zuckerberg blames sandburg and her team for the blowback on the political scandal. a research firm accessed private data during the 2016 campaign and used it for political research. this report came days after the "new york times" detailed how facebook struggled to respond to russian disinformation operations. according to "the times," the company hired a research firm to spread information about facebook's critics, including philanthropist george suros. the criticism of his company and disinformation was warranted, but sandburg said the timing of the investigation was unfair and simply at times not true. stamos, whose name came up in the report, wrote an op-ed responding to it. he said cheryl sandburg was angry when he wrote the op-ed on facebook but no one told him not to investigate it further. and alex stamos, who is an msnbc contributor and also a professor at stanford university joins us. it's great to see you again. >> thanks, kasie. >> one of the things you wrote in the op-ed was this. yet face books' short comings do not stand alone, the massive u.s. intell

sandburg says the firm has never paid for fake news.n we pressed her on why she didn't know about the role as an opposition research firm at the company, she responded, i wish i had. >> the question is what did they do and how much money did they spend on it. >> reporter: senator khlobuchar. but for now, sandburg says, yes, i believe so, and as for the security issues, she said, it's on me, on us, to figure out what those are. trust takes a long time to rebuild. we know we have a long road ahead and we don't expect it to happen overnight. in response to "the new york times" report, the washington firm told us its work was factual and based on public records. george sorros and others have called for facebook to have an investigation information. facebook does say it is now evaluating all the firms they have hired and what they exactly do. there's more to come on this. you'll hear from some employees, saying in chat rooms that the company has lost its moral campus, question about whether advertisers will boycott facebook. a lot of questio

i think it would be a terrible mistake for the board of facebook to fire sandburg. look at it is there are some extremely experienced wise people on the facebook board that maybe you got, you know, some of these people have been around far long time i think that the board probably needs to know more about what's going on to fire sandberg would be a t terrible mistake i can't imagine a worse decision than to fire sandberg. >> you mentioned that sandberg oversees the entire business side of the company. so advertising, everything that you would basically see going to the bottom line. it seems to be those things would suffer and they are not already suffering. are we not seeing any business impact from all of these issues that have been in the news for well over a year now >> well, we haven't seen many advertisers saying we aren't doing businesses because of these types of things. what we have seen is that some users have started to use facebook less and it is rieching some polices and it's immar than facebook it seems like it is in response to a big account criminal d

: facebook's board of directors said in a statement as a board we did indeed push zuckerberg and sandburg to move faster. >> the big issue is tech had a big year led by facebook. they were worried more about the blame on themselves. >> reporter: even prince william criticizing big tech. >> technology companies have a great deal to learn about the responsibilities that come with their significant power. >> reporter: this comes as facebook takes a financial hit. the stock dropped more than 20% in the last six months, and the number of new users is slowing down as scandals take a toll. lester? >> thank you. >>> dartmouth college is hit with a lawsuit for $70 million from seven women that accused the school of ignoring their sexual misconduct complaints against professors for more than a decade. now as gabe gutierrez reports, those accusers are speaking out. >> christine, who just got her ph.d. in neuroscience at dartmouth but in 2015 she says she was raped by a professor while attending a conference. >> i have no memory of that night. we had sexual intercourse, which i now believe to be sexu

shares are still in the stock market but it's a private company and whether mark that commercial or sandburg resign or change their role it's really up to them unless there's some kind of government action against them but bottom line is that these are the people who have been running the company for a year they're the people who brought the company into profitability i remember when they went public on the stock market and they failed for a while cheryl mark another executive managed to turn the company around i think that moshe are holders are very happy with the performance of dr breggin founder and i want to keep him there having said that i think that have had some issues in the past he is maturing he has when he started this company in his early twenty's in college but he i've known him for over the years and i think in mature nevertheless i think this company might want to bring in some other executives to make sure that they're behaving in the way that it's going to allow them to sustain themselves especially in a regulatory environment that we're in now both in europe the us and of

the evidence here, "the new york times" story was just the tip of the iceberg, that sandburg and zuckerbergfitability first. >> they're hamstrung by their own commercial interests. those of their investors, those of the company, those of the shareholders. i think something that's consistent across this country. it's an industry that does not operate with a sound regulatory regime. >> should it? because there's something beautiful about the free internet and free speech and all those places in the world where people have been able to use social media to articulate their aspirations in a way we take for granted in america. what does regulation look like in this space? >> there's no doubt that internet companies have done a mazing things. they have a lot of -- a lot of, lot of commerce. what we already can say is these are platforms that are businesses. they're not there just sitting around and allowing people to communicate, they are businesses. they've set u business models that operate silently in their servers. effectively built to remote content that's shared by anybody who's willing to p

"new york times" reports earlier this year sandburg asked her staff to look into whether billionaire activist george soros had any financial interest in his attacks on facebook. shortly after soros called them a menace that should be regulated. a facebook communications, executive claims responsibility for the hiring of the public affairs that went into spreading stories about soros. sandburg told cbs news earlier this month it would be a problem if definers inadvertently played into any anti-semitic attacks on anyone. she made a point to tell us she has a lot of respect from soros. the story's not over. >> go to cbsnews.com to look at the last interview you had with her. >>> underprivileged black students into elite colleges. how viral videos reportedly hid the >>> we have much more news ahead. how a swimming with the sharks experience in the bahamas went terribly wrong for an 8-year-old. >>> and groundbreaking technology is changing how airline passengers check in for their flights. kris van cleave shows us how atlanta's massive airport is using it. >> the days of needing your pass

almost a half% bump on the s&p and and modest bump on the nasdaq, and the chief operating officer sandburgaid they tried to discredit those who meddled with the elections. facebook knew about russian interference in the 2016 election for more than a year before the executives shared the information publicly and facebook fought back against the critics by hiring public relationships forms and linking them to jewish millionaire george soros, and they said: hey said: >>> fao schwartz is making a comeback. the new york store was an icon more than 30 years on fifth avenue. the new store will be smaller, but it will have familiar attractions including a musical clock tire tower and the giant piano keyboard made famous by tom hanks in the film big. >>> and the incident where they raised money for a homeless man, it was a hoax, he used his $20 to help a stranded woman to buy gasoline, they say it was a complete lie. the couple and this man worked a scam. people donated $400,000 and prosecutors say that money will be refunded. the three suspects are facing charges including theft by deception. >>>

the author of the piece that send sandburg and zuckerberg scrambling is about to join us >>> but, firsttting wrecked today led by getting wrecked today led by nvidia what do advisors look for in an etf? getting wrecked today led by nvidia i tell clients, etfs can follow an index, mi it's not about quantity. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends on it. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. . >>> welcome back let's get a check on the markets. stocks higher but off the session highs. dow up more than 200 points following comments by president trump by wanting a trade deal with china and more tariffs may not be needed despite the gains. the s&p on pace and the dow and nasdaq on track for big, weekly declines there you can see the dow industrials hanging on to that gain b

cheryl sandburg is saying we didn't employ anyone to do this. well, maybe.ig picture is facebook is running away from its leadership. has grown to a point where it's out of their control. >> you got to campaign that to a jamie dimond. he said, i didn't know these things happened on my watch. i'm the ceo, the buck must stop with me. did this call go remarkably -- how does that not cause the board to say, mark, are you even doing your job? >> our friend cara swisher made a really great point. which is, look, even if you didn't know, you're the ceo of the company. you need to pretend like you knew. and with promise with mark zuckerberg, i think his brain is just hard wired differently. he sees this company in historical terms. all of this is just noise for the grand vir sion he has. when he hears a problem, he just thinks, how do i solve it? >> dylan, he lost that privilege. when the company decided to have billions of users around the globe. we he decided to go public and have to answer to shareholders, you don't get to say, i'm just a programmer in a hoodie d

that was a blow but the real blow is when cheryl sandburg said it herself.hrew her communications team under the bus. >> seems like she's throwing a lot of people under the bus. the idea she's been intimately involved in the efforts to go after the critics to sort of stave off any sort of regulatory efforts to go after the company's competitors, the idea she wouldn't have known about this. this firm was sending it to the company. honestly, it's so hard to believe that argument and if you do believe that argument, it suggests that both the chief executive and chairman and the chief operating officer don't know what's happening inside their own company. >> you can't say that the damage is done and we need to move on because the damage continues to be done. facebook is still being used for and can still be used for -- with bad actors. with bad intentions. how do you fix the culture. how do you fix the culture like that? >> nfixing the culture will be hard. i think facebook has coming up to 30,000 employees around the world. they are getting to the size where th

. >>> fbi cheryl sandburg tells us a report she tried to hide interference in elections is not true. and in our school matters

put someone out there like sandburg. she is terrific, a brilliant lady.erberg does not play well in front of these guys. and jeff bezos was hated by the liberal, he was hated by conservatives. now he says we will deal with the dod. he is the darling. mark zuckerberg can't figure out the political process so i think it's best to keep them out of the limelight. >> but then why bring up cheryl? she is to politically connected. she is from washington, the political world, she will not appoint harry reputation on the line by sitting on that chair. that is my opinion and why i would think she is not stepping in in this role. so zuckerberg -- >> i did nothing facebook readership can win either way. no matter who you put, they will not win. this is a bunch of politicians that just want to get soundbites. they want to make themselves look good and they want to make facebook look like the great big bad enemy. i don't think they can possibly win. what they're probably looking for anything a lot of social media is looking for is, as much as i hate regulation, they wa

the journal says zuckerberg told sandburg he blamed her.s made massive investments in safety and security. rmas arrested we've made for an alleged financial crime. an internal investigation found he underreported his income by millions of dollars. the industry icon is credited with helping to turn around nissan. >>> reports thousands have been ordered to evacuate immediately in guatemala where activity is identifying again. about 2,000 illages in the surrounding area were told to go to a safer place. an eruption killed 194 people in june. >>> a german race car driver undergoing surgery after fracturing her spine in a spectacular crash. she slammed into a fence. two other people were hurt. she tweeted she's okay. she was going 171 miles an hour when she hit that curve, very lucky. >> a pea row technique gone wrong. exploding fireworks rained down on a crowd of people. the daytime coughing, stuffy head, vaporize your cold, medicine. (host) here...at snowfest... (vo) for your worst sore throat pain try new vicks vapocool drops. it's not candy,

statement from the board in which it said that the board urged faster action by zuckerberg, as well as sandburgitnessing what could be a division between the board and management the board sounded almost like it was trying to insulate itself from blame. >> well, it's interesting because we have to remember, melissa, zuckerberg does control the majority of voting shares. this is a company that he does control. he does want to have good corporate governance from a stock market there is incentive for that and i think that there has been a big push at the company towards transparency the fact that zuckerberg and his colleagues are on calls right now. they have been sending out statements and posting these blog posts they are trying to show that they can be transparent and they are changing their ways after the manipulation on the platform back in the 2016 election. so, they're making a big effort here it will be interesting to see what kind of dynamic we hear in the q and a portion of this call but that both the board and management are making an effort to show transparency >> we will see how this

your take -- cheryl sandburg. your take on this.pany, he was busy crowing about learning mandarin and reading 2 a 5 books every year -- 25 books every year. i was talking to someone i'm very close to who works in silicon valley and reaction to that new york times story, he said have a cocktail, join the party, where have you been, that all of these problems that have been reported at facebook are built into their business model and have been going on in one way, shape or form since day one. >> yeah, focus, i don't think there's been a focus there. remember the cambridge analytical scandal, zuckerberg was nowhere to be found for days. there's been a lack of leadership here. look, i'm glad. if he's really genuine about going to war, it's about time. facebook has made continuous excuses for why they've fallen short on a lot of areas, why they haven't disclosed data breaches early. it's time for some leaders to step up. dagen: the thing that makes my head hurt, you can get in on this, facebook gave app developers access to not only indi

keith do you think a change at the very, very top zuckerberg sandburg is it coming soon?mtion it is so long overdue it is ridiculous gone on a smear campaign against critics thought we're smarter than others and less educated and savvy. i think facebook needs to get its come up and that is good for investors ultimately but not now. >> getting it right now down to 136 as we speak. and it had been nearly 225 i think i'm looking at that chart. well -- 225 to 13 6 is one big tumble. blaming sheryl sandberg with such an impact on company being where it is. mark has to take responsibility from company is and dropped the ball and not put it on sheryl sandberg and put it on himself and start taking action to regulate themselves to try to keep the government at bay. because if not, i agree with keith. they have more downside if they don't do something about it. >> here's the the question he owns there's little accountability for mark zuckerberg incentive wise because owns 60% of the voting shares so should congress step in and change security law to ka the am of voting shares -- o

very critical of sandburg and lack of response of what's going pop stock down 2.142 now look at thisumber from pugh research. 68% of americans have either quit or taken a break from social media this year. market watcher michelle with pain capital management with us now that's surprisingly large number. real headache for facebook surely. >> very headache for facebook, and facebook again just can't catch a break. i feel like it's negative headline after negative headline after negative headline. in materials of the social media break, though, i mean i have to say it stuart, i was thinking the other night i'm getting carpal tunnel in my thumb because of tweeting i've been ding and i've been thinking about about taking a break this is a real problem and potentially it could get worse. >> what -- what can the government or anybody else do to facebook that would really hurt them and at the same time remedy the situation? i can't think of anything they can do. smg they could take the pass at the e.u. because that is a path. >> strong regulations and huge fine if you do not protect people's