Opening Pandora’s Box: Facebook To Brief Congress On What Happened

Tuesday, March 20, 2018
By Paul Martin

by Tyler Durden
ZeroHedge.com
Tue, 03/20/2018

With its stock crashing, the future of Facebook as an advertising platform has been called into question by marketers, lawmakers and privacy activists following Monday’s “revelations” that its data on 50 million users was harvested and used by a political ad firm in 2016. Which is ironic because it has been if not known, then certainly argued for years that Facebook is nothing more than a surveillance company, something Edward Snowden pointed out just this past Monday, with the only question whether or not US spy agencies are also involved in Facebook’s user monitoring.

In any case, the pressure on Facebook only escalated on Tuesday as countless US and foreign regulators and politicians demanded Facebook explain what happened.

And, in hopes of quieting down the scandal which has cost the company tens of billions in market cap, the social network has agreed to brief House Judiciary Committee members as soon as Wednesday on the use of personal data of millions of users, Bloomberg reported citing to a congressional official familiar with the discussions.

Democrats on the committee are demanding that Judiciary Chairman Bob Goodlatte, a Virginia Republican, schedule a hearing on revelations that the company Cambridge Analytica exploited information from millions of Facebook users without their permission.

Meanwhile, the top Judiciary Committee Democrat Jerrold Nadler of New York wrote Goodlatte that neither Alexander Nix, the CEO of Cambridge Analytica, nor Brad Parscale – who ran the 2016 Trump campaign’s digital operations and has been named Trump’s campaign manager for 2020 – have responded to Democratic requests for information. Furthermore, Bloomberg adds that the Senate Judiciary Committee also is in the process of scheduling a briefing from Facebook, said George Hartmann, spokesman for Chairman Chuck Grassley, an Iowa Republican.

The Rest…HERE

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