if Ozempic® is right for you.
>>> TIME NOW FOR "MONEY, POWER, POLITICS."
POLITICS." FSH AGAIN UNDER FIRE AFTER A
DEVASTATING NEW ROURKE FROM "THE
NEW YORK TIMES" FINDING IT CAME
SOME OF THE BIGGEST TECH
COMPANIES ON EARTH, QUOTE, MORE
INTRUSIVE ACCESS TOP USERS’
PERSONAL DATA THAN IT HAD
DISCLOSED, EFFECTIVELY EXEMPTING
BUSINESS PARTNERS FROM ITS USUAL
PRIVACY RULES.
PRIVACY RULES. ACCORDING TO MORE THAN 270 PAGES
OF INTERNAL DOCUMENTS AND
INTERVIEWS WITH 50 FORMER
EMPLOYEES, "THE TIMES" FOUND
FACEBOOK SHARED DATA WITH MORE
THAN 150 COMPANY ITS THROUGH
PARTNERSHIPS AND SOME PARTNERS
SAY NETFLIX AND SPOTIFY HAD THE
ABILITY TO ACCESS USERS’ DATA
WITHOUT THEIR KNOWLEDGE.
JOINING ME NOW CNBC CONTRIBUTOR
AND HOST OF POLITICO MONEY
PODCAST BEN WHITE, CONGRESSMAN
COSTELLO AND CONGRESSMAN BROWN
ARE BACK WITH ME.
BACK IN APRIL MARK ZUCKERBERG
TESTIFIED ON CAPITOL HILL.
HE WAS PRESSED ON THE WAY THAT
HIS COMPANY HANDLED USER DATA.
I WANT TO REMIND FOLKS EXACTLY
WHAT HE SAID.
>> WE DON’T SELL DATA AT ALL.
SO THE WAY THE AD SYSTEM WORKS
IS ADVERTISERS CAN COME TO US
AND SAY, I HAVE A MESSAGE I’M
TRYING TO REACH A CERTAIN TYPE
OF PEOPLE.
OF PEOPLE. THEY MIGHT BE INTERESTED IN
SOMETHING, THEY MIGHT LIVE IN A
PLACE, AND THEN WE HELP THEM GET
THAT MESSAGE IN FRONT OF PEOPLE.
BUT THIS IS ONE OF THE -- IT’S
WIDELY MISCHARACTERIZED ABOUT
OUR SYSTEM THAT SWELL DATA, AND
IT’S ACTUALLY ONE OF THE MOST
IMPORTANT PARTS OF HOW FACEBOOK
WORKS IS THAT WE DO NOT SELL
DATA.
DATA. >> AS YOU SMIRK.
THEY DON’T SELL DATA, BUT THE
REPORT DOES REVEAL THAT FACEBOOK
STRUCK DEALS TO SHARE THE
INFORMATION WITH DOZENS OF
SILICONE VALLEY COMPANIES.
WHAT ARE WE TALKING ABOUT HERE?
>> WE’RE TALKING ABOUT SEMANTICS
IN TERMS OF NOT DIRECTLY SELLING
DATA.
DATA. THEY SHARE DATA, AND APPARENTLY
THEY SHARE IT A LOT MORE
ROBUSTLY WE HAD THOUGHT,
CONTRARY TO WHAT PERHAPS THEY
AGREED TO IN THIS FTC DECREE IN
2011.
2011. THE QUESTION IS ARE THEY IN
VIOLATION OF THAT?
IF THEY ARE, WE’RE TALKING VERY
LARGE FINES.
LARGE FINES. BUT THE FACT THEY’RE ALLOWING
COMPANIES LIKE NETFLIX AND
SPOTIFY TO HAVE ACCESS TO USERS’
MESSAGES WILL IRRITATE A LOT OF
PEOPLE.
PEOPLE. A LOT OF THINGS ON FACEBOOK
TODAY I WILL DELETE FACEBOOK.
THERE’S PROBLEMS HERE ALREADY
FOR FACEBOOK.
FOR FACEBOOK. >> A STUDY BACK IN SEPTEMBER
SAID HALF THE USERS 18 TO 29
DELETED THE FACEBOOK APP FROM
THEIR PHONES.
THEIR PHONES. THAT MAY NOT HAVE TO DO WITH
PRIVACY CONCERNS, IT MAY I DON’T
WANT TO BE ON THE SAME PLATFORM
MY GRANDMA IS TO CHECK OUT WHAT
I’M DOING, BUT EVEN IF YOU GO
OFF FACEBOOK, THEN IS MY
INFORMATION PROTECTED?
INFORMATION PROTECTED? >> PROBABLY NOT, NO.
THEY HAVE ALL OF THE INFORMATION
THAT YOU ALREADY PUT UP THERE
AND THEY’VE HARVESTED THAT.
THEY HAVE THAT IN ENORMOUS DATIA
BASES THAT IS INCREDIBLY
VALUABLE.
VALUABLE. WE LIVE IN AN ECONOMY NOW WHERE
DATA IS THE COIN OF THE REALM,
IT IS ABSOLUTELY THE MOST
VALUABLE THING THESE COMPANIES
COLLECT, AND THEY’RE SHARING IT
IN WAYS THAT PEOPLE ARE NOT
FAMILIAR WITH.
FAMILIAR WITH. EVEN IF YOU HAVE SET YOUR
PRIVACY SETTINGS TO THE UTMOST
DEGREE, IT IS NOW VERY CLEAR
THAT THEY VIOLATED THOSE PRIVACY
SETTINGS IN THE WAY THEY SHARED
THIS DATA WITH APPLE AND ALL OF
THESE OTHER TECH COMPANIES.
>> CONGRESSMAN COSTELLO, RECORDS
SHOW AGAIN FACEBOOK GIVES
COMPANIES LIKE NETFLIX AND
SPOTIFY THE ABILITY TO READ YOUR
PRIVATE MESSAGES IF YOU’RE ON
FACEBOOK, THE RELEVANT
CONGRESSIONAL COMMITTEES
CONGRESSIONAL COMMITTEES INVESTIGATED, WE JUST SAW MARK
ZUCKERBERG WHEN HE WAS ON THE
HOT SEAT, OTHERS AS WELL, CAN
YOU SEE AT THIS POINT AFTER THE
INVESTIGATIONS TO THE AMERICAN
PEOPLE, WE AS CONGRESS ARE
PROTECTING YOU?
PROTECTING YOU? >> NO, NO.
LISTEN, I WAS JUST A PARTY TO
THOSE HEARINGS.
THOSE HEARINGS. I SIT ON THE TECHNOLOGY
COMMITTEE.
COMMITTEE. THE REALITY IS WE DO NOT HAVE A
PRIVACY LAW IN THIS COUNTRY FOR
DATA USE.
DATA USE. THAT IS SOMETHING THAT ACTUALLY
MAY HAPPEN IN THE NEXT CONGRESS.
THERE’S A NUMBER OF COMPANIES, A
NUMBER OF MEMBERS OF CONGRESS,
SENATORS AND HOUSE MEMBERS, WHO
HAVE PUT FORTH PRIVACY
PRINCIPLES.
PRINCIPLES. BASED UPON MY REVIEW OF "THE NEW
YORK TIMES" REPORTING, YES,
FACEBOOK DOESN’T SELL DATA BUT
THEY TREAT THEIR DATA AS A
COMMODITY AND THEY TRADE THAT
COMMODITY TO BE ABLE TO GROW
THEIR PLATFORM WITH OUTSIDE
COMPANIES, AND IN THE PROCESS,
THEY CIRCUMVENT WHAT WOULD
OTHERWISE BE A REQUIREMENT TO
GET PRIOR INFORMED CONSENT FROM
FACEBOOK USERS.
FACEBOOK USERS. THAT’S WHAT HAPPENED.
WHETHER OR NOT THAT WAS AN FTC
VIOLATION IS A SERIOUS QUESTION
THAT WILL HAVE TO BE PROBED, AND
I WOULD EXPECT CONGRESS WILL
HAVE ADDITIONAL HEARINGS NEXT
YEAR BECAUSE WHEN YOU DON’T HAVE
A LAW, TECH COMPANIES --
>> HEARINGS?
>> HEARINGS? WHAT ARE YOU GUYS GOING TO DO
ABOUT IT?
ABOUT IT? >> YOU NEED A PRIVACY LAW SO
WE’RE ALL SPEAKING THE SAME
LANGUAGE.
LANGUAGE. YOU HAVE BIG TECH COME BEFORE
CONGRESS AND THEY’RE USING THEIR
OWN TERMS.
OWN TERMS. DOES ANYBODY KNOW WHAT AN
INTEGRATED PARTNERSHIP IS?
I DON’T BUT THAT’S WHAT FACEBOOK
WAS USING.
WAS USING. WHEN YOU HAVE AN INTEGRATED
PARTNERSHIP AS THEY’RE ARGUING
WITH AN AMAZON, ALL OF A SUDDEN
THEY DON’T NEED YOUR INFORMED
PRIOR CONSENT IN ORDER TO SHARE
YOUR DATA.
YOUR DATA. YOU DON’T KNOW WHAT THEY’RE
USING THAT DATA FOR.
AND YOU HAVE A COMPANY THAT
SIMPLY SAYS OH, WELL, WE USED IT
APPROPRIATELY.
APPROPRIATELY. HOW DO WE KNOW YOU USED IT
APPROPRIATELY UNLESS WE HAUL YOU
IN TO CONGRESS AND GET ANSWERS?
IT CONTINUES TO BE A SITUATION
WHERE WE GET A LITTLE BIT OF
INFORMATION INCREMENTALLY AT A
TIME AND AFTER THE FACT WE FIND
OUT IT’S A MUCH BIGGER PROBLEM
THAN WE WERE LED TO BELIEVE IN
THE FIRST INSTANCE.
>> SO SINCE YOU’VE TOUCHED ON
IT, CONGRESSMAN BROWN, ONE OF
THE CRITICISMS HAS BEEN THAT
CONGRESS CAN’T DO ANYTHING
BECAUSE, FRANKLY, THEY DON’T GET
IT.
IT. THEY DON’T UNDERSTAND IT
TECHNICALLY, WHETHER IT’S ONE
PHRASE OR THE WHOLE OPERATION.
WE SAW THAT, WE SAW SOME OF THE
QUESTIONS THAT WENT TO PEOPLE
LIKE MARK ZUCKERBERG, WERE
PRETTY SIMPLISTIC.
PRETTY SIMPLISTIC. SO IS IT FAIR, FIRST OF ALL, IS
MY CRITICISM AND OTHER PEOPLE’S
CRITICISMS FAIR?
CRITICISMS FAIR? AND DO YOU SEE A PATH AHEAD FOR
CONGRESS TO GET A HANDLE ON
THIS?
THIS? >> YEAH, I THINK RYAN IS
ACCURATE IN STATING THAT
CONGRESS HAS TO DEVELOP A BETTER
UNDERSTANDING OF THIS INDUSTRY
AND HOW THEY OPERATE.
IT’S NOT ENOUGH TO CALL MARK
ZUCKERBERG OR ANY OTHER CEO OF A
BIG TECH COMPANY IN SOLELY FOR
THE PURPOSES OF PUBLICLY
EX-SCORATING HIM AND HIS
COMPANY.
COMPANY. WHAT WE NEED TO DO IS BRING THEM
IN TO ENSURE THAT WE FULLY
UNDERSTAND THE INDUSTRY, HOW
THEY OPERATE, AND THAT NOT ONLY
MEMBERS OF CONGRESS BUT, QUITE
FRANKLY, THE PROFESSIONAL STAFF
ON CAPITOL HILL THAT DOESN’T
HAVE NEARLY THE EXPERIENCE AS
THE INDUSTRY DOES IN HOW THEY
OPERATE.
OPERATE. WE NEED TO BETTER UNDERSTAND
THIS.
THIS. BUT LET ME ALSO ADD THIS IS NOT
SOLELY A CONSUMER PROTECTION
ISSUE.
ISSUE. AND THAT’S VERY IMPORTANT,
INFORMED CONSENT AND DISCLOSURE.
THIS IS A NATIONAL SECURITY
ISSUE.
ISSUE. WE KNOW AT LEAST ONE OF THE
COMPANY THAT’S HAD THIS MORE
INTRUSIVE ACCESS TO INFORMATION
HAS TIES, IT’S A RUSSIAN COMPANY
WITH TIES TO THE KREMLIN.
SO IT’S TIME THAT WE DEVELOP A
SEAT BELT LAW FOR FACEBOOK, JUST
AS DECADES AGO IT TOOK CONGRESS
TO MANDATE SEATBELTS FOR THE
AUTO INDUSTRY TO PROVIDE THE
SAFETY WE NOW ENJOY IN
AUTOMOBILES TODAY, IT’S TIME FOR
A SEATBELT LAW FOR FACEBOOK.
THE INDUSTRY HAS MATURED.
IT’S TIME FOR ROBUST