IT executives in suits have become familiar at the US Capitol. Facebook CEO Mark Zuckerberg attended a hearing in October in a suit and tie and continued to answer the tough questions of Congressmen for several hours.
Facebook co-founder and CEO Mark Zuckerberg at a hearing of the House Financial Services Commission in October
Courtesy of Getty Images
The hearing was held by the House Financial Services Commission to ask Zuckerberg about Facebook's latest venture, Libra, a cryptocurrency. Politicians were already outraged at the fact that Facebook allowed the formation of hate groups and sexual exploitation of children and allowed misleading political advertisements that could not prevent data breaches. This time, he feared that Facebook could disrupt the financial industry and told Zuckerberg he would not support Libra. His testimony at a hearing following the Cambridge Analytica data scandal was taken skeptically.
Maxine Waters, a Democrat from California, told Zuckerberg, "My conclusion is that Facebook will focus on fixing a number of flaws and failures in question before proceeding further with the Libra project. That's the benefit of everyone. " Many people will agree with this conclusion.
Uck Zuckerberg was called to Washington in 2019, when the Facebook issue list was already long and several more were added. The company was criticized for allowing politicians to lie in political advertising. Attorneys in 47 states have investigated the company for alleged violations of antitrust law. The US Federal Trade Commission fined the company $ 5 billion for continuing violations of its privacy order. The culprit who shot and fired 51 Muslims in Christchurch, New Zealand, streamed the crime live on Facebook.
After a shooting in March in Christchurch, New Zealand, a woman covers her face with a hat after offering flowers to the Arnur Mosque.
Courtesy of Getty Images
What's clear is that despite all these problems, Facebook is still growing. Approximately 2.8 billion people use Facebook, Facebook Messenger, Instagram and / or WhatsApp each month, and their monthly active users [MAUs] increased by about 8% from 2.6 billion a year ago. As criticism grows, Facebook continues to be more powerful. In the United States, Facebook added a new dating feature, expanded its video chat device lineup, started testing new virtual reality [VR] services, and strengthened its VR business. The Libra project has not slowed down. Facebook has told Congress that it will not launch the digital currency service without regulatory approval, but will not halt its plans.
The company, which continues to grow as problems continue to grow, is naturally criticized by politicians, activists and celebrities. Even before the Cambridge Analytica scandal was exposed in 2018, Facebook has been criticized for not protecting user privacy adequately. As the problem increased, so did the need to investigate Facebook.
"Facebook has grown so quickly that it has concentrated too much on making money without considering the impact of growth," said Professor George Vladeck of Georgetown University Law Center. He was the director of the FTC's Consumer Protection Bureau between 2009 and 2012, and oversaw Facebook's research. "The company is now rewarded for its carelessness and dishonesty," said Vladeck.