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Zuckerberg Agrees to EU Parliament Grilling Over Data Scandal

Facebook Inc. Chief Executive Officer Mark Zuckerberg has agreed to face a grilling from European Union lawmakers over how the data of as many as 2.7 million Europeans could have ended up in the hands of consulting firm Cambridge Analytica. European Parliament President Antonio Tajani on Wednesday said Zuckerberg had accepted the EU institution’s invitation to travel across the Atlantic and face lawmakers in person as soon as next week. The meeting will take place in private, the assembly’s press service said. “Our citizens deserve a full and detailed explanation,” Tajani said in a statement posted on Twitter. “I welcome Mark Zuckerberg’s decision to appear in person before the representatives of 500 million Europeans. It is a step in the right direction towards restoring confidence.” The ...

Apple CEO Lauds Gun-Control Activists; Jabs at Google, Facebook

Apple Inc. Chief Executive Officer Tim Cook waded into divisive political topics such as gun control and immigration during a commencement speech while continuing his criticisms of internet companies over a lack of user privacy. Speaking at Duke University, where he graduated from business school 30 years ago, Cook urged the students to reject the status quo and be fearless. “Fearless like the students of Parkland, Florida, who refuse to be silent about the epidemic of gun violence and have rallied millions to their cause,” Cook said to rousing applause. “Fearless like the women who say ‘metoo’ and ‘Time’s Up.’ Women who cast light into dark places and move us to a more just and equal future. Fearless like those who fight for the rights of immigrants, who understand that ...

Cambodian Exile Loses Facebook Data Demand, Gets Another Try

A U.S. judge denied a Cambodian opposition leader’s bid for a court order requiring Facebook Inc. to turn over information for his legal fight against the ruling government, while offering him a road map to renew his request. Sam Rainsy, the exiled leader of Cambodia’s National Rescue Party, wants to subpoena Facebook to help him fight criminal and civil claims against him brought by the regime of Prime Minister Hun Sen. U.S. Magistrate Judge Sallie Kim in San Francisco ruled Friday that Sam Rainsy’s initial request was too broad. Kim added that Rainsy “might satisfy” subpoena rules and “evade any problems” of U.S. privacy law by focusing narrowly on information about an investigation of Hun Sen’s Facebook page. The request should be limited to investigations about ...

Twitter Sold Data Access to Cambridge Analytica–Linked Researcher

By Selina Wang April 29, 2018, 2:26 PM EDT Twitter Inc. sold data access to the Cambridge University academic who also obtained millions of Facebook Inc. users’ information that was later passed to a political consulting firm without the users’ consent. Aleksandr Kogan, who created a personality quiz on Facebook to harvest information later used by Cambridge Analytica, established his own commercial enterprise, Global Science Research (GSR). That firm was granted access to large-scale public Twitter data, covering months of posts, for one day in 2015, according to Twitter. “In 2015, GSR did have one-time API access to a random sample of public tweets from a five-month period from December 2014 to April 2015,” Twitter said in a statement to Bloomberg. “Based on the recent reports, we conduc...

Senators Press Google and Twitter for Answers on Privacy

The chief executive officers of Google and Twitter may be next to follow Mark Zuckerberg into a gauntlet of congressional hearings. Senate Commerce Chairman John Thune said he’s considering another public hearing on data privacy and spoke with representatives of Alphabet Inc.’s Google this week, suggesting the company send CEO Sundar Pichai to answer questions. “I’ve told them I’d like to have them come in and talk to us about data privacy and maybe some of the other social media platforms as well,” Thune said in an interview. “It’ll help to really know what they’re doing, and it’ll help and instruct what we might be thinking about doing. We haven’t scheduled anything yet, but we’re having conversations with them.” Zuckerberg, CEO of Facebook Inc., spent about 10 hours over two days this m...

‘Suspicious’ Buyers Behind Facebook Ads

09:00 Neil Shearing Capital Economics Ltd, Chief Emerging Markets Economist 09:10 Fatih Birol Intl Energy Agency, Executive Director 09:30 Mitul Kotecha Toronto Dominion Bank, Senior Emerging Markets Strategist 10:00 Gideon Rose Foreign Affairs Magazine, Editor 10:01 Harm Bandholz UniCredit Bank AG, Chief US Economist 10:30 Timothy L O’Brien Bloomberg Editorial, Executive Editor https://www.bloomberg.com/news/videos/2018-04-16/-suspicious-buyers-behind-facebook-ads-video

Zuckerberg Asked to Explain Himself in European Parliament

Mark Zuckerberg was urged to pack his bags for Europe to be grilled by European Union lawmakers in a re-run of his U.S. congressional testimony this week. The European Parliament decided Thursday to invite Facebook Inc.’s chief executive officer to appear before three of the assembly’s committees. The move follows a call on Wednesday by EU Justice Chief Vera Jourova for the social network giant’s founder to explain in person how the Facebook data of as many as 2.7 million Europeans could have ended up in the hands of British consulting firm Cambridge Analytica. “I do think that Mark Zuckerberg should appear before the European Parliament,” Sophie In ’t Veld, a Dutch member of the EU assembly’s Liberal group told Bloomberg Television. “The data of European citizens are concerned and this is...

GOP Rep. Lance on Facebook, Browser Act, Ryan

14:00 Anne Lester JP Morgan Asset Management, Mng Dir/Portfolio Manager 14:20 Shawn O’Leary Nuveen Investments Holdings Inc, Vice President/Senior Research Analyst 14:20 Jeb Hensarling (US)House of Representatives, Texas Congressman (R) 14:30 Betty Gee Barclays Capital Inc, US Head: Strategic Consulting 14:30 Betty Gee Barclays Capital Inc, US Head:HF Strategic Consulting 14:40 Andrew James Formica Janus Henderson Group PLC, Co-Chief Executive Officer https://www.bloomberg.com/news/videos/2018-04-11/gop-rep-lance-on-facebook-browser-act-ryan-video

Rep. Chris Collins ‘Not Looking for Additional Regulation’ of Big Tech

19:20 Kevin Kelly Kelly & Co, Managing Partner 21:00 David Kirkpatrick Techonomy Media, CEO/Founder 21:00 Ben Brody Bloomberg Editorial, Reporter:Lobbying 21:10 Leonard Lance United States House of Representatives, Representative:New Jersey 21:20 Beth Ferreira Firstmark Capital LLC, Managing Director 21:30 Ro Khanna United States House of Representatives, California Congressman (D) 21:40 Ryan Williams Goldman Sachs & Co, Former 21:40 Caroline Hyde Bloomberg/ Newsroom:Qvs London, Reporter https://www.bloomberg.com/news/videos/2018-04-11/rep-collins-not-looking-for-additional-regulation-of-big-tech-video

Zuckerberg Admits Facebook Collects Data on Non-Users

19:20 Kevin Kelly Kelly & Co, Managing Partner 21:00 David Kirkpatrick Techonomy Media, CEO/Founder 21:00 Ben Brody Bloomberg Editorial, Reporter:Lobbying 21:10 Leonard Lance United States House of Representatives, Representative:New Jersey 21:20 Beth Ferreira Firstmark Capital LLC, Managing Director 21:30 Ro Khanna United States House of Representatives, California Congressman (D) 21:40 Ryan Williams Goldman Sachs & Co, Former 21:40 Caroline Hyde Bloomberg/ Newsroom:Qvs London, Reporter https://www.bloomberg.com/news/videos/2018-04-11/zuckerberg-admits-facebook-collects-data-on-non-users-video

Zuckerberg Asked If Lack of Diversity Hobbled Facebook on Russia

Lawmakers’ questions for Mark Zuckerberg on Wednesday included whether a lack of diversity among Facebook Inc. workers left the social media giant blind to Russian attempts to inflame minority groups during the 2016 U.S. presidential election. “I’m concerned that there are not eyes that are culturally competent looking at these things,” said Representative Yvette Clarke, a New York Democrat. She asked whether “the lack of diversity — culturally competent personnel in your C-suite and throughout your organization” — kept Facebook from detecting Russian attempts to incite racial and religious divisions. “I agree that we need to work on diversity,” Zuckerberg replied. “In this specific case I don’t think that that was the issue.” Facebook was “‘frankl...

Rep. Ryan Costello Says Regulating Facebook Should Be Done ‘Slowly and Cautiously’

19:30 David Kirkpatrick Techonomy Media, CEO/Founder 19:45 Joseph Linus Barton “Joe” (US)House of Representatives, Texas Congressman (R) 20:00 Bob Miller BlackRock Financial Management Inc, Managing Director 20:10 Janice D Schakowsky (US)House of Representatives, Illinois Congresswoman (D) 20:20 J Cody Tafel Thompson Seigel & Walmsley, Senior Equity Trader https://www.bloomberg.com/news/videos/2018-04-11/rep-ryan-costello-says-regulating-facebook-should-be-done-slowly-and-cautiously-video

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