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Instagram got as big as they are with a lot of Facebook’s help. They also have the benefit of learning from Facebook’s mistakes. But it’s complicated. My cover story: https://www.bloomberg.com/news/features/2018-04-10/instagram-looks-like-facebook-s-best-hope?utm_campaign=socialflow-organic&utm_medium=social&utm_source=twitter&cmpid=socialflow-twitter-businessweek&utm_content=businessweek …pic.twitter.com/b0lpyxSidT
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Asks if Facebook will be willing to give users more control Zuckerberg says they already do. And Kennedy already has the ability to not share data if that's what he wants to do.
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Sen Kennedy: "Here's what everybody's been trying to tell you today, and I say this gently. Your user agreement sucks. the purpose of Facebook's user agreement is to protect Facebook's rear end."
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Zuckerberg denies the "conspiracy theory" that Facebook listens to your phone mic and targets ads that way.
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the old "media company" debate. Zuckerberg: I view us as a tech company Sen. Sullivan: But you said you're responsible for your content Zuckerberg: I agree that we're responsible for the content, but we don't produce the content.
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Sarah Frier Retweeted
honestly I think this is the second most important exchange todaypic.twitter.com/Dsj3rQPmZe
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Sarah Frier Retweeted
Zuckerberg Defends Facebook's Value as Senators Question Apology https://www.bloomberg.com/news/articles/2018-04-10/facebook-s-zuckerberg-warned-by-senators-of-privacy-nightmare …
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Sarah Frier Retweeted
Zuckerberg keeps saying Facebook users allow targeting because they prefer "relevant ads." A recent Reuters/Ipsos poll found the opposite: https://slate.com/technology/2018/03/reuters-ipsos-poll-shows-americans-dont-trust-facebook-will-stay-on-it-anyway.html …pic.twitter.com/kO0KplwXV6
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Sen Graham pins Zuckerberg on whether FB is a monopoly. If he doesn't want to buy a Ford, he can buy another car, if he doesn't want to use Facebook, what is there? Why did Facebook buy Instagram? They're good app developers, Zuckerberg said. Very good:https://twitter.com/sarahfrier/status/983650637996019712 …
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Sarah Frier Retweeted
Lindsey Graham on the Boz memo: "If somebody said this that worked for me, I'd fire 'em." (Boz memo: https://www.buzzfeed.com/ryanmac/growth-at-any-cost-top-facebook-executive-defended-data …)
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Sen Graham: "Is there an alternative to Facebook in the private sector?" Zuckerberg talks about how there are all sorts of messaging apps, etc Graham: "You don't think that you have a monopoly?" Zuckerberg: "It certainly doesn't feel that way to me."
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Zuckerberg says that Facebook employees worked with the Trump campaign the way they would with any other major advertiser but can't say, either way, whether Cambridge Analytica worked with Facebook there too
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Zuckerberg: "There will always be a version of Facebook that is free." version of??
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Sen. Hatch said this is the most intense public scrutiny of a tech company he's seen since Microsoft in the 90s
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Zuckerberg says being slow to identify Russian misinformation on Facebook around the election was "one of my greatest regrets"
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Zuckerberg has so far mentioned starting the company in his dorm room twice. The company didn't have AI back in the harvard days, so they had to police the company's policies reactively. now, going to be able to be more reactive by building out AI. but it's "still reactive"
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Why doesn't zuckerberg totally spell out its privacy policies? Most people don't want to read long legal documents, Zuckerberg says. the longer you make it the fewer people you'll reach.
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first Q: "Do you know of any other instances where data was transfered to a third party in breach of facebook's terms? if so, how many times has that happened?" Zuckerberg: said they're investigating tens of thousands of apps to make sure. but no new info.
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Zuckerberg starts talking. Makes the point that Facebook is an optimistic company that didn't take enough of a broad view of its responsibility. To not just build tools, but make sure they're used for good. A little background on what that means here:https://www.bloomberg.com/news/articles/2018-04-10/zuckerberg-hearings-presage-end-of-move-fast-break-things-era …
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Senators are giving their opening statements to Zuckerberg. This crisis "has exposed that consumers may not fully understand or appreciate the extent to which their data is collected, protected, transferred, used and misused," Grassley says
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