12 April 2018
Mark Zuckerberg told lawmakers that he was among the 87 million or so Facebook Inc users whose data was improperly shared with political consultancy Cambridge Analytica. Zuckerberg was on Capitol Hill for the second time in two days to answer questions about data privacy. The data was improperly shared with Cambridge Analytica by an academic to gather data on users and their friends through a questionnaire app on Facebook.
FACEBOOK CEO, MARK ZUCKERBERG said "On your point about regulation, the internet is growing in importance around the world in people's lives, and I think that it is inevitable that there will need to be some regulation. So my position is not that there should be no regulation. But I also think that you have to be careful about what regulation you put in place for a lot of the reasons that you're saying. I think, a lot of times, regulation, by definition, puts in place rules that a company that is larger, that has resources like ours, can easily comply with, but that might be more difficult for a smaller startup to -- to comply with."