Here Are 5 Things To Watch For During Zuckerberg’s Capitol Hill Testimony
by Tyler Durden
ZeroHedge.com
Tue, 04/10/2018
Like the old saying goes, the most dangerous place in Washington is between a politician and a camera.
Expect that dynamic to be on full display this afternoon when Mark Zuckerberg appears before the Senate Judiciary Committee for his first day of testimony before lawmakers. Public hearings like these are an excellent opportunity for lawmakers to score political points and craft soundbites that can be used to pad their campaign ads – which is particularly important now, with the crucial 2018 midterms just months away.
Given the possibility that Zuckerberg’s answers to lawmakers’ questions could impact Facebook shares, it’s worth considering what to expect during the upcoming hearing.
Here are a few excerpts from previews published by the Wall Street Journal, the Hill and Bloomberg, starting with what’s perhaps the most important question of them all…
Can Zuckerberg Convince Lawmakers That He Is Truly Sorry?
During interviews with CNN, Vox and the New York Times, Zuckerberg insisted that, while Facebook is “deeply sorry” for not holding Cambridge Analytica accountable, the only thing the company did wrong was “trust” this nefarious third party.
Of course, the backlash against Facebook runs much deeper than Cambridge Analytica: Users want to know why the company didn’t notify them about the breach when it happened, and also how the company uses their data to help target ads for its advertising clients.
Since the hearing will require “off-the-cuff responses”during the Q&A, will Zuckerberg be able to hold his tongue and refrain from making excuses for the company’s behavior? Judging by both interviews with Zuckerberg and Sheryl Sandberg, this doesn’t seem likely.
Would Facebook Consider A Paid Option? And If So, How Much Might It Cost?
The Rest…HERE
