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KIYC: Finding what information Facebook knows about you

14 April 2018

Senator Bill Nelson, one of several lawmakers who met privately Monday with Zuckerberg, said he believes the 33-year-old CEO is taking the matter seriously.

Although shares of Facebook (FB) dipped Thursday morning, they are still up almost 3% since Zuckerberg entered Capitol Hill to face questions from the Senate Tuesday.

It's the picture of one big happy family, that's far from happy. Have you tried turning it off and turning it on again?

Speaking to the gravity of the situation, Facebook CEO Mark Zuckerberg traveled down to Capitol Hill this week where he fielded pointed questions from lawmakers about data privacy and a range of other issues. Facebook officials have acknowledged the situation and have begun to take measures to shore up security protocols and to reassure the public that the situation is being investigated and protectionary measures are being put into place so that this doesn't happen again. "What if I don't want to receive those commercial advertisements?"

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"I think it is time to ask whether Facebook may have moved too fast and broken too many things", said Greg Walden, Republican from OR, in his opening statement.

Billionaire Zuckerberg went through two days of grilling from U.S. lawmakers and did his best to explain why data from 87million Facebook users' profiles may have been shared without their permission with a controversial political data analytics firm.

Propose regulations to govern the tech industry. How can members of Congress hope to successfully regulate these technologies if it doesn't understand them?

"How can consumers have control over their data when Facebook does not have control over the data?" asked Representative Frank Pallone of New Jersey, the ranking Democrat on the House Energy and Commerce Committee, at the beginning of Wednesday's hearing. Facebook knows a fair amount about you. They may even be aware that their own re-election could be on the line, potentially from foreign interference.

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These hearings show that our grandpa-congressmen don't know all that much about the internet. Erickson also reported that the company tried calling them twice on Tuesday. "I think the company was appreciative that I was raising awareness about it, but they ultimately didn't make enough changes to close the vulnerabilities, which would have prevented Cambridge Analytica from happening".

We know what kind of regulation we need.

The 33-year-old CEO said Facebook was in a constant struggle to guard against Russian manipulation of the Facebook platform to influence elections in the United States and elsewhere. "Of course, if this sentiment were to be similar across other countries, 15% of 2 billion users is a sizable chunk of the installed base that would disappear".

In his written remarks, Zuckerberg called Facebook "an idealistic and optimistic company" and said: "We focused on all the good that connecting people can bring". That requires being just as well-informed as he is. Some people are downloading their data to see exactly what information Facebook has collected about them.

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KIYC: Finding what information Facebook knows about you