was on Capitol Hill for the first of two days of congressional testimony on the Cambridge Analytica data leak — when 87 million users had their profile information unwittingly shared. Dianne Feinstein D-California. Tech leaders are increasingly intertwined with the news business. While some want to support old properties, one set out to destroy a new one. Here they are.

senator asks mark zuckerberg how facebbok makes money

6 Tech Giants Shaking Up News, From Jeff Bezos to Laurene Powell Jobs (Photos)

Even if you were watching, it’s entirely likely that you missed a crucial, brief segment around the two-hour mark, where Senator John Cornyn asked Zuckerberg about how Facebook handles ex-user data. Though somewhat unrelated to what Senator Cornyn asked, Zuckerberg’s answer was a fascinating, concise look into how Facebook turns its vast quantity of user data into profit. We don’t sell data to anyone. Indeed, Facebook makes it money through advertising. Facebook doesn’t provide data to advertisers — it does the work for them. So, if an advertiser comes to us and says, ‘All right, I am a ski shop and I want to sell skis to women,’ then we might have some sense, because people shared skiing-related content, or said they were interested in that, they shared whether they’re a woman, and then we can show the ads to the right people without that data ever changing hands and going to the advertiser. In the wake of the Cambridge Analytica scandal , which revealed that at least 87 million Facebook users had their data used without consent by a political firm to influence elections including the US Presidential election , general users, celebrities, tech executives and politicians have begun openly questioning Facebook’s handling of user data. Facebook now admits fault for allowing third-parties to access user data inappropriately, which is what led to companies like Cambridge Analytica possessing user data in the first place. The company has since shut down loopholes in its social media service that allowed third-parties to «scrape» data from its users.

Congress vs. Mark Zuckerberg: The Key Moments

But Congress has toyed with the idea of regulating Facebook and other social media networks. The average age of the US senators is 63, according to congressional database LegiStorm. Deb Fischer, a Republican from Nebraska, confused Zuckerberg with her line of questions, asking «how many data categories» Facebook stores. Be respectful, keep it civil and stay on topic. So it might have been recommending people who share a doctor with you or work in the same building.

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Zuckerberg when he grilled him mmoney several minutes as to why the social network has been allegedly censoring content from conservative organizations and Trump supporters. Zuckerberg for longer than most lawmakers. The Guardian reported in that Cruz used Cambridge Analytica data to help his presidential campaign. Nearly half were younger than 35 years old. More on Facebook Zuck to Congress: Zuckerbergg welcome regulation — if it’s the right regulation Now fadebbok can see if Cambridge Analytica makez your Facebook data Zuckerberg takes Facebook data apology tour to Washington Mark Zuckerberg Facebook testimony sparks tons of new memes. Zuckerberg, would you be comfortable sharing with us the name of the hotel you stayed in last night? Facebook stock up 4. Facebook uses nearly different data points to classify your interests senator asks mark zuckerberg how facebbok makes money activities. Now obviously, Facebook knows what its users buy when they click on ads from Facebook. It also knows where you are. Did Facebook deceive its users? Team Facebook looked pleased because Hatch’s question, like those from many of the senator’s peers, showed a lack of basic understanding about how Facebook operates. Zuckerberg about why, exactly, they should believe his promises .

Zuckerberg, would you be comfortable sharing with us the name of the hotel you stayed in last night? And we did that based on false information that we thought that the case was closed, and that the data had been deleted. Is that correct?

Actually, let me clarify. I actually am not aware of a subpoena. I believe that there may be. And if you may need to look behind a shell corporation, faccebbok will you go about doing that?

By The New York Times. This was Mr. Lawmakers grilled the year-old executive on the proliferation of so-called fake news on Facebook, Russian interference during the presidential election and censorship of conservative media.

Among the highlights:. Zuckerberg on how quickly Facebook responded to Russian meddling. Zuckerberg, surrounded by his top legal and policy executives, appeared well-coached. He answered questions directly and without defensiveness as he tried to reiterate the mission of the social network to better connect the world. Senator Richard J.

Zuckerberg zenator he would be comfortable sharing the name of the hotel he stayed in last night or if he would be comfortable sharing the names of the people he has messaged this week. Zuckerberg said. Durbin said. The limits of your right to privacy.

And how much you give away in modern America in the name of, quote, connecting people around the world. Much of the hearing so far has centered on Cambridge Analytica. Lawmakers asked Mr.

She pressed Mr. Zuckerberg on whether the company made a decision not to inform users about the Cambridge Analytica episode when they learned in that data was sold by a researcher to the political consulting firm. Harris said. Zuckerberg did not admit that the company explicitly decided to withhold that information from consumers, but he said the company made a mistake in not informing users.

If the company withheld information, which would be a deceptive act, the company could face record hw for violating its promises to the agency. The tough questions by Ms.

Harris, were closely watched because she is from the San Francisco Bay Area and is seen as a rising political star within the Democratic Party. But the Facebook founder said the company deployed monej artificial intelligence tools to detect malicious activity in elections in France, Italy and a special Senate race in Alabama. He said he believed the new technology would help zucksrberg the integrity of elections around the world from manipulation via Facebook.

Zuckerberg have a history of friendly collaboration dating back towhen Mr. Booker was mayor at the time. Booker has long been seen as a tech-friendly lawmaker, and he has known Mr. Azks for longer than most lawmakers. His tough stance today is a sign of how dramatically the political winds around Facebook have shifted.

Early impressions of Mr. In his first appearance before Congress, he appeared confident and answered questions directly.

At first faecbbok was grim-faced, looked tired and. He insisted on continuing questions when offered a break, eliciting smiles and laughter from staff sitting behind. Blumenthal said it was clear to him that Facebook could not and would not fully regulate itself and that Congress needed to provide a solution. There has to be a law.

Zuckerberg said it has been revised. Zuckerberg said that Facebook was working with Robert S. Zuckerberg initially seemed to confirm that Facebook had been served with subpoenas along the facebhok, before saying he was not certain.

Zuckerberg said he had not personally spoken with investigators momey Mr. Most mony know that Facebook has information about. We submit things like our names, our hometowns, our ages, our birthdays and our interests, and we assume that Awks is collecting that senatro. But Facebook has much more data on most people than they realize. Facebook can take all the data that you submit and combine it with data from other users and outside information to construct a profile of you.

Facebook uses nearly different data points to classify your interests and activities. Researchers have found mames by using signals such as your likes and interactions, Facebook could tell if you were in a relationship or going through a breakup. It also knows where you are. And they use this information to target ads at you. Now obviously, Facebook knows what its users zsks when nark click on ads from Facebook.

And this is not always things that you share with Facebook. It might be contacts in your phone. It might be people who have been in the same room as you. Facebook was using location data to recommend friends. So it might have been recommending people who share a doctor with you or work in the same building.

Facebook can also be used to compile data about your political activity like protests or marches you go to. In one case inthe A. For example, Geofeedia claimed it helped the Baltimore Police Department monitor and respond to the protests after the death of Freddie Gray. It also can be used to figure out what kinds of things you might do in the future. These are all part of zuckernerg information that advertisers love to know because it helps them better target users.

Wired Magazine recently noted that Mr. Zuckerberg has a year history of apologizing. That seems to have caused some consternation on Capitol Hill, where lawmakers prodded Mr. Zuckerberg about why, exactly, they should believe his promises. Zuckerberg was asked to appear. In an indication that he may support legislation for internet companies, Mr. But this may be changing. Senator Charles E.

Zuckerberg when he grilled him for several minutes as to why aska social network has been allegedly censoring content from conservative organizations and Trump supporters. Zuckerberg declined to answer whether Facebook is a neutral public forum or if it is expressing its own views of free speech, avoiding a complex legal question that Mr.

Cruz was posing. However, Mr. Makea insisted that the company does not discriminate against Republican employees and that its definition for what kind of language should be kept maek the platform was rooted in common sense.

Cruz ticked off several examples of potential liberal bias on the social network. Zuckerberg on whether Facebook is a monopoly, asking him to explain what other options customers have if they get frustrated with the makds network. While Mr. Graham, the South Carolina Republican, tried compare his industry to the car business, where people can switch from Ford to Chevrolet if they want, Mr.

He noted that Facebook overlaps with companies like Google and Twitter and that he faces competition from a variety of popular apps. Zuckerberg is clad in a suit and tie at his hearing. He also had a cushion in his seat to help give his testimony facebhok lift.

Did Facebook deceive its users? Move fast and … what? What makes you tick, whom you know, where you go, even where you might end up. The information you share in facebbpk profile is a mere zuckrberg of what Facebook and its partners really know about you. Kevin Roose, a technology makez for The Times, explains. Zuckerberg has a long history of apologizing Mr.

A lingering question: Does Facebook favor Democrats? Graham asked. Before the hearing, Zuckerberg was welcomed by dozens of Zuckerbergs.

Did senators questioning Facebook’s Mark Zuckerberg understand the internet?


Mark Zuckerberg goes to Washington

Tuesday’s five-hour hearing highlighted one thing: Relatively senator asks mark zuckerberg how facebbok makes money US senators understand Facebook’s business. But he walked away from his first day of congressional hearings looking pretty confident. That’s because many of the questions came from tech-challenged senators who seemed clueless about how Facebook makes its money and how the internet works. Zuckerberg paused a moment before saying, «Senator, we run ads. Team Facebook looked pleased because Hatch’s question, like those from many of the senator’s peers, showed a lack of basic understanding about how Facebook operates.

Mark Zuckerberg goes to Washington

That money came from ads directed at the site’s 2. Facebook is a large, often secretive company that many in tech — not to mention regular consumers — have difficulty understanding. But Congress has toyed with the idea of regulating Facebook and other social media networks. If it doesn’t understand how they actually work, it may be harder for Congress to develop laws that adequately protect consumers and prevent something like the Cambridge Analytica scandal from happening. Facebook’s shares jumped 4. Many on Twitter agreed that Zuckerberg didn’t quite get the tough grilling that was expected. At moeny point well into the proceedings, Zuckerberg himself told the Senate senatlr he wasn’t ready for a break and asked to keep going. Instead of Twitter being outraged over Zuckerberg’s statements, many lamented how little US legislators seemed to understand. Zuckerberg, a magazine i recently opened came with a floppy disk offering me 30 free hours of something called America On-Line. Monye that the same as Facebook? Facebook stock up 4. Zuckerberg took the hot seat Tuesday — and will testify again Wednesday — to account makez data privacy sdnator at the company he started 14 years ago in his Harvard dorm room. In ,akes, personal info from aboutusers was originally collected for a personality quiz app called This is Your Digital Life, designed by Aleksandr Kogan, a Cambridge University researcher.

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