Zuckerberg testimony to Senate Committee: FB up 4.5%
Facebook Chief Executive Mark Zuckerberg's testimony in front of the Senate Committee on the Judiciary and Committee on Commerce today concluded in recent trade.
Facebook had revealed that there were 87 million accounts affected by privacy violation, but today, the stock rose 4.5% to close at $165.04 as senators questioned Chief Zuckerberg over the Cambridge Analytica data scandal, Russian election interference and user privacy, among other topics.
However, much of the questions thrown at Zuckerberg outraged the public on the internet where there was a lacking in understanding of the technology and granular aspects of internet marketing industry in the case of some of the Senate Committee highlighting the knowledge gap between the regulators and the regulated.
Zuckerberg had apologized in written testimony ahead of these appearances, of which will continue on Wednesday morning and will testify before the House Committee on Energy and Commerce at 10 a.m. EST.
Facebook's system to connect with other apps was designed 'in a way that wasn't good'
- Zuckerberg
Wall Street bulls take the lead as China is pushing free trade
Forex today: risk-on, markets react uniformly, yen and dollar down, rates and stocks up