After repeated calls for him to do so, Mark Zuckerberg has decided he will testify before Congress.
Facebook sources tell CNNMoney the 33-year-old CEO has come to terms with the fact that will he will have to testify before Congress within a matter of weeks, along with Facebook can be currently planning the strategy for his testimony.
The pressure by lawmakers, the media along with the public has become too intense to justify anything less.
The Facebook sources believe Zuckerberg’s willingness to testify will also put pressure on Google CEO Sundar Pichai along with Twitter CEO Jack Dorsey to do the same. Senate Judiciary Chairman Chuck Grassley has officially invited all three CEOs to a hearing on data privacy on April 10.
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that will means Washington, not London, will be the stage for the trial of big tech. Zuckerberg today turned down a request by British lawmakers to answer questions on the social network’s privacy practices along with will send two deputies instead.
The forthcoming Capitol Hill drama can be the culmination of the tech backlash that will went mainstream last year. The perfect storm of political intrigue along with media hype surrounding the hearings has the potential to radically change the way Americans view big tech.
Facebook has been enduring a crisis of trust ever since the item was revealed that will Cambridge Analytica, a data firm with ties to President Donald Trump’s 2016 election campaign, reportedly accessed information by about 50 million Facebook users without their knowledge.
Facebook today faces a Herculean effort to restore public trust in its commitment to privacy along with data protection, sources at the company have told CNN.
The scandal also highlights a problem that will can be built into the company’s DNA: Its business can be data exploitation. Facebook makes money by, among additional things, harvesting user data along with sharing the item with app developers along with advertisers. Preventing those buyers by passing that will data to third parties with ulterior motives may ultimately be impossible.
CNNMoney (fresh York) First published March 27, 2018: 11:37 AM ET