Zuckerberg defends Facebook business model

Zuckerberg defends Facebook business model

"What we know now is that Cambridge Analytica improperly accessed information by buying it". CNBC reported that the Facebook chief executive owns $66 billion in shares in the social networking company.

On the Tech Tent podcast this week, we zero in on what Mark Zuckerberg failed to answer during his United States congressional appearances, about just how much data Facebook collects - and the control users have over it.

This means that the next time you use the Facebook credentials to sign up for, or log in to, an app, you will not have to see the screen that wants you to accept the terms and conditions allowing the app to access Facebook data such as posts, photographs, age, etc. This is Zuckerberg being questioned by Illinois Democratic Congressmember Bobby Rush. On Tuesday, he took questions for almost five hours in a US Senate hearing 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.

Get Data Sheet, Fortune's technology newsletter. On a question, if Facebook has a political bias, he said the platform's goal was not to engage in political speech. The company's core advertising business is dependent on its large user base.

Now Facebook is working with governments in the U.S., the United Kingdom and around the world to do a full audit of what they've done and to make sure that they get rid of any data that they still have.

Facebook has been notifying the tens of millions who were affected by the data breach. Zuckerberg admitted that Facebook's data was used in the famous "Analytica scandal".

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By the close of Wednesday's hearing , Zuckerberg had spent roughly 10 out of the previous 24 hours testifying before Congress . Lujan criticised Zuckerberg and his platform for taking information from people who haven't even signed a privacy agreement.

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So, not having a Facebook account is not an effective way to avoid its data harvesting.

More recently, in the latest instalment in a long-running privacy case, a Belgian court ordered Facebook to stop profiling non-members in the country or face a daily fine. "But I am committed to getting this right, and that includes the basic responsibility of protecting people's information, which we failed to do with Cambridge Analytica", he said.

And Mark Zuckerberg added: "A number of people suggest that we should offer a version where people cannot have ads if they pay a monthly subscription, and certainly we consider ideas like that".

"Facebook's PAC and employees made political contributions totaling $4.5 million in the 2016 cycle, according to the nonpartisan Center for Responsive Politics".

The committee members also expressed concerns about the company's targetted ad system and how it profited itself from users' personal data.

NSA whistleblower Edward Snowden called attention to a video of a BBC interview in which Facebook CEO Mark Zuckerberg said that Facebook would never share or sell anyone's personal information. We use the data that people put into the system in order to make them more relevant.

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