Attention of the world was tied to Brussels yesterday as Mark Zuckerberg testified before the European Parliament in order to protect hic company – Facebook from facing consequences over Russian take-over of millions of users’ data. Zuckerberg took the floor to apologize to the European politicians and officials in Facebook’s part in all of the scandal, involving high-ranking officials from USA and Russia, as well as employees from Cambridge Analytica.
Facebooks CEO took the full responsibility for data leakage saying "Whether it's fake news, foreign interference in elections or developers misusing people’s information, we didn’t take a broad enough view of our responsibilities. That was a mistake, and I’m sorry.". He tried to pledge the use of Facebook when it comes to free communication between politicians and their electors, but that didn’t help the testimony.
European Parliament wasn’t pleased with the answers, provided by Zuckerberg. Some of the officials present at the meeting were sure that most of the questions were dodged by FB CEO. UK Parliament's Digital Culture Media and Sport Committee chairperson said "Unfortunately the format of questioning allowed Mr Zuckerberg to cherry-pick his responses and not respond to each individual point,"
Zuckerberg only had less than 25 minutes to answer all the pressing questions and that is only fair that some of them were left unanswered. Some are left wondering whether such format of questioning was picked by Zuckerberg on purpose.
FB is going to hire more people to monitor their news feed and upgrade their support system, where managers will go over the issued by themselves and not wait for customers’ complaint. All of the measures will hopefully fix all the problems FB might have and put the scandal behind.
Meanwhile last time Mark testified in front of the American parliament FB stock went up and added about $2 billion to Mark’s fortune in about 48 hours. So all the traders are waiting for the next market move.