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Facebook Inc. boss, Mark Zuckerberg ended his drilling session with the US Senate on Wednesday. He walked away unscathed and remarkably became richer. Although this was Mark Zuckerberg"s first congressional drilling, he wowed the investors by successfully deflecting all the questions asked by the over hundred members of the Senate. On several occasions, he responded that he didn"t have the answer to some questions and that he would get back to them when he could. He incessantly told the Senate that users of Facebook had absolute control over their data and did his best to avoid being pressured to support the new regulation that would likely affect other Internet-based firms. " It is inevitable that there will need to be some regulation of internet firms," agreed Mr. Zuckerberg but refused to be cornered to give specifics. It was a similar case on Tuesday, the first day of the hearing. The U.S lawmakers did not reveal any agreement on specifics about what kinds of p...

Facebook Inc. CEO, Mark Zuckerberg told the Senate during his hearing that the case with Russia continually seeking means to exploit the social media platform is an "arms race" and this has resulted in the never-ending battle with the social network. The crises with Facebook include the issue with Russian agents using Facebook to influence the US 2016 election. While answering the questions about Cambridge Analytica"s exploitation, he revealed that Robert Mueller, the special counsel investigation Russia"s alleged meddling in the last election interviewed a staff member from Facebook. He maintained that his discussion with Mr. Mueller would remain confidential should he be interrogated. He said: " Our work with the special counsel is confidential and I want to make sure that in an open session, I"m not revealing something that"s confidential."    Two months ago, Mueller"s team had charged thirteen Russians of interference with the US electio...

The Senate hearing on Tuesday ended with a little hope of a course of action, indicating that Facebook is here to stay and that there"s little the privacy advocates can do after all. Mark Zuckerberg, Facebook Inc. Chief Executive masterfully navigated through the first two hearings without conceding defeat. All through the congressional hearings, he refused to make promises that his company will abide by the new regulations or change the business model to suit the privacy advocates. Although he spent ample time apologising for what he admitted was the social network"s mistakes for failing to protect the private information of users from exploitation and for allowing “fake news” to thrive on the platform to influence the 2016 US election, he skilfully managed to handle any attempt to support any congressional regulations. Read more: Mark Zuckerberg’s Senate Hearing Indicates A Little Hope For Action The new congressional regulation affects every internet-based comp...

Mark Zuckerberg made an appearance before the United States Senate on Tuesday to defend his company on the subject of regulating internet-based companies. He wass confronted with two significant challenges- How Facebook was unaware that users" information of 87 million people was harvested from his social media platform and abused by the political consultancy, Cambridge Analytica , and how Russia used the social network to spread false information during the 2016 U.S presidential elections. The Facebook boss testified before the Senate Commerce and the Judiciary Committees of 44 members of Senate. Senator Bill Nelson, the top Democrat on the Senate Commerce Committee, thinks that the format of the hearing will not give room for a thoughtful debate. " How in the world can you have 44 senators do a hearing that has a lot of substance when each senator only has four minutes? ", he queried. There have been agitations on what the outcome of this hearing would be. Facebook...