Facebook Inc Chief Executive Mark Zuckerberg on Wednesday told lawmakers that his own personal data was included in that of 87 million or so Facebook users that was improperly shared with political consultancy Cambridge Analytica.
But he pushed back on Congress members' suggestions that users do not have enough control of their data on Facebook in the wake of the privacy scandal at the world's largest social media network. "Every time that someone chooses to share something on Facebook ... there is a control. Right there. Not buried in the settings somewhere but right there," the 33-year-old internet magnate told the US House of Representatives Energy and Commerce Committee.
Once again wearing a dark suit instead of his usual gray T-shirt, the hearing was Zuckerberg's second in two days. On Tuesday, he took questions for nearly five hours in a US Senate hearing without making any further promises to support new legislation or change how the social network does business, foiling attempts by senators to pin him down.
Investors were impressed with his initial performance. Shares in Facebook posted their biggest daily gain in nearly two years on Tuesday, closing up 4.5 percent. They were down 0.7 percent in early trading on Wednesday. Facebook has been consumed by turmoil for nearly a month, since it came to light that millions of users' personal information was wrongly harvested from the website by Cambridge Analytica, a political consultancy that has counted US President Donald Trump’s election campaigns among its clients.
With inputs from News 18.