The Cambridge Analytica scandal exposed vulnerable data security model of social media giant Facebook. It has been turbulent few weeks for Facebook CEO Mark Zuckerberg. For the first time in his tenure as the CEO of Facebook, he faced the US Senators. In spite of all the controversies and speculations earlier, Mark Zuckerberg accepted his failure in front of the Senators. He remarked, “It’s clear now that we didn’t do enough to prevent those tools for being used as harm as well. That was a big mistake and and I’m worried.” Anyhow he clearly mentioned that he doesn’t wish to make Facebook a paid service and has emphasized on his principle of free service even in case of specific ad experience. No doubt, it is indeed rare to have a CEO testifying before 44 Senators in attendance. Importantly, he also categorically remarked on Cambridge Analytica scandal, “I realize the issues we’re talking about today aren’t just issues for Facebook on our community, they’re issues and challenges for all of us as Americans.” Clearly, Mark Zuckerberg is aware of the liability and thus trying to project the case as a generalized affair.
In response to Senator Dianne Feinstein’s question, Mark Zuckerberg also acknowledged regarding possible Russian influence in US Presidential Elections. He told the Senators,” One of my greatest regrets is we were slow in identifying the Russian operations in 2016.” Incidentally, it was only a few weeks back a former employee of Cambridge Analytica, which is a London-based data-mining firm with ties to U.S. President Donald Trump, revealed data leak from Facebook which may have been utilized by Russia to influence US Presidential Elections. Later it was revealed that Cambridge Analytica leaked information tens of millions of users without the permission of Facebook authorities. It became as clear as daylight that Cambridge Analytica leaked Facebook information through an app in order to build psychological profiles on a large portion of the U.S. electorate, with a direct motto to influence the elections.
The irony of this whole testimony has been Mark Zuckerberg’s reluctance to accept monopoly of Facebook in the world of social media. When Senator Lindsey Graham enquired about it, he replied, “It certainly doesn’t feel like that to me.” Senator Ron Wyden really made Mark Zuckerberg fumble with a list of his past apologies. No doubt, Mark Zuckerberg looked to be in damage control mode and is trying to revamp market credibility. To his favor, the Facebook stock closed with its best percentage gain since April 2016 and this will definitely make him happy.