Facebook Is Responsible for Its Content.Roy Blunt Promotes His Son’s Instagram Careerīlunt: My son Charlie, who’s 13, is dedicated to Instagram, so he’d want to be sure I mention him while I was here with you.Graham: You don’t think you have a monopoly? Zuckerberg: It certainly doesn’t feel like that to me. Graham: Is Twitter the same as what you do? Zuckerberg: It overlaps with a portion of what we do. The average American uses eight different apps to communicate with their friends and stay in touch with people, ranging from texting apps to email- Graham: Which is the same service you provide? Zuckerberg: Well we provide a number of different services. Is there an alternative to Facebook in the private sector? Zuckerberg: Yes, senator. If I’m upset with Facebook, what’s the equivalent product that I can go sign up for?. If I buy a Ford, and it doesn’t work well and I don’t like it, I can buy a Chevy. Lindsey Graham: Who’s your biggest competitor? Zuckerberg: Senator, we have a lot of competitors. Facebook Has No Direct Competitors, But It “Doesn’t Feel Like” a Monopoly.Hatch: Well, if so, how do you sustain a business model in which users don’t pay for your service? Zuck: ( Blinks.) Senator, we run ads. There will always be a version of Facebook that is free. Is that still your objective? Zuckerberg: Senator, yes. You said back then that Facebook would always be free. Zuckerberg, I remember well your first visit to Capitol Hill back in 2010. What if I don’t want to receive those commercial advertisements? And all of a sudden I start receiving advertisements for chocolate. Nelson: Yesterday when we talked, I gave the relatively harmless example that I’m communicating with my friends on Facebook and indicate that I love a certain kind of chocolate. Grassley: Okay, but right now you have no certainty of whether or not, how much of that’s going on, right? Zuckerberg: ( Blinks.) Grassley: Okay. Chairman, I, I will have my team follow up with you on what information we have. Grassley: I can assume that sitting here today you have no idea, and if I’m wrong on that, you’re able-you are telling me, I think-that you’re able to supply those figures to us, as least as of this point? Zuckerberg: Mr. I can make sure that our team follows up with you on anything about the specific past stats that would be interesting. I don’t have the exact figure how many times we have. Grassley: Have you ever required an audit to ensure the deletion of improperly transferred data? And if so, how many times? Zuckerberg: Mr. Advertisers and developers will never take priority over that as long as I am running Facebook. Zuckerberg: My top priority has always been our social mission of connecting people, building community, and bringing the world closer together. Mark Zuckerberg Irons Out His Priorities.And I hope that will be in the answers today. Bill Nelson Calls Mark Zuckerberg “Genuine”.The potential for abuse is also significant. The potential for further growth and innovation based on collection of data is limitless. As we get more free or extremely low-cost services, the trade-off for the American consumer is to provide more personal data. Services offered by companies grant endless opportunities to collect increasing amounts of information on their customers. Facebook currently has over 2 billion monthly active users across the world, over 25,000 employees, and offices in 13 U.S. Zuckerberg in 2004, Facebook has exploded over the past 14 years. An Octogenarian Explains Facebook to the CEO of FacebookĬhuck Grassley: Founded by Mr.
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