Bloomberg News
Facebook Inc. chief executive officer Mark Zuckerberg kicked off his week of Congressional testimony on Tuesday, addressing the recent Cambridge Analytica scandal as well as broader issues of privacy on the social media site.
FOLLOW LIVE: MarketWatch is live-blogging the testimony, which is also being live-streamed.
Zuckerberg is the sole witness testifying at a joint hearing held by The Senate Committee on the Judiciary and the Senate Committee on Commerce, Science, and Transportation. The hearing is called “Facebook, Social Media Privacy, and the Use and Abuse of Data.”
On Wednesday, Zuckerberg will testify before the House of Representatives Committee on Energy and Commerce, with that hearing set to take place at 10 a.m. Eastern. The House hearing is named “Facebook: Transparency and Use of Consumer Data.”
Zuckerberg’s prepared remarks for the House hearing were previously made public, with the Facebook FB, +2.18% CEO saying the company “didn’t take a broad enough view of our responsibility, and that was a big mistake.” He also apologized and said that Facebook didn’t do enough to stop its tools from being used for harmful purposes.
More broadly, Zuckerberg and Facebook have spent the past few weeks speaking with reporters and outlining proposed changes in consumer-oriented blog updates.
With Zuckerberg’s statement already available, the most interesting parts of the two hearings will likely be lawmakers’ opening statements as well as Zuckerberg’s responses to their questions. Comments from lawmakers may provide hints as to future attempts to regulate Facebook and other internet giants, including Alphabet Inc.’s GOOGL, +0.93% Google.
For more on Facebook’s response to the Cambridge Analytica scandal and the upcoming hearings, please see MarketWatch’s other coverage on the topic:
•Facebook’s Mark Zuckerberg testifies before Congress: live blog and video
•Here are the changes Facebook has announced ahead of Zuckerberg testimony
•Apple co-founder Steve Wozniak says he’s quitting Facebook: ‘You are the product’
•Zuckerberg apologizes to lawmakers ahead of congressional testimony
•Facebook COO Sheryl Sandberg says the company is not a surveillance operation
Facebook shares are up 2.5% in Tuesday trading and up 15% over the past 12 months, compared with an 13% gain for the S&P 500 SPX, +1.59%