>> BREAKING NEWS, THIS IS
AFFECTING FACEBOOK FORTUNE AND
POSSIBLY FUTURES WILL PAY THE
WALL STREET JOURNAL REPORTED
THAT E-MAILS HAVE BEEN FOUND
CONNECTING CEO MARK SODERBERG TO
SOME OF THE COMPANIES MOST
DISTURBING PRIVACY PROBLEMS, THE
JOURNAL SOURCES CLAIM THE
E-MAILS WERE BEHIND FACEBOOK
DESIRE TO QUICKLY SETTLE OVER
VIOLATIONS OF A 2012 OF THE
BREAKUP OF FACEBOOK OR THE
DEPARTURE OF MR. ZUCKERBERG.
>> YOU BEEN FOLLOWING THE SALTY,
WHAT IS THE LATEST.
>> YOU HAVE A SITUATION WHERE
THE ASKED FACEBOOK TO STOP
SHARING USER DATA.
IN OUT OF THE PRIVACY SETTINGS,
THIS IS WHAT CAN BE ABOUT OVER
THE LAST YEAR OR SO.
THESE E-MAILS WHICH ARE SOURCES
COULD START TO REVEAL HOW
ZUCKERBERG, THE FOUNDER CEO
HIMSELF STARTED SPEAKING WITH
DEVELOPERS AND STARTED TALKING
ABOUT PRIVACY SETTING BUT MOVING
QUICKLY AND MOVING ALONG.
THERE'S STILL A LOT OF GRAY
AREAS ACCORDING TO WHAT THEY ARE
SEEN BUT WE DON'T KNOW YET IF HE
COULD BE IMPLEMENTED IN THIS,
COULD HE HAVE KNOWN ABOUT USER
DATA BEING SHARED?
THESE ARE ALL UNDER TWO
QUESTIONS BUT WE STILL KNOW THE
FTC HAS BEEN UNDERGOING AN
INVESTIGATION FOR THE PAST YEAR
AND FACEBOOK ASIDE, WE ARE
SETTING ASIDE $5 MILLION FOR
POTENTIAL FINES.
>> 5 BILLION WITH A B, I'LL TELL
YOU WHAT ELSE IS INTERESTING,
HOW COULD HE NOT KNOW, HE'S THE
HEAD OF THE COMPANY, HIS ATTACK
HIMSELF, SO MANY STOPS ALONG THE
WAY, THE USERS THAT WERE USING
THE APPS THAT WERE GETTING
SHARED ON THE MOBILE, HOW COULD
HE NOT KNOW BEING WHERE HE IS,
AND FURTHERMORE, BEING ATTACKED
AND BEING THE FACT THAT HE
STARTED THIS WHOLE THING, HOW
DUMB IS HE TO PUT STUFF LIKE
THIS THAT IS SO CONTROVERSIAL
OVER E-MAILS.
THAT'S ANOTHER QUESTION HIMSELF.
THIS WILL BE DUMB ALONE HE
SHOULD BE NAMED AS RESPONDENT IN
THE CLAIM, TO ME IT DOESN'T
MATTER BECAUSE IF YOU LOOK AT
THE STOCK, ADVERTISERS, AND MAY
USE, ALL IS GOOD AND WE OWN
FACEBOOK IS A STOCK.
>> I OWN FACEBOOK AS WELL, FULL
DISCLOSURE, BUT WHAT YOU WILL
SEE IS REAL PRESSURE ON
ZUCKERBERG TO BRING IN AS A
BEGINNING AND NONEXECUTIVE
CHAIRMAN, CHAIRMAN CEO, BRINGING
SOMEBODY SEEN AS AN ADULT,
SOMEBODY WHO CAN GIVE HIM
GUIDANCE AND I THINK THAT
PRESSURE IS GOING TO BECOME
OVERWHELMING IN THE NEXT FEW
DAYS.
>> I OWN FACEBOOK STOCK AS WELL,
I SOLD IT RECENTLY BECAUSE OF
THIS, I THINK POLITICIANS, THIS
IS RED MEAT FOR POLITICIANS,
SPECIFICALLY, THEY WENT AFTER
ALL COMPANIES, REAL ESTATE
COMPANIES, POLITICIANS LOVES
GOING AFTER BANKS, BIG TECH, I
THINK YOUR 100% RIGHT, I THINK
FACEBOOK WILL BE OKAY, YOU HAVE
TO HAVE BILLION PEOPLE USE
FACEBOOK OR ONE OF THE APPS PER
MONTH, IT'S ONE OF THE GOOD
COMPANIES, AT LEAST FOR NOW AND
IN THE IMMEDIATE FUTURE BECAUSE
OF WHAT CONGRESS IS GOING TO DO.
>> YOU WILL MISS THE NEXT 20
BUCKS.
>> I HOPE NOT.
>> I THINK YOU MIGHT AND I HOPE
YOU DO.
YOU BROUGHT UP SOMETHING
INTERESTING, WHAT HAPPENS IF
ZUCKERBERG STEPPED ON.
I THINK IT HURTS A COMPANY, CAN
YOU KEEP HIM STRATEGICALLY
PLACED IN THE COMPANY.
>> HILL KEEP FOR NOW, HE
CONTROLS THE COMPANY, SO THEY
CANNOT FORCE HIM OUT.
BUT I THINK YOU'D STAY ON A CEO
BUT IF YOU BRING ON AN AGED
TECHIE, AN OLDER TECHIE AS
CHAIRMAN TO REASSURE PEOPLE THAT
WHEN THESE CRISES COME UP
THERE'S AN ADULT THAT WHO'S BEEN
THROUGH A LOT OF THESE TO GIVE
ADVICE, GIVE GUIDANCE AND THE
PEOPLE HAVE REASSURANCE FOR THE
FUTURE.
EVERY TIME IT LOOKS LIKE IT'S
RISING UP AGAIN, THEY SEEM TO
HAVE A CRAB FALL, I HAVE TO
MENTION, THE WALL STREET JOURNAL
HAS NOT ACTUALLY SEEN THE
E-MAILS THEY'RE GETTING THIS
FROM SOURCES, WE DON'T KNOW
PRECISELY WHAT IS IN THEIR OR
WHO IS SHARING THE E-MAILS WITH
THE WALL STREET JOURNAL, BUT IF
THEY DO SHOW HIM IN VIOLATION OF
THE 2012 CONSENT AGREEMENT THAT
HE SIGNED, HE SIGNED IT WITH THE
FTC, IF HE IS IN DEFIANCE OF
THAT I AM WONDERING IF HE COULD
BE CRIMINALLY LIABLE.
>> OF COURSE HE CAN, BUT HOW
LONG CAN THIS POTENTIALLY GO ON.
>> YOU SAVE COURSE BUT THERE'S A
LOT OF PEOPLE DEBATING.
>> OF THE EMOTIONAL, AND SO FAR
THAT'S WHAT THE WALL STREET
JOURNAL SOURCES ARE ALLUDING TO.
WE HAVE NOT SEEN THEM SORE.
FREEZING THE REPORT.
WHAT FACEBOOK IS TRYING TO DO IS
COME AHEAD OF THE CURVE AND BE
UP FRONT.
JUST OVER THE LAST MONTH THEY
LOST A NEW PROGRAM IN THE APPLE
GOOGLE STORE CALLED STUDY WHERE
THEY WILL PAY USERS TO GET THE
DATA.
I DON'T KNOW HOW MUCH YOU CAN
GET PAID, BUT IF YOU DOWNLOAD
STUDY ON YOUR PHONE IT WILL
TRACK WHERE YOU'RE GOING, HOW
LONG YOUR OWN APPS, THEY ARE
TRAINED TO BE AHEAD OF THE CURV
CURVE.
>> GO-AHEAD, IF I DO MISS THE