{"id":62824,"date":"2018-04-11T12:38:55","date_gmt":"2018-04-11T12:38:55","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=62824"},"modified":"2018-04-11T12:38:55","modified_gmt":"2018-04-11T12:38:55","slug":"second-day-u-s-congressional-hearings-awaits-facebook-ceo-zuckerberg","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/second-day-u-s-congressional-hearings-awaits-facebook-ceo-zuckerberg.html","title":{"rendered":"Second day of U.S. congressional hearings awaits Facebook CEO Zuckerberg"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif\">Second day of U.S. congressional hearings awaits Facebook CEO Zuckerberg<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt\">The internet magnate is scheduled to testify at 10 a.m. EDT (1400 GMT) before the U.S. House of Representatives Energy and Commerce Committee, a day after he appeared for nearly five hours before a U.S. Senate hearing.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt\">Zuckerberg, wearing a dark suit instead of his usual gray T-shirt, navigated through the first hearing on Tuesday without making any further promises to support new legislation or change how the social network does business, foiling attempts by senators to pin him down.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt\">Investors were impressed with his initial performance. Shares in Facebook posted their biggest daily gain in nearly two years, closing up 4.5 percent on Tuesday.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt\">Facebook has been consumed by turmoil for nearly a month, since it came to light that millions of users\u2019 personal information was wrongly harvested from the website by Cambridge Analytica, a political consultancy that has counted U.S. President Donald Trump\u2019s election campaign among its clients. The latest estimate of affected users is up to 87 million.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt\">Patience with the social network had already worn thin among users, advertisers and investors after the company said last year that Russia used Facebook for years to try to sway U.S. politics, an allegation Moscow denies.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt\">Lawmakers have sought assurances that Facebook can effectively police itself, and few came away from Tuesday\u2019s hearing expressing confidence in the social network.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt\">\u201cI don\u2019t want to vote to have to regulate Facebook, but by God, I will,\u201d Republican Senator John Kennedy told Zuckerberg on Tuesday. \u201cA lot of that depends on you.\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt\">Zuckerberg deflected requests to support specific legislation. Pressed repeatedly by Democratic Senator Ed Markey to endorse a proposed law that would require companies to get people\u2019s permission before sharing personal information, Zuckerberg agreed to further talks.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt\">\u201cIn principle, I think that that makes sense, and the details matter, and I look forward to having our team work with you on fleshing that out,\u201d Zuckerberg said.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 8pt\">Source:-https:\/\/www.reuters.com\/article\/us-facebook-privacy-zuckerberg\/second-day-of-u-s-congressional-hearings-awaits-facebook-ceo-zuckerberg-idUSKBN1HI1CJ<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/second-day-u-s-congressional-hearings-awaits-facebook-ceo-zuckerberg.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Second day of U.S. congressional hearings awaits Facebook CEO Zuckerberg The internet magnate is scheduled to testify at 10 a.m. EDT (1400 GMT) before the U.S. House of Representatives Energy and Commerce Committee, a day after he appeared for nearly five hours before a U.S. Senate hearing. Zuckerberg, wearing a [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":62825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[146,117626,128711,30775,128710,130522],"class_list":["post-62824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business-news","tag-business-news-today","tag-latest-and-daily-business-news","tag-latest-business-news-usa","tag-live-updates-news","tag-second-day-of-u-s-congressional-hearings-awaits-facebook-ceo-zuckerberg"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/62824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=62824"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/62824\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/62825"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=62824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=62824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=62824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}