DOWN 2% FOR THE WEEK.
AFTER EVERYTHING ELSE THE DOW
ONLY DOWN 170 WEEK.
NOW THIS.
>> WE KNOW AT FACEBOOK WE COULD
NOT USE ENOUGH TO PROTECT
PEOPLE'S DATA.
I'M REALLY SORRY FOR THAT.
MARK IS REALLY SORRY FOR THAT.
WE'RE TAKING STRONG ACTION TO
GET AHEAD OF PROBLEM.
WE HAVE 10,000 PEOPLE WORKING IN
SAFETY AND SECURITY AT END OF
THE YEAR.
WE'RE MORE THAN DOUBLE TO
20,000.
MARK IS HAPPY TO GO TO CONGRESS.
MARK WANTS TO ANSWER EVERY
QUESTION WE HAVE ABOUT THE
SERVICE WE OFFER.
LAUREN: DANA PERINO WRAP AD
ONE-ON-ONE INTERVIEW WITH
FACEBOOK COO SHERYL SANDBERG.
DANA, I WATCHED YOUR INTERVIEW
LIVE.
REFTATIONAL CRISIS FOR THE
COMPANY.
THIS IS DAMAGE CONTROL.
DO YOU THINK IT IS WORKING?
>> WE'LL SAY.
I THINK IT'S A WHOLE THAT WE'RE
IN.
IT WILL TAKE A WHILE.
MARK ZUCKERBERG WILL HAVE TO
TESTIFY BEFORE CONGRESS.
I TALKED TO MANY REPUBLICANS AND
DEMOCRATS IN CONGRESS.
ONE THING INTERESTING TO ME, SO
MANY PEOPLE ARE VERY MAD AT
FACEBOOK FOR SO MANY DIFFERENT
REASONS.
THERE IS NOT A LOT OF
CONSISTENCY.
THEY HAVE TO COVER THE ENTIRE
GAMUT.
THEY'RE TALKING TO MANY
DIFFERENT AUDIENCES.
ONE IS THEIR USERS.
CONGRESS AND COLLEAGUES.
YOU ALSO HAVE THE MARKET.
OF COURSE I WOULD HAVE TO ASK
YOU ABOUT ALL OF THAT.
GIVEN THAT THE TECH STOCKS HAVE
BEEN DEALING WITH TURMOIL OF
LATE, THEY WILL HAVE TO THINK
ABOUT THAT TOO WHEN HE ANSWERS
LOOK AT WHAT HE SAYS TO ME, WHEN
I ASKED ABOUT THIS COMPANY IS
GIVING, WHEN THEY LOST TRACK OF
IT.
IS FACEBOOK TOO BIG.
PART OF THE SUCCESS, IT HAS TWO
BILLION USERS.
CAN YOU HIRE ENOUGH PEOPLE TO
KEEP UP WITH THAT?
>> AT OUR SIZE AND SCOPE WE HAVE
REAL RESPONSIBILITY.
AND WE KNOW THAT PEOPLE HAVE
THAT QUESTION AND IT'S A
QUESTION WE'RE ANSWERING.
WE'RE RAMPING AS QUICKLY AS
POSSIBLE.
LAUREN: YEAH YOU KNOW --
>> LAUREN, THE RESPONSIBILITY --
GO AHEAD.
LAUREN: I WAS LISTENING TO WHAT
SHE SAID.
SEEMS TO ME AFTER ALL THESE
YEARS.
AFTER ALL MAYBE SMALLER
INSTANCES THEY'RE FINALLY
REALIZING THAT WE OPERATE AT A
MEDIA COMPANY WHEN WE PACK THIS
POWERFUL PUNCH.
MAYBE WE SHOULD BETTER PROTECT
OUR USERS ALL THIS TIME LATER?
>> WELL, THE QUESTION OF WHETHER
FACEBOOK IS PUBLISHER, THAT WILL
CERTAINLY COME UP NEXT WEEK AS
WELL.
FACEBOOK WILL CONTINUE TO RESIST
THAT THEY SAY THEY ARE PROVIDING
CONTENT, USE, AVAILABILITY OF
THE CONTENT.
BUT THEY ALSO DID SOMETHING
ELSE.
THAT IS VERY INTERESTING.
THEY HAVE BEEN TAKING A LOOK AT
CAMBRIDGE ANALYTICA AND RUSSIA.
LISTEN HOW SHE ANSWERED A
QUESTION I ASK ABOUT THE
TIMELINE AND WHEN FACEBOOK KNEW
THEY HAD A PROBLEM WITH RUSSIA.
HOW BACK DID IT GO?
DID FACEBOOK NOW IN THE FALL OF
2015 FACEBOOK HAD A PROBLEM WITH
RUSSIANS INFLUENCING THE
ELECTION?
>> WE LEARNED ABOUT THIS LATE.
WE DID NOT KNOW THEN.
WE HAD SEEN EARLIER ACTIVITY, WE
PUBLISHED SOME STUFF BUT WE
DIDN'T UNDERSTAND THE EXTENT OF
IT BUT NOW WE'RE TAKING ACTION.
>> THAT QUESTION OF THE TIMELINE
WHEN FACEBOOK KNEW RUSSIA WAS
TRYING TO INFLUENCE THE
ELECTION, YOU CAN BET NEXT WEEK,
ESPECIALLY MEMBERS ON THE
DEMOCRATIC SIDE OF THE AISLE,
THEY WILL BE SKEWERING MARK
ZUCKERBERG WHY THEY DIDN'T
RECOGNIZE IT SOONER.
IN THEIR EYES A LITTLE BIT TOO
LITTLE TOO LATE.
LAUREN: IT COULD BE ONE BIG
EXPENSIVE PROBLEM FOR THEM,
DANA, 80 MILLION POTENTIAL
VIOLATIONS AND THE FTC FINE.
>> I CAN'T DO THE MATH.
SHE IS TRYING TO SHOW THAT
FACEBOOK DOES A LOT OF GOOD
THINGS.