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Mar 22, 2018
03/18
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from wired, the people have lost their trust in mark zuckerberg.s he took to respond to the data breach scandal have done irreversible damage to the company. and from quartz, uber‘s need for self—driving cars before running out of money may endanger the entire industry. and don't forget, let us know what you are spotting online. use the hashtag #bbcthebriefing. that's it for business briefing this hour. rural communities are being failed by the government, according to a new house of lords report. it says cuts to departments are having a profound, negative impact on england's biodiversity, and the social and economic welfare of rural areas. claire marshall has this report. the overwhelming number of people who live in the countryside are being failed by government, that is according to today's report. the house of lords select committee says there should be radical change in how rural communities in the countryside are looked after. it suggests stripping the regulator of its power to regulate on rural affairs. some of the worst spots for deprivatio
from wired, the people have lost their trust in mark zuckerberg.s he took to respond to the data breach scandal have done irreversible damage to the company. and from quartz, uber‘s need for self—driving cars before running out of money may endanger the entire industry. and don't forget, let us know what you are spotting online. use the hashtag #bbcthebriefing. that's it for business briefing this hour. rural communities are being failed by the government, according to a new house of lords...
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Mar 22, 2018
03/18
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CNNW
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mark zuckerberg breaking his silence to say i'm sorry. is that enough? lawmakers are demanding more. they want him to testify before congress. zuckerberg is open to it. >> the short answer is i'm happy to do so if it is the right thing to do. facebook testifies on a number of topics regularly. high profile or not. our objective is to provide congress with the important job to have the most information that they can so we try to send the person at facebook who will have the most knowledge of what congress is trying to learn. if that is me, i'm happy to go. >> you are the brand of facebook. people want to hear from you. >> that's why i'm doing this interview. in the issue of congressional testimony, what is the goal? that's not a media opportunity or it is not supposed to be one. the goal there is to get congress all the information they need to do their extremely important job. we want to make sure we send whoever is best informed of doing that. >> here come the regulators from the u.s. and urin-- u.s. and eu. that is hurting the stock price losing $50 mi
mark zuckerberg breaking his silence to say i'm sorry. is that enough? lawmakers are demanding more. they want him to testify before congress. zuckerberg is open to it. >> the short answer is i'm happy to do so if it is the right thing to do. facebook testifies on a number of topics regularly. high profile or not. our objective is to provide congress with the important job to have the most information that they can so we try to send the person at facebook who will have the most knowledge...
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Mar 21, 2018
03/18
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BLOOMBERG
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spoke to people since zuckerberg's post and there is a range of opinions.nalysts are saying this is a good first step. others are saying this is too little, too late. the public has moved on to bigger questions about facebook and zuckerberg's post narrowly addresses the problems with developer platforms. the bigger question is about thate's data and what facebook should have notified people about the breach in 2015. haidi: is not just about public discontent, but within the company we are expecting zuckerberg and insiders to address employees and they didn't. i should say yesterday, the company had a meeting with employees to try to answer employ questions about what is going on. they sent a lawyer to that employees were disappointed in that because zuckerberg as a leader always tried to say facebook is doing good for the world. sandberg hotspot how it is important to be open and transparent, and neither was at the meeting. facebook new whatever was said the, and zuckerberg is going to speak later today on a new station and yet this post, which was carefull
spoke to people since zuckerberg's post and there is a range of opinions.nalysts are saying this is a good first step. others are saying this is too little, too late. the public has moved on to bigger questions about facebook and zuckerberg's post narrowly addresses the problems with developer platforms. the bigger question is about thate's data and what facebook should have notified people about the breach in 2015. haidi: is not just about public discontent, but within the company we are...
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Mar 21, 2018
03/18
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zuckerberg. >> i just want to be clear.headline about mark zuckerberg not testifying, that is as big an indictment of facebook as it is the u.s. congress because the u.s. congress -- >> can you subpoena him? >> you can. and i'm saying the u.s. congress, after everything that happened in the elections, was fine taking only the lawyers for these companies. no disrespect to lawyers. i love lawyers. but if you want to talk about policy and corporate responsibility, you need the ceos there. these are the same ceos -- >> we talked about it earlier. whlt financial crisis happened, the bank ceos with the tails between their legs shrinked down to washington. >> it's not only zuckerberg. these ceos give a lot of money to both parties. so, during a wide ranging probe over this whole year, the congress never got around to making ceos show up. mark zuckerberg's comment was he went farther thant he wanted to. there will be incredible pressure building with senator warner a warn warner -- >> they don't have a true understanding of what fa
zuckerberg. >> i just want to be clear.headline about mark zuckerberg not testifying, that is as big an indictment of facebook as it is the u.s. congress because the u.s. congress -- >> can you subpoena him? >> you can. and i'm saying the u.s. congress, after everything that happened in the elections, was fine taking only the lawyers for these companies. no disrespect to lawyers. i love lawyers. but if you want to talk about policy and corporate responsibility, you need the...
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Mar 21, 2018
03/18
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BBCNEWS
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unfortunately mark zuckerberg does not want to let mark zuckerberg go right now.ow, do you think? he has offered some things which will help, among them the ability for users to find and remove far more easily than they can do now the apps they have given access to data on their site but which they have no use for the last two months. all of those things you hook up to your facebook account and forget about, in the future you will be reminded and say maybe you want to unlink this. it has promised the wide—ranging order that they should have done back in 2015 when they we re have done back in 2015 when they were first aware of this. —— wide—ranging audit. going through apps with untrammelled access to user data for seven years, finding the ones which abused as ants notifying users that they have had their data taken. he spoke about a breach of trust, how much do you think there has been mapped and how much do you think it concerns people who use his site everyday and can like all the other offerings it puts in front of them? i think there has been a breach of trust
unfortunately mark zuckerberg does not want to let mark zuckerberg go right now.ow, do you think? he has offered some things which will help, among them the ability for users to find and remove far more easily than they can do now the apps they have given access to data on their site but which they have no use for the last two months. all of those things you hook up to your facebook account and forget about, in the future you will be reminded and say maybe you want to unlink this. it has...
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Mar 22, 2018
03/18
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ceo mark zuckerberg speaking yesterday after three days of silence.hat wads wall street's take on his comments and his announcement of the company's new policies bank of america saying while zuckerberg addressed the issues, there was nothing that could be said to appease the most vocal critics and that backlash will persist. they expect impact to usage and cut the price target one writing zuckerberg's comments should be viewed positively by investors. the analyst notes it should allay fears about radical changes that could hit the business model it maintains its $200 price target and steeple saying there are few answers even after zuckerberg's comments the question comes down to, will facebook do the right thing? if they do, it will impact their business if they don't, they'll run into more trouble the firm cuts its price target to $168. keeps its hold rating. for more analyst reaction to zuckerberg's apology, let's bring in the analysts. gentlemen, great to have you with us. ken, i'm going to kick it off with you regardless of what analysts are sayin
ceo mark zuckerberg speaking yesterday after three days of silence.hat wads wall street's take on his comments and his announcement of the company's new policies bank of america saying while zuckerberg addressed the issues, there was nothing that could be said to appease the most vocal critics and that backlash will persist. they expect impact to usage and cut the price target one writing zuckerberg's comments should be viewed positively by investors. the analyst notes it should allay fears...
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Mar 27, 2018
03/18
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of steps that zuckerberg is taking that he has to address. >> if you are zuckerberg, what would you be most concerned about? tony: the penalty this carries could be incredibly steep. you have the wind back to 2011 when the ftc went after facebook for another unrelated privacy mishap. the ftc said that facebook would 20 years ofo privacy checkups by an independent company and would have to take steps to ensure user information was secure. now they are at it again to see if they broke the terms of that settlement. if they did they could face fines up to $40,000 per violation. beckett reach well above millions -- that could reach well above millions of the ftc finds multiple accounts. >> a few tweets in the past 24 hours from members of the united that throwing shade on the ad. the cost of an new york times apology ad is around $100,000 and the cost to testify to congress is zero dollars. the american people deserve more than a newspaper ad, they deserve nation. -- they deserve an explanation. >> has invited suck for -- to invited mark zuckerberg testify april 10 hearing. we have a call f
of steps that zuckerberg is taking that he has to address. >> if you are zuckerberg, what would you be most concerned about? tony: the penalty this carries could be incredibly steep. you have the wind back to 2011 when the ftc went after facebook for another unrelated privacy mishap. the ftc said that facebook would 20 years ofo privacy checkups by an independent company and would have to take steps to ensure user information was secure. now they are at it again to see if they broke the...
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Mar 21, 2018
03/18
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BLOOMBERG
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mark zuckerberg broke his silence.n a facebook post, he wrote, "we have a responsibility to protect your data and if we can't, then we don't deserve to serve you." bloomberg so far has written about what went on behind the scenes, and the current -- in the current issue of bloomberg businessweek. welcome. i want to start with you. the latest mark zuckerberg said, what caught your eye? >> a few things. he is, as people hoped he would, outlining concrete things to make sure this doesn't happen in the future. among those steps are things that facebook should've done years ago, which is, they are going to restricted developer access to your data if you haven't used to their app in three months, for example. these are issues that have to do with developers on facebook as related to the cambridge analytica scandal. this isn't a big privacy overhaul for facebook. many note ons twitter, didn't specifically apologize. however, he did say he is taking responsibility for what happened here, and sheryl sandberg, the coo, says she
mark zuckerberg broke his silence.n a facebook post, he wrote, "we have a responsibility to protect your data and if we can't, then we don't deserve to serve you." bloomberg so far has written about what went on behind the scenes, and the current -- in the current issue of bloomberg businessweek. welcome. i want to start with you. the latest mark zuckerberg said, what caught your eye? >> a few things. he is, as people hoped he would, outlining concrete things to make sure this...
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Mar 22, 2018
03/18
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what was striking there, despite zuckerberg's statement today, is that normally zuckerberg has , been one to be the damage controller, to come out and address employees. the fact that they put this lawyer in front of the company was a disappointment to some. i think there is a pretty big disconnect at facebook. it is a largely left-leaning staff, obviously based in silicon valley, most of them voted for democrats. on the other hand, this is a company that has to be neutral because they want to have people from both parties. the trump phenomenon, and this specific scandal, presents a bit of a problem for them, because it requires zuckerberg to be balanced, but also cater to these, a lot of bleeding heart liberals who work there. caroline: talking of catering, now needs to cater potentially the business for the future. sarah talk to us about the , business model now fares from here. some analysts talk about radical action that needs to be taken, more radical action than has been taken in the past, particularly regarding how you might limit segmenting of the audience. you might be able t
what was striking there, despite zuckerberg's statement today, is that normally zuckerberg has , been one to be the damage controller, to come out and address employees. the fact that they put this lawyer in front of the company was a disappointment to some. i think there is a pretty big disconnect at facebook. it is a largely left-leaning staff, obviously based in silicon valley, most of them voted for democrats. on the other hand, this is a company that has to be neutral because they want to...
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Mar 28, 2018
03/18
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one report says mark zuckerberg will testify before the us congress.an westminster. rory cellan—jones, bbc news. don't forget you can get in touch with me and some of the team on facebook — i'm @sharanjitlelebc. this is sport today. coming up. australian cricket coach darren lehmann remains in south africa but replays including steve smith sent home. world champions germany are beaten in early on with gabriel jesus scoring the only goal of the game for brazil. and the head of the commonwealth games will find out how a geography teacher from commonwealth games will find out how a geography teacherfrom ireland has inspired generations of athletes to global success. welcome to the programme. plenty to get through. we start with a cricketing news that three australian players have been sent home from the tour of south africa including the former captain and vice captain. steve smith and david warner and cameron bancroft avenue david warner and cameron bancroft ave nu e left david warner and cameron bancroft avenue left with glenn maxwell,
one report says mark zuckerberg will testify before the us congress.an westminster. rory cellan—jones, bbc news. don't forget you can get in touch with me and some of the team on facebook — i'm @sharanjitlelebc. this is sport today. coming up. australian cricket coach darren lehmann remains in south africa but replays including steve smith sent home. world champions germany are beaten in early on with gabriel jesus scoring the only goal of the game for brazil. and the head of the...
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Mar 21, 2018
03/18
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. >>> and to one of mark zuckerberg's former mentors. plus, as the syria war wages into its eighth year, the award winning journalist joins me with her new book about all the ordinary people caught up in it. ♪ >>> "amanpour" on pbs was made possible by the generous support of rosalind p. walter. welcome to the program. i'm christiane amanpour in london. explosive undercover footage aired by britain's channel 4 news revealing what is reporting as nefarious tactics used by a firm tied to the victories of both president donald trump and brexit in 2016. the company is cambridge analytica, a london based analytics firm. british officials are seeking a warrant to get into its offices right here to inspect its servers and systems. this after an undercover reporter from channel 4 news posed as a possible client to obtain secret footage of executives. and in the next video, you'll hear the ceo. the report suggests he and his firm considered using bribes and entrapment to sway voters in an election campaign. >> we want to know what you can do to m
. >>> and to one of mark zuckerberg's former mentors. plus, as the syria war wages into its eighth year, the award winning journalist joins me with her new book about all the ordinary people caught up in it. ♪ >>> "amanpour" on pbs was made possible by the generous support of rosalind p. walter. welcome to the program. i'm christiane amanpour in london. explosive undercover footage aired by britain's channel 4 news revealing what is reporting as nefarious tactics...
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Mar 22, 2018
03/18
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ceo mark zuckerberg's own net worth plummeted 9 billion bucks. zuckerberg finally acknowledged the breach, admitting his company was partially to blame, write, quote, we have a responsibility to protect your data and if we can't, then we don't deserve to serve you. later, zuckerberg went on a social media tour to talk more about the breach and to lay out what facebook is going to do to protect your personal information. >> so this was a major breach of trust. and i'm really sorry that this happened. our responsibility now is to make sure this doesn't happen again. and there are few basic things that i think we need to to ensure that. >> so what exactly is facebook promising to do? first, zuckerberg says it's opening an investigation into all apps that had access to your data before facebook tightened its guidelines in 2014. second, facebook will limit what data those apps can access without you giving permission. they will only be able to access your napme and photo and e-mail address. and facebook will lay out a new tool to show you what apps ha
ceo mark zuckerberg's own net worth plummeted 9 billion bucks. zuckerberg finally acknowledged the breach, admitting his company was partially to blame, write, quote, we have a responsibility to protect your data and if we can't, then we don't deserve to serve you. later, zuckerberg went on a social media tour to talk more about the breach and to lay out what facebook is going to do to protect your personal information. >> so this was a major breach of trust. and i'm really sorry that...
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Mar 22, 2018
03/18
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mark zuckerberg breaks his silence as facebook remains in crisis mode.were vaccinated as children, so why are more and more young adults getting mumps? and the sound of joyous news. >> do we seriously have a heart?
mark zuckerberg breaks his silence as facebook remains in crisis mode.were vaccinated as children, so why are more and more young adults getting mumps? and the sound of joyous news. >> do we seriously have a heart?
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Mar 20, 2018
03/18
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BLOOMBERG
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why haven't we heard from mark zuckerberg and sharon sandberg?ow the market continues to struggle amid the facebook turmoil and a large tech selloff. face back has wiped out gates for the entire 2018 plunging as much as 13% in the past two days. for more let's bring in abigail doolittle. 45 billion dollars in market cap. abigail: and it is still evolving, and if we take a look at the heart of the matter, image analytic had access and retained data on facebook users -- 50 million users without their permission. facebook learned of this back in 2015 and they did not do anything to tell those users or to secure the data. facebook is saying this does not constitute a hack or breach but they do not allow that type of data to be sold to a firm. great thaty area, so the ftc is launching a prop to see whether or not this is a violation of the 2011 consent agreement act. if there is some violation it could equal a massive fine. it could be a stunningly large fine and worst-case scenario for facebook could be a big fine. that is also bringing the governmen
why haven't we heard from mark zuckerberg and sharon sandberg?ow the market continues to struggle amid the facebook turmoil and a large tech selloff. face back has wiped out gates for the entire 2018 plunging as much as 13% in the past two days. for more let's bring in abigail doolittle. 45 billion dollars in market cap. abigail: and it is still evolving, and if we take a look at the heart of the matter, image analytic had access and retained data on facebook users -- 50 million users without...
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Mar 21, 2018
03/18
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if chuck grassley wants to subpoena zuckerberg to testify, they could. decide whether or not their executives sit down in front of leaders in washington. one thing that's interesting, that speaks to the power of these tech companies, i believe it was last year there was a big congressional hearing about the technology companies and the way that they interacted with russian meddling and none of their ceos were there, they sent in their lawyers. >> they sent people, mark zuckerberg and sheryl sandberg are household names. most americans know exactly who they are and who their faces are. we were all excited for that testimony last year. and they were people we've never seen or heard of. while the white house is sort of distancing itself from cambridge analytica, most people have never even heard jared kushner speak, the one interview i recall him doing last year with "forbes" magazine, he was happy to say how closely they worked with cambridge analytica on what a good job they did. remember that. guys, thank you. we're going to leave it there. >>> president
if chuck grassley wants to subpoena zuckerberg to testify, they could. decide whether or not their executives sit down in front of leaders in washington. one thing that's interesting, that speaks to the power of these tech companies, i believe it was last year there was a big congressional hearing about the technology companies and the way that they interacted with russian meddling and none of their ceos were there, they sent in their lawyers. >> they sent people, mark zuckerberg and...
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Mar 22, 2018
03/18
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zuckerberg. not his lawyer. mr. zuckerberg in the flesh. come and talk with us.few questions. to what extent, if any, when we go on facebook are we living in a controoifd world created by facebook's algorithms. sort of like truman in "the truman show." i would like to know to what extent facebook has been a good steward of our data. i like to talk about the bargain we've made with facebook. we know what we as consumers get. we get free access to the site. what exactly does facebook get, and what are they doing with it? how do we preserve the good things about facebook, and there are good things. at the same time stopping the corrosive effects of facebook as a social media platform and other social media platforms. >> senator, this sounds like more than just a response to a single incident. this sounds like a full body exam that's going to take a long time to get through. >> yes, and it's worth it. let me show you the game. facebook does many good things. it does in some respects bring us closer together, but in other respects we have discovered it pushes us apart
zuckerberg. not his lawyer. mr. zuckerberg in the flesh. come and talk with us.few questions. to what extent, if any, when we go on facebook are we living in a controoifd world created by facebook's algorithms. sort of like truman in "the truman show." i would like to know to what extent facebook has been a good steward of our data. i like to talk about the bargain we've made with facebook. we know what we as consumers get. we get free access to the site. what exactly does facebook...
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Mar 30, 2018
03/18
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zuckerberg has been eyeing that large profitable chinese market for some time. >> . >> zuckerberg willl kind of things to connect, that's their big word, to compete, to win. as you just saw there, it will huddle with the kremlin, it will innovate sensorship for chinese authoritarianism. keep that approach in line, when you hear mark zuckerberg claim that it actually has some universal values that will protect your information on the site. >> just to be clear, you're not going to sell or share any of the information on facebook. >> what the terms say is we're not going to share people's information except for with the people they have asked for it to be shared. >> well, obviously nobody asked for this data breach by trump's data firm that's been rocking the company. nobody asked for that, nobody wanted that, and i can't say enough, the company knew that for a long time. knew they asked for it, that's why it's a breach. other tech leaders have -- you have to ask them in plain english, you have to get real consent. that's a point zuckerberg's competitors at apple have stressed. >> privacy
zuckerberg has been eyeing that large profitable chinese market for some time. >> . >> zuckerberg willl kind of things to connect, that's their big word, to compete, to win. as you just saw there, it will huddle with the kremlin, it will innovate sensorship for chinese authoritarianism. keep that approach in line, when you hear mark zuckerberg claim that it actually has some universal values that will protect your information on the site. >> just to be clear, you're not going...
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Mar 28, 2018
03/18
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zuckerberg to testify. there's still a lot of questions. one thing becoming clear, it's getting more difficult for zuckerberg to avoid appearing before lawmakers himself last week he did say he would do so if he was the right person. many government officials are saying he is, in fact, the right person, not one of his deputies or another representative. a bipartisan group of 37 states attorneys generals are asking for explanations on the data practices. a letter says facebook needs to answer our questions so we can know if the company is upholding its end of the bargain with customers. >> damian collins the head of a parliamentary inquiry into fake news says zuckerberg's decision to not appear before mps was astonishing. he said it was urgent for the facebook found tore testimoer tn person we will be hearing from damian collins himself at 10:30 cet stay tuned for that. just a quick note, employ boy talking about inappropriate behavior around facebook, and the lads magazine says the miss management use of data has solidified its decision to
zuckerberg to testify. there's still a lot of questions. one thing becoming clear, it's getting more difficult for zuckerberg to avoid appearing before lawmakers himself last week he did say he would do so if he was the right person. many government officials are saying he is, in fact, the right person, not one of his deputies or another representative. a bipartisan group of 37 states attorneys generals are asking for explanations on the data practices. a letter says facebook needs to answer...
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Mar 22, 2018
03/18
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mark zuckerberg finally broke his silence yesterday. you can see what he had to say ins rt it was drawn by peter brooks. it looks like facebook is using rare editorial judgment. butooks really concerned, not with the news itself but the impact it has had on facebook, causing the stock to drop a 10% over the past couple of days. not a lot of sympathy for mark zuckerberg in the press. a columnist with the guardian writes that the scanda one of facebook's on making. saying that facebook has worked tirelessly to gather as much data from users as they can and profit from it. acoouss less willing to share information about themselves. >> the #deletefacebook has been gaining steam, as we have seen it do at other times when facebook has come under fire for things like spreading fake news. as much as you might hate facebook, getting rid of it is hard. facebook istting like trying to leave a store that is giving away candy. they say they are clever and when you try to delete the app they will pop up pictures of your friends and say they will miss
mark zuckerberg finally broke his silence yesterday. you can see what he had to say ins rt it was drawn by peter brooks. it looks like facebook is using rare editorial judgment. butooks really concerned, not with the news itself but the impact it has had on facebook, causing the stock to drop a 10% over the past couple of days. not a lot of sympathy for mark zuckerberg in the press. a columnist with the guardian writes that the scanda one of facebook's on making. saying that facebook has worked...
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Mar 22, 2018
03/18
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zuckerberg has a lot of explaining to do.ct, he's doing it right now, but some say that his statement today and his interview now is long overdue. after being missing for days while the cambridge analytica scandal unraveled, facebook founder mark zuckerberg broke his silence saying he was spending time investigating what happened. in a statement posted to his own facebook page zuckerberg said, "we have a responsibility to protect your data and if we can't, then we don't deserve to serve you. i've been working to understand exactly what happened and how to make sure this doesn't happen again." >> a lot of people are asking themselves why now? >> reporter: antonio garcia martinez with wired magazine used to be an administering for facebook. he says the tools are apps that allowed cambridge analytica to harvest the data of 50 million facebook users to target political ads for tramp have been around for years. >> obama campaign operatives basically admitted to doing the exact same thing in 2012. you know, why now? i think one of
zuckerberg has a lot of explaining to do.ct, he's doing it right now, but some say that his statement today and his interview now is long overdue. after being missing for days while the cambridge analytica scandal unraveled, facebook founder mark zuckerberg broke his silence saying he was spending time investigating what happened. in a statement posted to his own facebook page zuckerberg said, "we have a responsibility to protect your data and if we can't, then we don't deserve to serve...
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Mar 24, 2018
03/18
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coming up, zuckerberg breaks his silence and is called to testify in d.c.he fallout over the revelation that cambridge analytica got access to data of millions of facebook users. plus, uber halts its autonomous car tests after a pedestrian in arizona is killed. where uber goes from here. and tencent revenue jumps, but the company celebrates the good news with a warning. we will look at the latest earnings report out of asia's most valuable company. first to our lead, and what a week it was for facebook. the fallout continues from the site's exploitation of data from millions of its users by political consulting firm cambridge analytica, which has links to president donald trump. the stock got hammered this week and led to a larger slump in tech. facebook ceo mark zuckerberg broke his silence on the crisis after staying silent for a few days with a mea culpa on cnn wednesday. mark: this was a major breach of trust, and i am really sorry that this happened. and we have a basic responsibility to protect people's data. and if we can not do that, then we do not
coming up, zuckerberg breaks his silence and is called to testify in d.c.he fallout over the revelation that cambridge analytica got access to data of millions of facebook users. plus, uber halts its autonomous car tests after a pedestrian in arizona is killed. where uber goes from here. and tencent revenue jumps, but the company celebrates the good news with a warning. we will look at the latest earnings report out of asia's most valuable company. first to our lead, and what a week it was for...
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Mar 31, 2018
03/18
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zuckerberg as well. we will see if he is available to get evidence or not. if he is available, we would be
zuckerberg as well. we will see if he is available to get evidence or not. if he is available, we would be
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Mar 22, 2018
03/18
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zuckerberg speaks. welcome to squawk on the street live from the new york stock exchange carl and david are off today let's take a look at futures they have he taken a turn for the worse. dow jones would open lower by 259 and the nasdaq remains under big time pressure, opening lower by nearly 92 points. technology has been such a story. so many names have rolled over of late and it is the big key to watch this morning we're watching the european markets as well. take a look overseas how things look and there is a red across the word almost everything is down at least 1.5% in some cases not quite that much but you get the picture there from germany, france, spain. take a look at the ten year note yield as well. it is in focus given the fed meeting, the decision on interest rates yesterday and there is the ten year note yield. 2.83 this morning. we're keeping a close eye on oil, brent crude at the bottom there just shy of 70 bhuks our roadmap starts with what else mark zuckerberg, breaking his silence abo
zuckerberg speaks. welcome to squawk on the street live from the new york stock exchange carl and david are off today let's take a look at futures they have he taken a turn for the worse. dow jones would open lower by 259 and the nasdaq remains under big time pressure, opening lower by nearly 92 points. technology has been such a story. so many names have rolled over of late and it is the big key to watch this morning we're watching the european markets as well. take a look overseas how things...
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Mar 21, 2018
03/18
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we've yet to hear from ceo founder mark zuckerberg. isaac is a tech correspondent.d morning mike, i am curious about what you think happens next as far as what mark zuckerberg has to say and get to the core of what the scandal really is here facebook's rules, their api rules allowed for this type of data to be collected back when this happened, but this researcher collected ostensibly for noncommercial purposes was anybody collecting this for commercial purposes back then? >> yes, this is the sort of problem that facebook finds itself in right now. so i have been talking to a lot of programmers and developers in the valley in the past week since this dropped and, you know, a lot of the practices that this researcher was doing totally abided by facebook's api platform rules for app developers who want to access user data, pre2015 i think a lot of companies that had apps that used facebook platform back then are nervously shifting around and looking at each other, saying when are they going to tell everyone this was widely common practice >> it wasn't all research, so
we've yet to hear from ceo founder mark zuckerberg. isaac is a tech correspondent.d morning mike, i am curious about what you think happens next as far as what mark zuckerberg has to say and get to the core of what the scandal really is here facebook's rules, their api rules allowed for this type of data to be collected back when this happened, but this researcher collected ostensibly for noncommercial purposes was anybody collecting this for commercial purposes back then? >> yes, this is...
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Mar 21, 2018
03/18
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BLOOMBERG
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sheryl zuckerberg and sandberg responded to the data privacy breach. sandberg posting a blog saying an action atgrets mark zuckerberg indicating that facebook will review its platform and investigate all apps and take action. we will see how this shakes out. julie: other interesting thing about mark's posting is that it betweenach of trust facebook and cambridge analytica and he is saying they did something they were not supposed to do. even at this moment as everyone wanted a response from him he is still shifting the responsibility. he is saying they are making changes, but shifting the responsibility. joe: trying to walk a fine line saying we know that users feel their trust has been breached but there is also a saying that with the policies we had in place had been abided -- scarlet: a little defensive sounding. plungingeneral mills after shipping costs and other expenses sweet margins. squeezed margins. deutsche bank shares are off after less than a week after a bullish tone and the ceo of the bullish bank said that game against the dollar will re
sheryl zuckerberg and sandberg responded to the data privacy breach. sandberg posting a blog saying an action atgrets mark zuckerberg indicating that facebook will review its platform and investigate all apps and take action. we will see how this shakes out. julie: other interesting thing about mark's posting is that it betweenach of trust facebook and cambridge analytica and he is saying they did something they were not supposed to do. even at this moment as everyone wanted a response from him...
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Mar 21, 2018
03/18
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BLOOMBERG
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caroline: we heard your voice calling for mark zuckerberg.s looking into whether facebook potentially has broken the consent decree. do you think regulators will get involved in the united kingdom as well? a very yes, this is interesting issue. in european law, there are restrictions based on people's political views and opinions. with that legislation didn't necessarily consider was the fact that people may harvest huge amounts of consumer data, data that people consented to give as part of surveys on their opinions or consumer habits. but they never consented for that data to be used in a political campaign or held by a company that is not a registered political party. this is a big area of concern and something the u.k. information commission is looking at. caroline: do think any changes will could -- will be put in place internally by facebook? what changes would you like to see put in place to put your mind to rest? damian: our concern is the way they manage and handle data. to understand how easy it is for developers and others to acqui
caroline: we heard your voice calling for mark zuckerberg.s looking into whether facebook potentially has broken the consent decree. do you think regulators will get involved in the united kingdom as well? a very yes, this is interesting issue. in european law, there are restrictions based on people's political views and opinions. with that legislation didn't necessarily consider was the fact that people may harvest huge amounts of consumer data, data that people consented to give as part of...
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really made mistakes that's what facebook boss mark zuckerberg has said in response to the d.c. scandal involving his company and the data mining cambridge analytic up in a statement on his facebook profile apologized and promised uses a new feature to turn off third party apps apps which cambridge analytical allegedly used to harvest private information. it began with an innocent personality quiz and ended up with the dates of fifty million facebook profiles being used to sway elections. now the question is why did face the academic research to end up in the hands of political consultants paid to win the night fetch us election the scientist behind the quiz says he's a scapegoat did you know what they were going to do with it did you know what their interest was no i mean. i was pretty heavily siloed of anything as far as funds are requirements i found out about donald trump just like everybody else or to give people more options than just like facebook founder mark zuckerberg broke days of silence on the scandal admitting the company had to make mistakes. i started facebook an
really made mistakes that's what facebook boss mark zuckerberg has said in response to the d.c. scandal involving his company and the data mining cambridge analytic up in a statement on his facebook profile apologized and promised uses a new feature to turn off third party apps apps which cambridge analytical allegedly used to harvest private information. it began with an innocent personality quiz and ended up with the dates of fifty million facebook profiles being used to sway elections. now...
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Mar 21, 2018
03/18
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BLOOMBERG
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interesting to see what mark zuckerberg says when he speaks. look at general mills, among other stocks, they are plunging after they cut the full year of profit forecast among rising cost. campbell soup is down in sympathy. the airlines, american airlines and southwest are lower. the storms in the northeast grounding more than 4000 flights according to sources. a bright spot is oil and energy movers, oil is up about 2% after a bullish department of energy report, giving a tailwind of big energy. mark: 90 minutes away from the end of the wednesday session. investors are waiting the outcome of the fomc meeting. stocks down for the second day in three. rising at their fastest pace since the end of 2016. signaling the year-long squeeze on living standards coming to an end in the u.k. basic wage growth accelerating to 2.6% in the three months through january at the employment rate return to a record high with jobless rates falling to 4.2% to match the lowest level since 1975. good news for households whose spending power has been eroded since brexit
interesting to see what mark zuckerberg says when he speaks. look at general mills, among other stocks, they are plunging after they cut the full year of profit forecast among rising cost. campbell soup is down in sympathy. the airlines, american airlines and southwest are lower. the storms in the northeast grounding more than 4000 flights according to sources. a bright spot is oil and energy movers, oil is up about 2% after a bullish department of energy report, giving a tailwind of big...
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Mar 22, 2018
03/18
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MSNBCW
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zuckerberg himself is worth an estimated $66 billion. that is after this week's stock trouble, which erased $9 billion from his personal fortune. how on earth can the person worth $66 billion because of facebook not be the person called to speak before congress? the foundation of the company and its founder's fortunes add revenue. facebook brought in $40 billion in advertising alone in 2017. more than 98% of the company's total revenue. that is up more than nine times what it was just five years ago. so you and me, we're not the customers. mark zuckerberg, he doesn't need to please us. we're his product. we're his product that he sells to his real customers, the advertisers. after the stock took a beating early this week, it is already up. not near where it was, but it is showing signs of recovery. before the company has even taken a single concrete step. if you were thinking of trying to take your tiny slice of the company's profits away by del e deleting your facebook account, look at this. say you post a picture, have a company on wha
zuckerberg himself is worth an estimated $66 billion. that is after this week's stock trouble, which erased $9 billion from his personal fortune. how on earth can the person worth $66 billion because of facebook not be the person called to speak before congress? the foundation of the company and its founder's fortunes add revenue. facebook brought in $40 billion in advertising alone in 2017. more than 98% of the company's total revenue. that is up more than nine times what it was just five...
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Mar 22, 2018
03/18
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CNBC
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analyst reaction so far to the comments by zuckerberg have been mixed.aniel eaves says this is a step in the right direction an analyst in london says this could hit users. we've seen over the past few quarters that daily average users have not been growing. so still a rocky time for the company. the true impact will be seen in the next few quarters for facebook >> also mark had said in that interview that he had not seen a big delesion of facebook accounts there there has been demand, this is something analysts were concerned about, about how much penalty they could face over this scandal and what the fall oout would be there's been requests for him to show up in the uk and answer those questions. did he have anything to say about whether he's willing to sit in front of lawmakers and hash this out? >> he said that if congress called him, he would be open to going to testify in front of the lawmakers there. that depends on if he's the right person to talk about that. there's lots of questions about what potential impact regulation would have on facebook
analyst reaction so far to the comments by zuckerberg have been mixed.aniel eaves says this is a step in the right direction an analyst in london says this could hit users. we've seen over the past few quarters that daily average users have not been growing. so still a rocky time for the company. the true impact will be seen in the next few quarters for facebook >> also mark had said in that interview that he had not seen a big delesion of facebook accounts there there has been demand,...
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news live from berlin facebook's boss breaks his silence admitting that they made mistakes mark zuckerberg says he's sorry about his company's handling of the cambridge analytical privacy scandal but is it enough to prevent an exit from facebook also coming up jubilation as dozens of kidnapped nigerian schoolgirls return home from both koran captivity but the extremists warn their parents don't try educating your daughters again or will be back and jailed for life a migrant is found guilty of raping and murdering a student in the german town of freiburg the case has fueled far right outrage in germany over migration. i'm sumi so much found the good to have you with us we made mistakes that's what facebook boss mark zuckerberg has said in response to the data scandal involving his company and data mining firm cambridge analytical in a statement on his facebook profiles apologizing promised users a new feature to turn off third party apps apps which cambridge and loco allegedly used to harvest private information. it began with an endless and passion allergy quiz and ended up with the data o
news live from berlin facebook's boss breaks his silence admitting that they made mistakes mark zuckerberg says he's sorry about his company's handling of the cambridge analytical privacy scandal but is it enough to prevent an exit from facebook also coming up jubilation as dozens of kidnapped nigerian schoolgirls return home from both koran captivity but the extremists warn their parents don't try educating your daughters again or will be back and jailed for life a migrant is found guilty of...
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Mar 24, 2018
03/18
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coming up, zuckerberg is set to in london. its contestslts after a pedestrian is killed.here bloomberg goes from here. tencent revenue jumps, but the company celebrates the good news with a warning. we look at the latest earnings of the company. first to our lead, and what a week it was for facebook to the fallout continues from the exploitation of data from millions of its users to linksdge analytical has to president donald trump. ceo mark zuckerberg broke his silence on the crisis after a few days with a mea culpa on cnn wednesday. ofk: this is a major group -- breach of trust, and we have a responsibility to protect people's data. if we do not do that, we do not have the opportunity to serve people. zuckerberg has yet to say whether cambridge analytica still has the information obtained and commits to a broader probe from developers that may have run afoul of facebook's use. on sunday, zuckerberg was called to appear before a house he gave the right message to the right people. emily chang spoke to facebook's former head of global business and the author of "becoming
coming up, zuckerberg is set to in london. its contestslts after a pedestrian is killed.here bloomberg goes from here. tencent revenue jumps, but the company celebrates the good news with a warning. we look at the latest earnings of the company. first to our lead, and what a week it was for facebook to the fallout continues from the exploitation of data from millions of its users to linksdge analytical has to president donald trump. ceo mark zuckerberg broke his silence on the crisis after a...
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Mar 22, 2018
03/18
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zuckerberg was called to appear before a house panel.the formerer head of global business marketing at facebook and the author of "becoming facebook." he joins us now from san francisco. i think we can safely say this is the 11th challenge that will certainly define the company, mike. just how damaging -- let's not talk about the business yet, but let's talk about the company as a whole. how damaging is this to user trust? mike: of course, it's not the first giant challenge they have had. we will look back even to the dawn of newsfeed itself or the 2007 release of he can -- of beacon for the 2009 adjustment to the privacy controls. we have a unique situation because of the scale that thei y're operating at. we saw mark say exactly the right thing, that this is about trust. when you get into a situation like us as a leader, you -- like this as a leader, you have to remember it is about trust and heart and communicating that way, as opposed to communicating brain. we've seen leaders struggle with rationalizing their way through the crisis,
zuckerberg was called to appear before a house panel.the formerer head of global business marketing at facebook and the author of "becoming facebook." he joins us now from san francisco. i think we can safely say this is the 11th challenge that will certainly define the company, mike. just how damaging -- let's not talk about the business yet, but let's talk about the company as a whole. how damaging is this to user trust? mike: of course, it's not the first giant challenge they have...
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Mar 22, 2018
03/18
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BBCNEWS
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a high profile interview from markers back of bourke. —— —— mark zuckerberg.been criticised very heavily over the last few days for remaining very silent, first we have the statement, now we have the interview in which he was questioned for a substantial period of time about exactly what the company is doing to try to address some of these issues. in an interview with cnn, he talked a lot about going back and looking at the problems there had been and he said he would contact the facebook users who have their data breached and that will be a substantial amount of work, it means going through thousands of apps, and fundamentally there's the question of can they even be sure of questions about whether they had information breached, he said they will look at whether potentially anybody have had their information breached. he said specifically it may well be the case there could be others out there planning what he described as a version two of russian interference in the elections. he said of 2016, "we weren't on top of potential russian interference and fake new
a high profile interview from markers back of bourke. —— —— mark zuckerberg.been criticised very heavily over the last few days for remaining very silent, first we have the statement, now we have the interview in which he was questioned for a substantial period of time about exactly what the company is doing to try to address some of these issues. in an interview with cnn, he talked a lot about going back and looking at the problems there had been and he said he would contact the...
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Mar 22, 2018
03/18
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FBC
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what does zuckerberg need to do to gain the public's trust? we will have the intel next. compensated. our philosophy is one of service, not sales... that's why i'm independent. charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com he gets the best deal on the perfect hotel by using. tripadvisor! that's because tripadvisor lets you start your trip on the right foot... by comparing prices from over 200 booking sites to find the right hotel for you at the lowest price. saving you up to 30%! you'll be bathing in savings! tripadvisor. check the latest reviews and lowest prices. >> this was a major breach of trust. i'm really sorry that this happened. we have a basic responsibility, to protect people's data. if we can't do that, we don't deserve to have the opportunity to serve people. lauren: that was facebook ceo mark zuckerberg, finally issuing an apology following the news data firm cambridge analytica may have improperly gained information from 50 million
what does zuckerberg need to do to gain the public's trust? we will have the intel next. compensated. our philosophy is one of service, not sales... that's why i'm independent. charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com he gets the best deal on the perfect hotel by using. tripadvisor! that's because tripadvisor lets you start your trip on the right foot... by comparing prices from over 200...
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Mar 22, 2018
03/18
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KPIX
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zuckerberg vowed to help users protect their information. in the next month we will show everyone a tool at the top of your news feed with the apps you've used and an easy way to revoke the apps' permission to use your data. it's been more than a day since news broke that cambridge analytica passed on user data to the trump campaign. the reaction has been swift. facebook has been named in a proposed class anxious lawsuit accusing it of negligence. it's lost nearly $50 billion in market value and a movement to encourage users to delete their accounts called #deletefacebook has gotten lots of attention. >> if i wanted to delete or deactivate my account, what can i do? >> you can go over here and delete your account, which is a full wipeout. >> reporter: dan ackerman is a senior editor at cnet. he says it's not so simple. >> it takes time to do that. you're permanently deleting all of your information, and you won't be able to recover it. >> reporter: 68% americans are on facebook and half check their pages several time as day. >> for those who
zuckerberg vowed to help users protect their information. in the next month we will show everyone a tool at the top of your news feed with the apps you've used and an easy way to revoke the apps' permission to use your data. it's been more than a day since news broke that cambridge analytica passed on user data to the trump campaign. the reaction has been swift. facebook has been named in a proposed class anxious lawsuit accusing it of negligence. it's lost nearly $50 billion in market value...
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Mar 28, 2018
03/18
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so zuckerberg has come to terms with that.front of congress there are going to be so many questions facebook can't just answer. a lot of questions in particular about where this data has gone that was shared with third party developers before 2014. facebook doesn't really know -- they are going to do audits, but they do not have currently the answers to, where are these 50 million user profiles? when did cambridge analytica delete them? they relied on cambridge analytica and the reporting from the new york times and observer last week we didn't realize that , was not the case. emily: what was the reaction in the u.k.? he said, i will send my deputies instead. sarah: -- caroline: anger, he came back fighting. the head of the committee of digital culture is investigating how fake news might have played a role in the brexit vote in the u.k. damien collins who heads up a that committee has come strongly to the news that it will be the cto or chief product officer that will, instead. he said it is absolutely astonishing that mark z
so zuckerberg has come to terms with that.front of congress there are going to be so many questions facebook can't just answer. a lot of questions in particular about where this data has gone that was shared with third party developers before 2014. facebook doesn't really know -- they are going to do audits, but they do not have currently the answers to, where are these 50 million user profiles? when did cambridge analytica delete them? they relied on cambridge analytica and the reporting from...
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Mar 28, 2018
03/18
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the brits are very unhappy with mark zuckerberg. idhow much longer can he a answering these questions? what can he expect from congress if he does testify in front of them? 't think he can avoid i -- answering these questions much longer. want ain a will there, phase about scheduling a congressional hearing, but i think public appearing -- public opinion, if nothing else, will eventually push him there. halawmaker been trying to get zuckerberg in front of cameras for years. his head on a platter is what they want. more and more issues are wrappeh up i. i don't think they are going to pull any punches, and he is going to have to be ready.me he is not e who has a lot of experience with the press. he has a tightly controlled media space. if he doesn't get this right, facebook is looking for a scapegoat, and he will be at the top of the list. jane: facebook has made no secret of the fact that they gather user data as part of the business model. why are they facing so much pressure at this point? question,ndeat it's not just facebook. th
the brits are very unhappy with mark zuckerberg. idhow much longer can he a answering these questions? what can he expect from congress if he does testify in front of them? 't think he can avoid i -- answering these questions much longer. want ain a will there, phase about scheduling a congressional hearing, but i think public appearing -- public opinion, if nothing else, will eventually push him there. halawmaker been trying to get zuckerberg in front of cameras for years. his head on a...
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mark zuckerberg finally talking germany's government wants him in berlin testify. i'm demanding an explanation of why this could have happened with a chairman users in accounts very fact it and what facebook intends to to stop anything like this from happening again. we begin the day with the end of the abuse of the american economy that is how u.s. president donald trump today described that moment at the white house when he announced fifty billion dollars in trade tariffs on chinese goods trump said more terrorists could come within two weeks moves which he says are intended to defend the u.s. economy against economic aggression tonight the target is china but trump also put the european union and the nafta free trade agreement on notice saying he's willing to negotiate better deals comprised of trade reciprocity and while europe can breathe a sigh of relief for now beijing is expected to retaliate soon with its own tariffs and that has equity markets and governments around the world nervous worried that a global trade war may have just begun but we have one part
mark zuckerberg finally talking germany's government wants him in berlin testify. i'm demanding an explanation of why this could have happened with a chairman users in accounts very fact it and what facebook intends to to stop anything like this from happening again. we begin the day with the end of the abuse of the american economy that is how u.s. president donald trump today described that moment at the white house when he announced fifty billion dollars in trade tariffs on chinese goods...
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Mar 28, 2018
03/18
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FBC
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i'm tucker carlson last night, the mentor to mark zuckerberg. said. >> that's a problem with the model. they are treating us like humans. they are treating us like to feel to generate profits and that has to stop. silicon valley needs to reassess why it's in business and recognize they can be incredibly good. they can still be billionaires without stripping privacy from everybody and selling it to the highest bidder. trade two b. kaz, paul, it is a business at the end of the day. >> one thing we are letting escape us at this point is that there is a business model being placed at the decades we can use here in silicon valley and that is to monitor shares. we can make these companies pay and regulated by the government. cheryl: i don't know, luke, the money may change. look at what is happening to facebook stock over the last several trading sessions. the tech heavy nasdaq taking a hit on the back of facebook. >> yeah, it is. if facebook loses, who wins? who's the natural placement to pick up the advertising decisions that may argue there's not a
i'm tucker carlson last night, the mentor to mark zuckerberg. said. >> that's a problem with the model. they are treating us like humans. they are treating us like to feel to generate profits and that has to stop. silicon valley needs to reassess why it's in business and recognize they can be incredibly good. they can still be billionaires without stripping privacy from everybody and selling it to the highest bidder. trade two b. kaz, paul, it is a business at the end of the day. >>...
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Mar 25, 2018
03/18
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FOXNEWSW
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it's mark zuckerberg's responsibility.the interview we had it sounded like he's final realized he might not have a choice. howie: when you were sitting down with him, did you have the impression this was once again as with the russian meddling a situation where after the fact, after the damage has been done, he does a facebook post or does a couple interviews and says he's going to fix it but offers only vague promises about that. >> it was very reminiscent. for people who don't know mark, it's hard to feel i am i think off of him -- to feel any sympathy for him. there are not a lot of people who feel bad for mark zuckerberg today. but as someone who has talked to him multiple times in the past. he comes out and he wants to fix things. a lot of this started because as he said himself he was too idealistic. he thought facebook would be a place where everybody would play nice and play by the rules. i think he feels legitimately bad about what happened. but there are not a lot of people who feel bad for him because facebook d
it's mark zuckerberg's responsibility.the interview we had it sounded like he's final realized he might not have a choice. howie: when you were sitting down with him, did you have the impression this was once again as with the russian meddling a situation where after the fact, after the damage has been done, he does a facebook post or does a couple interviews and says he's going to fix it but offers only vague promises about that. >> it was very reminiscent. for people who don't know...
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Mar 24, 2018
03/18
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FBC
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zuckerberg here tonight. lawmakers of both parties in the house and senate are no longer asking mark zuckerberg to testify. they are ordering him to come to capitol hill and explain his lack of leadership, integrity, and the disastrous hole is that led to the mess that is now facebook rsh. we take all of that up here tonight. our top story. president trump says the never-ending cycle of budget brinkmanship in the swamp ends today. the president signed the $1.3 trial spending bill to keep the country running the next six months, but not before blasting them for spending on pet projects. and endangers the u.s. military. president trump: there are a lot of things i'm unhappy about in this bill. there are a lot of things we shouldn't have had in this bill, but we were in a sense forced if we want to build our military, we were forced to have. there are some things we should have in the bill. but i say to congress, i will never sign another bill like this again. nobody read it, it's only hours old. some people don
zuckerberg here tonight. lawmakers of both parties in the house and senate are no longer asking mark zuckerberg to testify. they are ordering him to come to capitol hill and explain his lack of leadership, integrity, and the disastrous hole is that led to the mess that is now facebook rsh. we take all of that up here tonight. our top story. president trump says the never-ending cycle of budget brinkmanship in the swamp ends today. the president signed the $1.3 trial spending bill to keep the...
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Mar 22, 2018
03/18
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KNTV
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but zuckerberg has closely guarded his private life.d pediatrician, voted class genius in her high school, also avoids the spotlight. opening up to savannah back in 2014 about her husband's iconic look. >> what do you think about the hoodie? are you pro hoodie? >> it's okay. i'm pro hoodie. he wears a fresh hoodie every day. as long as it's appropriate for where we're going. >> the couple now has two daughters. zuckerberg sharing family moments on facebook like millions of other parents. >> play some songs that our whole family likes. ♪ the itsy bitsy spider climbs up the waterspout ♪ >> as well as glimpse into what make him tick. philanthropy, running and traveling. >> south bend is my first stop. >> including a tour of all 50 states, leading to speculation about presidential ambitions. but what truly motivates the man who's the face of facebook? he was very clear about that in an interview on tuesday. >> now i really just care about building something that my girls are going to grow up and be proud of me for. >> reaction to zuckerberg
but zuckerberg has closely guarded his private life.d pediatrician, voted class genius in her high school, also avoids the spotlight. opening up to savannah back in 2014 about her husband's iconic look. >> what do you think about the hoodie? are you pro hoodie? >> it's okay. i'm pro hoodie. he wears a fresh hoodie every day. as long as it's appropriate for where we're going. >> the couple now has two daughters. zuckerberg sharing family moments on facebook like millions of...
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Mar 21, 2018
03/18
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CNBC
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zuckerberg has tight control over this company. is dissatisfied with him it becomes part of narrative but it's frankly up to him what happens with this company. >> going back to the uk lawmaker, collins, he mentioned the information commission this is a relatively new role, a new regulator in the uk. he said we are going to increase the powers of the information commissioner so they can go behind the companies' fire walls to assess the types of algorithms they are using and the type of data they have >> i'm sure the companies will love that. sure, have a look at our algorithms >> a bank ceo i guess if you ask have access to all of this data that we have it doesn't apply here but we will see if it soon does. >> google's search information was used to help track down a bomber the information, the power in it, both for good and ill. facebook's shares were lower after hours at last check. that does it for "closing bell." "fast money" begins right now. >> "fast money" starts right now live from the nasdaq market site overlooking new yor
zuckerberg has tight control over this company. is dissatisfied with him it becomes part of narrative but it's frankly up to him what happens with this company. >> going back to the uk lawmaker, collins, he mentioned the information commission this is a relatively new role, a new regulator in the uk. he said we are going to increase the powers of the information commissioner so they can go behind the companies' fire walls to assess the types of algorithms they are using and the type of...
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of cambridge analytic that was suspended this week mr zuckerberg. you know he's been silent yesterday he began talking but he hasn't even agreed to go and speak before a u.s. congressional committee i mean shouldn't he have to also be held accountable for what has happened to the data in the profiles on his platform. so i today talk to people look at facebook and it is really unclear whether he actually really knew what was going on that is not an excuse but as i said you know that company might it grew and fuss that may really hit their four times as many people on facebook then you still feel that is a huge number which is you know ricin want to show this and that might more be more that he is able to. we know that through conversations that mr zuckerberg has had with people in the past he does have a history of being careless perhaps even reckless when it comes to his attitude towards the treatment of private data i mean do you do you trust him to protect private data as he has repeatedly promised to do the honest answer is apps not to be i don't
of cambridge analytic that was suspended this week mr zuckerberg. you know he's been silent yesterday he began talking but he hasn't even agreed to go and speak before a u.s. congressional committee i mean shouldn't he have to also be held accountable for what has happened to the data in the profiles on his platform. so i today talk to people look at facebook and it is really unclear whether he actually really knew what was going on that is not an excuse but as i said you know that company...