not just about mark zuckerberg.hat this order requires beyond the fine is attention to privacy at every level of the company. engineers who are working on projects are going to have to think about the privacy impact of what they do and if they choose not to protect privacy, they will have to explain why. this goes all the way to the board of directors. the board is going to have a new committee which will have ultimate authority to oversee privacy. emily: why not find zuckerberg directly or do more to limit his personal authority? ish: as i said, this case not just about mark zuckerberg. this case is about facebook in general. mark zuckerberg is a very important person at that company, but he is by no means the only one. we want people up and down the line to be focused on privacy. emily: there are a lot of critics who say a $5 billion fine is not enough and that the structural changes required here are also not enough. voted your colleagues who against the settlement decide it imposes no meaningful changes to the c

a zuckerberg is not as evil as osama bin laden, because the harm that zuckerberg will do is an unintendedduct of his effort to make hundreds of billions of dollars more. but the fact is, in creating a tool for drug dealers, that is going to result in debts on the streets of america every day. by creating a tool for tax evaders, that is going to mean that the federal government can't fund cancer research or can't fund the defense of the united states to the degree that we would like to. and by providing a method for sanctions evaders who are going to make it much more difficult for the federal government to prevent iran and north korea from developing nuclear weapons. zuckerberg doesn't intend any of those objectives. he is just intentionally disinterested in whether that occurs. the fact is that the power of the dollar, our ability to control our banking system, is a key to the economy of the united states, which saves at least $100 billion per year in borrowing costs, because with a -- we are the reserve currency of the world. it is key to our sanctions program, which is most effective w

not just about mark zuckerberg. order requires beyond the $5 billion fine is attention to privacy at every level of the company. engineers who are working on projects are going to have to think about the privacy impact of what they do and if they choose not to protect privacy, they will have to explain why. this goes all the way to the board of directors. the board is going to have a new privacy committee which will have ultimate authority to oversee privacy. emily: why not fine zuckerberg directly or do more to limit his personal authority? noah: as i said, this case is not just about mark zuckerberg. this case is about facebook in general. mark zuckerberg is a very important person at that company, but he is by no means the only one. we want people up and down the line to be focused on privacy. emily: there are a lot of critics who say a $5 billion fine is not enough and that the structural changes required here are also not enough. one of your colleagues who voted against the settlement decide it imposes no meani

we talked about it before, how do people feel about sheryl sandberg and art zuckerberg -- mark zuckerbergthe second part of this story, they were doing research, the same type of stuff you might see a political campaign do with it politician and find out where does this candidate, or in this case mark zuckerberg or sheryl sandberg, what are their strengths? the idea is if you understand where mark can go out and land a message home and where he can go out and people might say we don't trust mark, that could be helpful as you are trying to navigate this regulation they are going through or other big problems. we saw them outline some of the research they had done. it is fascinating to see that were do you -- they v comparing them to popular celebrities. the pope was on the grid. it gives a sense of how big facebook is and how big the personalities of their leaders are. emily: isn't it fair for companies to be able to do market research on themselves and to manage their own reputation? alistair: we asked quite a few people about htat and it is -- that and it is common for people to do that.

we need zuckerberg here. we need to tell him that he probably has the power to push this through. he will throw around millions of dollars in washington and his supporters will get huge zuck bucks in u.s. dollars. 100 lawyers will tell him that what he is doing is legal. someone with an understanding of the politics of this country needs to explain to mr. zuckerberg that of cryptocurrency is used to finance the next attack against americans, 100 lawyers standing in a row charging $2000 an hour are not going to protect his rear end from the wrath of the american people. this is an attempt to transfer enormous power from america to facebook and a number of its allies. we need zuckerberg here. kentuckyntleman from is recognized for five minutes. >> thank you, madam chairman -- madam chairwoman. given the commentary we have heard in this committee and some of the very pointed questions directed your way, i think we decisionvering why a has been made to locate in switzerland as opposed the united states. having sa

zuckerberg to -- >> my answer is preet barea. former u.s.ttorney. >> your answer to what >> put him on the board of facebook. >> put him on the board. >> oh. >> reconstitute did. >> eric holder. >> they're not talking about add negative directors >> nick saban on the board how about nick saban. >> new committee to oversee privacy matters by underwhich mr. zuckerberg will not have immediate power to -- >> he's the ceo. now the government is saying he's not the ceo >> and controlling shareholder. >> this is not the government i expected we have a guest at the end of the table. there he is. david abney. u.p.s. shares moving higher this morning. the company did report a beat on the top and bottom line. u.p.s. announced expanded delivery to seven days a week. its intent to operatie commercil drone flights. i wanted to start off with the 30% move up in u.p.s. next day air volume why that's happening and what that means in terms of how the industry is changing and how you're trying to change the company to meet that change. >> it is a structural sh

could there have been litigation against mark zuckerberg himself? the fine have been billions, perhaps tens of billions more. i don't know that we have any better indication of where this is all going, right, because it doesn't seem like this changes the fundamental business model for facebook of course big tech as a whole, what is the doj going to do which goes back to your question. >> absolutely. shares of google, amazon, facebook are going to pivot around that over time. joining us with some insight on what this all means for facebook and the sector, is the former u.s. assistant attorney general in charge of antitrust and fobil bear thanks for your time i appreciate it. >> good morning, big news day. >> it's huge i'm wondering where you think the locust is of regulatory -- right now, lets just start with facebook. >> well, facebook, you know, it has resolved its ftc consumer protection privacy issues, but it's obviously in the cross hairs as a successful technology platform, and which may well have engaged in anticompetitive behavior that remain

zuckerberg here. kevin: you agree with that? >> absolutely.: so you are calling on mark zuckerberg to talk about calibra and libra? >> that is one of the things we have to do. this was born out of facebook. if he is big enough to create an idea that is global in nature, you should be big enough to talk to us about it. kevin: i put this question to the chairman crapo. i said, would you use libra? he said he does not even use facebook. send question to you, madam chairwoman, would you use facebook libra? that the faiths i have in the american dollar, i love the american dollar. i am concerned about libra competing with our dollar, so i am not concerned at all about whether or not i'm going to use libra as of today. no. i don't know what it is, how it works, so i'm satisfied with the american dollar, and i am very concerned about any currency that will compete with it in the way they talk about cryptocurrency doing. emily: that was bloombergs kevin cirilli with chair maxine waters of california. meantime in europe, france and the u.k. are looking

the ftc, there are members of the group that really want to hold mark zuckerberg plus feet to the firethat has been a bit of a point of contention route a lot of these conversations to date. >> by far the biggest fine from the ftc to date. you have to go back to 2012 when they find google $22.5 million. my inbox filling up with opposition group saying this isn't enough, for facebook this is a slap on the wrist. it's a drop in the bucket. what is the general take on the action that the ftc had actually taken here? >> just like you said, privacy groups have already come out and said a significant fine is an important tool for the ftc to use in this case. what's more appropriate is that agency take -- make structural changes. they are saying this is appropriate, but it's not enough. we would like to see a real meaningful action and penalties imposed on facebook. in terms of the way it handles privacy users. >> we are going to be waiting for more details. i know you will be trying to get them for us, whether or not there are any structural penalties facebook faces. naomi, please stay with

what would your message be to mark zuckerberg, the ceo of facebook? >> my message would be blockchain offers an awful lot of possibilities, but you have a burden of proof, facebook, to make sure, one, that we get it right in creating this new network, two, that it is safe. i thought mr. marcus's comment that for every crypto dollar, there would be a real dollar or another currency on a 1:1 basis backing it up, that's basically absurd when there is no such requirement in the banking system. it seemed to me, as well, where you have had facebook not be a good steward of so much personal data already, the idea that they would create this new network and not build in implicit and explicit preferences for their own product strains credibility. i was glad to hear him say that were a third party wallet came around, and people do not want to use the so-called "calibra" facebook product but a third party, they would be willing to transfer the keys, transfer the data, do the technical transfers to that third party, that was a good sign. my hope would be that fac

zuckerberg here. be here. >> you are calling on mark zuckerberg to come and talk about libra? rep. waters: that is one of the things we have to do. this is a big idea born out of facebook. if he is big enough to create an idea that is global in nature, then he should talk to us about it. >> when david marcus talk to us in the senate, i said, would you use libra? he said he does not even use facebook. so same question to you madam chairwoman, would you use facebook libra? rep. waters: all i know is the faith that i have in the american dollar. i love the american dollar, i am concerned about libra competing with our dollar. i am not concerned at all about whether or not i will use libra as of today. no. i don't know it is, i don't know how it works. i am satisfied with the american dollar, and i am very concerned about any currency that will compete with it in the way that they talk about cryptocurrency doing. emily: u.s. representative maxine waters of california. in europe, france and the u.k. are lo

we do not have the legal authority to remove mister zuckerberg from the driver's seat. >>but we have imposed a robust system of checks and balce that extinguishes his ability unilaterally to chart the path for consumer privacy in a statement zuckerberg said in part quote these changes go beyond anything required under us law today. the reason i support them is that i believe they will reduce the number of mistakes we make and help us deliver stronger privacy protections, but some lawmakers like senator mark warner say a billion fine doesn't go far enough i think facebook knows just an obligation. >>to tell us what kind of data they're collecting how much that date is work. >>the $5 billion goes straight to the us treasury, not consumers. but ftc investigators say new protections are worth more than money. >>this enforcement action provides immediate protections reporting in washington, i'm trevor shirley. >>but take a live look outside at san francisco's embarcadero which doesn really tell us about all the crazy he does that they're experiencing inland. i take one thing

zuckerberg here. >> and you agree with that.ling on mark zuckerberg to come and talk about libra? >> that's one of the things we have to do. this is an idea born out of facebook. if he is beginning to create an idea that is global in nature, he should be big enough to talk to us about it. >> when david marcus testified in the senate, i put this question to that committee -- i said would you use libra? he said he does not even use facebook. same question to you, would you ? e facebook's libra >> all i know is the faith i have in the american dollar. i am concerned about libra competing with the american dollar. as of today, no. i don't know what it is or how it works. i am satisfied with the american dollar, and i'm very concerned about any currency that will compete with it in the way they talk about cryptocurrency doing. emily: coming up, diamond dust may be more useful than you think. a start of using fragments of the precious gem to prevent tampering across the global supply chain. that's next. this is bloomberg. ♪ emily: the

plus can the latest order to create a new oversight and privacy committee save face for mark zuckerbergacebook investors? coming up, one shareholder on whether he'll stick by mark zuckerberg and the troubled social media giant. the nasdac right now up 61 an all-time record. prevagen is the number one pharmacist recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. content on their endless quest, to nowhere.s, run hopelessly in their cage. but perhaps this year, a more exhilarating endeavor awaits. defy the laws of human nature,at the summer of audi sales event. get exceptional offers now. (past them because she didn't sknow they were talking to her.g and she would just walk right (deborah) i just could not hear. i was hesitant to get the hearing aids because of my short hair, but nobody even sees them. (avo) our nearly invisible hearing aids are just one reason we've been the brand leader for over 70 years. (deborah) when i finally could hear for the first time, i started crying. i could hear everything. (avo

>> the doj says they will call anticompetitive practices of all tech companies, so what mark zuckerberg they created this landslide of regulatory strengths for data company, whether it's amazon, google, everybody should be worried about what facebook's track has created. >> the justice department with new investigation, facebook, amazon, google, anticompetitive practices and there may be anticompetitive practices. the ipo of the companies broke major laws and should be broken up when millions and millions of people willingly use their services free by the way, seems far-fetch to me. >> it's difficult to prove when consumers are happy, anticompetitive is when consumers are hard, it's hard to prove and that's why we left the tech giants grow so big. how do you see google monopoly when ad rates are the lowest of anyone out there, the big question here is, do you have so much data with these companies, like insider trading, you have access to information about what other companies you should acquire or other trends are really good for business but other people don't and that's what they wil

zuckerberg today. >> we're going change the way that we operate across the whole company. from the leadership down and the ground up we're going change accountable for it. >> reporter: facebook now thcoany with privacy components impose on it. >> the opportunity to be the first company to do this correctly i do hope they take it. >> reporter: critics say facebook got off easy buying blanket immunity for everything that's already happened and no new restrictions how it collects data on the future. lester. >> tom, thanks >>> now a major development in a story we first brought you last year about an emerging health risk for women. the fda asked a maker of textured breast implants to pull them off the market after more evidence they are linked to cancer here is vicki winn with what patients need to know. >> tonight cancer survivor is celebrating. >> i'm still almost speechless. >> she's had cancer twice. after a mastectomy she got textured implants. five years later they caused a cancer of the immune system. >> i don't want anybody else to go through what i've been through. >>

tot would your answer be mark zuckerberg, the ceo of facebook?enator warner: my answer would be that blockchain offers an awful lot of opportunities, but you have a burden of proof, facebook, to make sure, one, that we get it right in treating this new network, two that it is safe. mr. marcus's comment that for every crypto dollar, there would be another dollar or another currency on a 1:1 breaking it up, that's next to the absurd when there is no such requirement in the banking system. it seemed to me, as well, where you have had facebook not be a good steward of so much personal data already, the idea that they would create this new network and not billed in implicit and -- they would not billed in implicit and explicit things for their product is a strange -- they would not build in implicit and explicit things -- when he said a third party wallet came around, and people do not want to use the so-called calibra facebook product but a third party, they would be willing to transfer the keys, transfer the data, do the tentacle transfers to that t

emily: the comparison pegged to zuckerberg as on innovative. had a next to jeff bezos and elon musk. >> we heard that when the slide .as reported to mark zuckerberg they said they were current innovators and you could hear a pin drop. you could not quite believe he could be viewed in that way. , he is still in the early 30's. it matters a lot to him not only from a recruiting standpoint. wantbuilding facebook into he wants to let us into your that was an interesting anecdote we heard and we thought it conveyed a little bit about how it things about. meantime, there is the social media summit that has not invited facebook or reportedly twitter. what is going to happen at the summit? >> we don't know and it is hard to have a social media summit when you do not invite facebook sounds like conservative thought leaders actually have problems. because the companies themselves don't sound like they are going youe there, it does make question what exactly will be accomplished at a hearing like this. it could be a facebook bass session ---- facebook bas

simply, the facebook board is mark zuckerberg himself.kerberg hasn't proven he can help with privacy issues, what makes you think of facebook board going forward would be different echo -- different? >> not a whole lot. mark zuckerberg has the controlling votes for the board, close to 60% of the voting power. doesn't really matter who was on the board beyond mark himself. when you look at privacy, they will be people who have issues that this is a board directed and controlled, because the board is really mark zuckerberg. thank you very much. turning elsewhere in tech, amazon planning to introduce a high-end version of its echo smart speaker in hopes of fending off rivals. there also ramping up their work on a robot. mark gurman joins us for more in los angeles. tell us what is going on. what do we know about the speaker and what strategic purpose does it serve? initiatives.f many while the echoes are good for alexa voice control, you can control your lights and more, things, truth be told, the audio quality is not up to par with some of

interesting only holding mark zuckerberg responsible in a limited fashion.head of this afternoon's earnings report. i want to bring in attorney misty maris. president of independent women's fellow, beverly hall berg. let me start with you, misty. there is lot of controversy. democrats on the ftc said this is slap on the wrist. we should have taken them to court. we took cambridge analytica to court. we took the founders of cambridge analytica to court. we were much tougher on them according to the democrats here. why? >> instead of doing the settlement agreement which by virtue of the terms, settlement agreement means both parties are coming to an agreement how to proceed, democrats are saying this is just a slap on the wrist even though we have a 5 billion-dollar penalty here. that is only 9% of facebook's earnings. this wasn't hashed out in court. i would say from a legal perspective you have to think strategy. it is not a slam dunk necessarily in court for the ftc. number one, number two, you will never get a penalty like that that will deter other compan

zuckerberg responded writing this, we have a responsibility to protect people's privacy. we already work hard to live up to this responsibility, but now we are going to set a completely new standard for our industry. facebook also announced the settlement of another federal investigation with the sec and the company will pay an additional $100 million after failing to reveal its privacy violations to its investors. >>> san francisco needs new housing, but some parts of the city always say no. now, a nonprofit wants everyone to pitch in.>> don't look away. don't walk by.>> call it, yes, in my backyard. it is a campaign led by tipping point community to challenge lawmakers to build 100 units of affordable housing in every district. right now, most projects are co the city.>> it is not okay for just a few neighborhoods to bear the runt of the responsibility for a crisis that affects all of us and when the politicians see they have a community behind them that wants to solve this problem, they will be bolder and they will know that we have their backs. >> the goal of the all

from trump to pelosi to obama to zuckerberg, no one seems to be safe from videos that are so good thatou can't tell they are fake. we speak to one company who says they can. heads of companies back in washington on monday. trump's top economic advisor in secretary called a meeting to talk about the trade war with china. one topic stuck out, the fight with huawei and whether the ban should stand. representatives from microsoft, intel, qualcomm, and more. what is the latest we know about this meeting? who was there? what was discussed? >> the meeting was called basically to hear a view from a business perspective. we do hear a lot about the huawei fight from the hawks and the administration and on capitol hill who obviously are in favor of a total decoupling of supply chains. this is a chance for them to make their case of wife huawei should -- of why huawei should continue selling. the invitation list was pretty broad in terms of companies that are affected by this. sent aompanies have letter to commerce secretary wilbur ross a couple of weeks ago, making their case in writing, in priva

regulatory troubled privacy complaints and now a $5000000000.00 fine for facebook's mark zuckerberg social network is under fire but the numbers are still convincing investors. and everyone knows the new number 10 downing street. number 11 finance minister said. the toughest job in boris johnson's new cabinet will have to guide the british economy into breaks it. crowds today will the new turkish central bank turn up to be president. writes. business to business. welcome facebook says have been rising and extended trading after it announced full cost beating 2nd quarter revenues of almost $17000000000.00 this just hours after the u.s. authorities hit the social network with a spectacular find the federal trade commission ordered facebook to pay $5000000000.00 u.s. dollars over its failure to protect user data it also told the network to set up an independent committee to oversee its privacy policy c.e.o. mark zuckerberg says facebook was making major changes that signaled quote a new chapter 3. 1000000000. financial correspondent just a dilemma is that they've been friends with chelsea see

. >> we do know that two victims were taken to zuckerberg general hospital with gunshot wounds. that is where andrea borba is standing life. >> reporter: those two victims, one in serious condition, one in critical condition arrived here at zuckerberg san francisco general hospital at 4:37 it's afternoon. so the teams here at the general hospital had about two and half hours to get to work on them, to get to a place we can survive these injuries. we know they haven't even in ct scans at this point to assess their injuries. there is likely surgery coming wew there artwo junile african-american males. one in serious condition, one in critical condition. they have injuries to their lower body. here is the chief of the san bern san bruno police department with more. >> personnel went inside and removed two gunshot victims who are gunshots to the lower extremities. they were removed from the building, transported by an and balance, i do not know any information on whether or not they were stable when they left. >> reporter: now you are taking a look at video from inside tanforan mall

. >>> coming up, the zuckerberg initiative. >> our dear robin roberts' rare interview with zuckerberg's wife dr. priscilla chan and their initiative to help children with rare diseases. ruggle. there's an easier way. try mr. clean magic eraser. just wet, squeeze and erase tough messes like bathtub soap scum and caked-on grease from oven doors. now mr. clean magic eraser comes in disposable sheets. they're perfect for icky messes on stovetops, in microwaves, and all over the house. for an amazing clean, try mr. clean magic eraser, and now, new mr. clean magic eraser sheets. >>> in a rare one-on-one interview with dr. priscilla chan. >> she's leading a multimillion dollar fight against rare diseases all over the world with the chan-zuckerberg initiative co-founded by her husband. >> shear robin roberts. >> reporter: she is fast becoming one of the most prominent philanthropic leaders of her generation. dr. priscilla chan, an up-and-coming game changer in the fields of medicine and science. >> science, technology, engineering -- >> reporter: the harvard-educated ucsf school of medicine gra

zuckerberg and your cfo new in december of 2016. is it also true that you did not tell the board of directors until 2017, until september 2017. isn't that accurate? >> we definitely move to slow to recognize the activities that were happening on the platform -- >> excuse me for interrupting our only have five minutes. >> in september of 2017 when senior management told the board of directors, facebook also issued a statement. it said the russians have tried to disrupt the election, through facebook but they only spent $100,000 and the only ran 3000 ads. that was a life was in ? >> i'm sorry senator -- >> that was a lie wasn't it? >> i do not believe it was. >> later facebook committed that the russian ads had reached 126 million people didn't they? >> i believe the people who answer the question at the time answer to the best of their knowledge at the time. >> when mr. zuckerberg was conducting his listing across the whole country, the first half of 2017, he was feeding cows in wisconsin and having inner with refugees in minneapolis

we do not have the legal authority to remove mister zuckerberg from the driver's seat. >>but we have imposed a robust system of checks and balances that extinguishes his ability unilaterally to chart the path for consumer privacy in a statement zuckerberg said in part quote these changes go beyond anything required under us law today. the reason i support them is that i believe they will reduce the number of mistakes we make and help us deliver stronger privacy protections, but some lawmakers like senator mark warner say a billion fine doesn't go far enough i think facebook knows just an obligation. >>to tell us what kind of data they're collecting how much that date is work. >>the billion goes straight to the us treasury, not consumers. but ftc investigators say new protections are worth more than money. >>this enforcement action provides immediate protections reporting in washington, i'm trevor shirley. >>a filmmaker ken burns visit san quentin prison to squeeze screen. an episode of his upcoming country music documentary. so burns visited the prison with rush on new

>>we do not have the legal authority to remove mier zuckerberg from the driver's seat. but we have imposed a robust system of checks and balances that extinguishes his ability unilaterally to chart the path for consumer privacy. >>in a statement zuckerberg said in part these changes go beyond anything required under us law today. the reason i support them is that i believe they will reduce the number of mistakes we make and help us develop and deliver stronger privacy protections. critics of the settlements 8 and poses no meaningful changes to the company's structure. an ftc commissioner who voted against the settlement said it does nothing to curtail the company's quote mass surveillance or advertising tactics. meanwhile, former chief technologist at the ftc called it a sweet deal for facebook shares of facebook rose several percentage points today after the news, pam and ken back to you all right grant, thank you. if you're going to have san francisco's new chase center for a concert or a warriors game you can get there for free on you in a deal between the lawyers an

regulatory trouble privacy complaints and now a $5000000000.00 fine for facebook mark zuckerberg social network is under fire but the numbers are still convincing vestas. also everyone knows the new man in number 10 downing street but who's the new guy number 11 finance minister has the toughest job in boris johnson's new cabinet he will have to guide the british economy into breaks it. today will the new turkish central bank chief turn out to be president pull. its. existing business on. facebook shares have been rising in extended trading after. beating 2nd quarter revenues of almost $17000000000.00 this just hours after u.s. authorities hit the social network with a spectacular find the u.s. federal trade commission ordered facebook to pay $5000000000.00 over its failure to protect use a date of the f.t.c. also meant mandates at the network to set up an independent committee to oversee its privacy policy c.e.o. mark zuckerberg says his company was in the process of making major changes that signal a quote new chapter for facebook. he is standing by in frankfurt chelsea we've seen com

reports say the social network will have to pay $5 billion mark zuckerberg -- mark zuckerberg will havecertify every three months that the company is properly safeguarding user privacy big day for you. >> why so? five ho >> five hours of mueller >> they're not my people >> you can keep saying that. >> and the other side is not mine either. this is a big day for -- do you think that if everybody knew what was in there, that they would say this guy has to go has to be impeached? we don't want to go here a lot of -- many eyes will be on this >> larry dud lkudlow said when a asked about president trump's remarks, he said i'll stay in my lane >> hopefully it's not the left lane going 50. that's all i'm saying. do not do that okay >> this is like two weeks ago. >> i know. >> for those of you who were on vacation -- >> people understand they see the people. >> you in that highlander, does it go over 50? if you push it, do the four cylinders -- >> let me talk about trade news. the white house confirming a u.s. trade delegation will head to china next week for the first high level face-to-face m

even after facebook ceo mark zuckerberg promised it uld. >> facebook betrayed the trust of its users and deceived them about their ability to control their personal information. >> the government accuses facebook of sharing users' ma personal infortion with third party apps in numbers and whether they liked certain postings. some shared with cambridganalytica, a political nsulting firm that worked with the trump campaign. an optionalac f recognition technology turned on by default. facebook is not admitting guilt though it's agreeg to government oversight ewor 20 years. also andependent privacy committee. and mark zuckerberg himself will have to certify every quarter that the company is adhering to privacy agreements. zuckerberg today. >> we're going to change the way that we operate across the whole company from the leadership down and the ground up. we're going to change how we build product. n'd if we dot, then we're going to be held accountable for it. >> reporter: facebook the first silicon valley company t have imposed on it. >> i think facebook has the opportunity to be the fi

will be held personally responsible for making sure that that happens. >> i think mar zuckerberg isd personally accountable. he is signing the order. he is named specifically in the r. the order requires him personally to certify that the companys in compliance wit our order quarterly, and if he les false certifications then he is subjecting himself to civil and criminal penalties. >> now, the ftc is not facebook's as we've been reporting, the justice department has started an antitrust review of some of silicon valley's biggest tech giants to determine if they have purposely been stifling competition. the companies being reviewed have not been named the nt announce but most believe them to be facebook, amazon, google andtopple. ght we take a look at what the doj may be tgeting at each company. back with us isulia boorstin on facebook. >> reporter: facebook is the second largest digital ad platform with 29% of u.s. digital ad spending between facebook and inagram, and facebook is the most dominant social platform when it comes to user's time. americans spend nearly 40 minutes daily

zuckerberg today. >> we're going to change the way that we operate across the whole company from the leadership down and the ground up. we're going to change how we build product. and if we don't, then we're going to be held accountable for it. >> reporter: facebook the first silicon valley company to have imposed on it. >> i think facebook has the opportunity to be the first company to do this correctly. i do hope they take it. >> reporter: critics say facebook got off easy, buying blanket immunity for everything that's happened and no restrictions on what happens in the future. >>> now to a major development in the story we first brought you last year about an emerging health risk for women. today the fda asked a maker of textured breast implants to pull them off the market after more evidence they're linked to cancer. here is investigative and consumer ceant vicky win with what patients need to know. >> reporter: tonight this cancer survivor is celebrating. >> i'm speechless. it's going to save lives. >> reporter: she's had cancer twice. after a mastectomy, she got textured implan

mark zuckerberg said that his company was in the process of making major changes that would signal quote a new chapter for facebook. let's get more now we're joined by rob watts who is from d f you business so an enormous find isn't it it really is we believe it's the biggest find has ever been given to a company for the pusing the previous e views is come from as you say the federal trade commission in the united states they've been looking into in general previously issues at facebook they started with the cambridge analytical scandal which you may remember it was this british political consultancy that managed to get access to the $87000000.00 facebook uses and abuses but the f.t.c. then broadened out their investigation to also look at other aspects of privacy of facebook including their facial recognition technology and it's concluded that repeatedly facebook undermined the promises that it made to its uses about privacy and has given them this $5000000.00 fine it's also told them they've got to set up a previously panel that's independent most like a book can't be on it they will o

zuckerberg here.ould be here. >> you are calling on mark zuckerberg to come and talk about libra? rep. waters: that is one of the things we have to do. it's a big idea point out of dutch born out of facebook. if he is big enough to create an idea that is global in nature, then he should talk to us about it. >> when david marcus talk to us in the senate, i said, would you use libra? he said he does not even use facebook. so same question to you madam chairwoman, would you use facebook libra? the waters: all i know is faith that i have in the american dollar. i love the american dollar, i am concerned about libra competing .ith our dollar i am not concerned at all about whether or not i will use libra as of today. no. i don't know it is, i don't know how it works. i am satisfied with the american dollar, and i am very concerned about any currency that will compete with it in the way that they talk about cryptocurrency doing. emily: u.s. representative maxine waters of california. coming up, this may be

mark zuckerberg says the social media giant is ready to make what he called major structural changes and how the company is wrong and how it designs its products his statement came after the us federal trade commission announced a $5000000000.00 fine against facebook for failing to protect users data now facebook announced that revenues and profits rose faster than expected in the 2nd quarter despite that big fine. this is an important and that fine is the largest penalty ever levied against a tech company it is jonathan crane is with us to tell us more about the story hi jonathan what were the allegations that actually led to this investigation well the catalyst really for it all with revelations in 2018 that a political consultancy firm cambridge and it's got managed to get its hands on the facebook data of 87000000 users now it did this for a 3rd party crew with the record of the dates not only of the people that actually filled in the queries but also their extended friends in our cameras and it's clear is very significant because it was hired by both the trump campaign the 2016

you believe then mark zuckerberg is going to be a crusader?who has more power, mark zuckerberg or the u.s. congress or the british parliament? >> you think he is going to relinquish it? >> i don't think he is. i think what is going to happen is people -- we've entered a moment where there is a shift of awareness where people start to realize, wait. move fast and break things. combined with growth at all costs leads to a combustible situation which is what's happened. this ethos of believe in innovation and it'll protect us is not true. we now have to create an accountability movement. it starts with awareness and all of us starting to hold these technologies more accountable and our user agreements we sign every day without reading -- >> a lot of words. >> right? >> thank you both. this film is chilling. it's important. "the great hack" on netflix. i highly recommend it. >>> moving forward, i want to talk to nyu professor, a friend of mine, the former ceo of the marketing firm l 2, scott galloway. scott, welcome. first, in the documentary we j