i implore you to do the same here. >> and frances haugen joins me now. welcome to "meet the press." >> thank you. >> we want to start with why facebook is so afraid of any government intervention. and i say this because they have helped kill -- all those bills i showed that none of them came into law? they -- and they're not alone -- but they had a lot of lobbyists kill those bills. what are they afraid of? >> when you look at the history of facebook's stock price -- and i did this before i came out -- over the course of the five years before the facebook disclosures began to become public, facebook stock only declined versus the nasdaq by more than 5% about 25 times, 27 times. overwhelmingly, those events, when the stock price declined, were when something came out that demonstrated facebook was going to have to spend more money on safety. facebook is scared that if we actually had transparency, if we actually had accountability, they would not be a company with 35% profit margins. they'd be a company with 15% profit margins. >> is that so bad? >> no. t

of the one of the president's well, the first lady's guest at the state of the union was was frances haugen. but facebook with facebook whistleblower. so this is an issue that the president's going to continue to focus on and at this is incredibly important to him. and so as the new congress starts, he's going to continue to reiterate a bipartisanship there. reporter: when it comes to liability does he think social media companies need to have some skin in the game where they could be sued over what happens on the platform? secretary jean-pierre: when it comes to reforming of section 2 to 2.30, he calls for east continue to use to call for that increasing competition, reducing the impact of tech companies. it extends back to the campaign. he reiterated them as president. he will do that and call for a bipartisan legislation as we see in the new congress. that is what you will hear from the president. that is what he wanted to lay out his thoughts with the new congress in the op-ed. reporter: can i get a reaction on the new select committee on china? does the administration plan to work with