Facebook CEO apologises for data misuse

Preview of the messages

Preview of the messages

Zuckerberg also addressed Russian election interference and acknowledged, as he has in the past, that the company was too slow to respond and that it's "working hard to get better".

Facebook founder Mark Zuckerberg met with lawmakers on Capitol Hill Monday.

Zuckerberg is also ready to take more questions about the use of Facebook by Russian operatives to manipulate the 2016 USA presidential election.

Less clear is how Facebook will handle the threat of increased regulation if Zuckerberg does not adequately resolve lawmakers' concerns this week.

But he did not explain why and how Cambridge Analytica still managed to misuse the personal data afterwards. "The company really is at a moment of reckoning", he told NPR.

"I've directed our teams to invest so much in security - on top of the other investments we're making - that it will significantly impact our profitability going forward", Zuckerberg said in the prepared testimony.

"We didn't take a broad enough view of our responsibility, and that was a big mistake", he said in written remarks released by the US House Energy and Commerce Committee on Monday.

How will I know if my information was taken?

Facebook has faced calls that the platform should be regulated, following suggestions it lacks transparency in terms of information dissemination and advertising. On April 4, the company announced new technical changes created to close loopholes that allowed third parties overbroad access to user data.

He is confronting combined outrage over how Russian Federation used Facebook to spread divisive political propaganda during the 2016 U.S. presidential election and how Facebook seemed unaware that a political consultancy, Cambridge Analytica, improperly harvested personal data of about 87 million Facebook users, a lot of them Americans.

Asia Ali market mulls impact of US' sanctions on Rusal; responses mixed
The company said the sanctions were likely to have a "materially adverse" impact on its business and finances. The state-controlled bank is seen as a barometer for the wider Russian economy.

On Monday, the social media giant began rolling out a "see how you're affected" tool at the top of News Feeds to inform users if they're among the tens of millions of people who had their data improperly harvested by Cambridge Analytica.

Facebook suspended B.C. -based technology firm AggregateIQ, which has been linked to the Facebook privacy controversy by Canadian whistle-blower Christopher Wylie.

If, like the vast majority of Facebook users worldwide, your data wasn't swept up, you'll instead get a link to the Apps and Websites privacy page, which lets you control which third-party apps and websites have access to what data. He also said Facebook should have done more.

Facebook Inc FB.O Chief Executive Mark Zuckerberg met USA lawmakers individually on Monday and told Congress in written testimony that the social media network should have done more to prevent itself and its members' data being misused.

Mr Zuckerberg is about to testify before US Congress about the scandal.

The Facebook chief will testify before senators on Tuesday and the House of Representatives on Wednesday after millions of users of his social network had their data breached by a firm working on Donald Trump's campaign.

The firm has made millions of dollars from selling online political ads without having to abide by the same rules and laws that regulated TV and radio political adds.

Once again, Mark Zuckerberg is sorry.

The move comes after Facebook and Cambridge Analytica (CA) submitted responses to the questions sent to them by the IT ministry. "And our goals are to understand Facebook's impact on upcoming elections - like Brazil, India, Mexico and the United States midterms - and to inform our future product and policy decisions".

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