>>> WELCOME BACK TO "VELSHI & RUHLE."
RUHLE." MARK ZUCKERBERG IS TESTIFYING
BEFORE CONGRESS.
BEFORE CONGRESS. TODAY IS ABOUT LIBRA.
LIBRA IS HIS BATTLE PLAN FOR
GLOBAL DIGITAL CURRENCY.
>> I BELIEVE THIS IS SOMETHING
THAT SHOULD BE BUILT.
I GET THAT I AM NOT THE IDEAL
MESSENGER FOR THIS RIGHT NOW.
WE FACED A LOT OF ISSUES OVER
THE PAST FEW YEARS AND I AM SURE
A LOT OF PEOPLE WISH THAT ANYONE
BUT FACEBOOK WHO ARE HELPING TO
PROPOSE THIS.
PROPOSE THIS. THERE IS A REASON THAT WE CARE
ABOUT THIS.
ABOUT THIS. THAT’S BECAUSE FACEBOOK IS ABOUT
PUTTING POWER IN PEOPLE’S HANDS.
I DON’T KNOW IF LIBRA IS GOING
TO WORK.
TO WORK. I BELIEVE IT IS IMPORTANT TO TRY
NEW THINGS AS LONG AS YOU ARE
DOING IT RESPONSIBILITY.
>> TRYING NEW THINGS AND
INCLUDING THAT HAIRCUT.
>> MEMBERS OF THE HOUSE IN THE
COMMITTEE ALSO USED THE TIME TO
GRILL HIM OVER FACEBOOK
SCRUTINIZING POLICY.
SCRUTINIZING POLICY. >> ARE YOU TELLING ME, YOU PLAN
ON DOING NO FACT-CHECKING ON
POLITICAL ADS?
POLITICAL ADS? >> OUR POLICYIES WE DO NOT
FACT-CHECK POLITICIANS SPEECH.
IT IS IMPORTANT THAT PEOPLE CAN
SEE FOR THEMSELVES WHAT
POLITICIANS ARE SAYING.
>> DO YOU FACT-CHECK ON ANY ADS
AT ALL?
AT ALL? >> YES.
>> YES. >> DESCRIBE WHAT YOU FACT-CHECK
ON?
ON? >> THANK YOU FOR THE OPPORTUNITY
TO VERIFY.
TO VERIFY. FACEBOOK DOES NOT FACT-CHECK
ITSELF.
ITSELF. >> JOINING ME NOW WASHINGTON
POST TECH POLICY REPORTER AND
MSNBC’S REPORTER, TAXONOMYONY RA
SCOTT CALLOWAY.
SCOTT CALLOWAY. TONY, I KNOW THAT’S NOT TODAY’S
HEARING WAS ABOUT.
MARK ZUCKERBERG AND MACXINE
WATERS SAYING IS IT YOUR POLICY
YOU DON’T FACT-CHECK ADS?
AND ZUCKERBERG REPLYING THIS IS
OUR POLICY.
OUR POLICY. SHOULD IT THE QUESTION BE TO THE
LAWMAKERS OR MAXINE WATERS THAT
HE DOES NOT HAVE ANY RULES SO HE
COULD DO WHATEVER HE WANTS.
>> YES, THIS IS A LOT OF THE
CRITICISM YOU ARE SEEING FROM
DEMOCRATS, NOT JUST AT THIS
HEARING TODAY BUT ACROSS THE
SPECTRUM.
SPECTRUM. FACEBOOK SHOULD TAKE A MORE
AGGRESSIVE HAND AND SHOULD BEGIN
TO FACT-CHECK POLITICAL ADS AND
REMEMBER WHY WE ARE HERE.
PRESIDENT TRUMP’S CAMPAIGN HAVE
RUN ADS INCLUDING FALSEHOOD
ABOUT JOE BIDEN AND THE BIDEN
CAMPAIGN ASKED TO HAVE IT REMOVE
AND FACEBOOK SAID NO.
FACEBOOK IS NOT READY FOR THE
2020 ELECTIONS FOUR YEARS AFTER
RUSSIAN AGENTS SPREAD THE
INFORMATION ON THE SITE.
IT WAS ONE OF MANY ISSUES THAT
CAME UP, A WIDE ARRANGING
HEARING THAT WE ARE WATCHING
TODAY.
TODAY. >> SCOTT, YOU AND I TALKED ABOUT
THIS DOZENS OF TIME.
WHAT FACEBOOK SHOULD DO AND WHAT
MARK ZUCKERBERG SHOULD DO?
YOU AND I BOTH HAVE CHILDREN.
OUR CHILDREN WOULD NEVER DO
THEIR HOMEWORK UNLESS WE FORCE
THEM TO DO IT.
IS IT NOT RIGHT TO WATCH THESE
LAWMAKERS GRILL MARK ZUCKERBERG
WHAT THEY SHOULD DO WHEN THEY
ARE THE ONES WHO COULD SET THE
RULES.
RULES. >> YOU ARE 100% RIGHT.
WE KEEP ON HOPING THE BETTER
ANGELS OF MARK ZUCKERBERG ARE
GOING TO SHOW UP.
THERE IS AN HONESTY AND
POLITICAL ADVISEMENTD ADVERTISEM
MITCH McCONNELL HAVE YET TO LET
IT COME TO A VOTE.
UNTIL WE REGULATE THESE ISSUES
AND CREATE SOME DOWNSIDE AND
SOMEONE GETS FINED TO THE EXTENT
THAT IT ACTUALLY HURTS THEIR
EARNINGS OR GOD FORBIDS SOMEONE
GETS PUT IN JAIL.
YOU WILL SEE A LOT OF DELAY AND
JUST OUT RIGHT FALSEHOODS SO YOU
ARE RIGHT.
ARE RIGHT. IT IS UP TO THE PARENTS HERE.
THE PARENTS ARE OUR LAWMAKERS.
>> THE AT END OF THE DAY,
LAWMAKERS GRILLING MARK
ZUCKERBERG, IS IT ANYTHING MORE
THAN A SHOW?
FACEBOOK PROBABLY JUST LIKE ANY
OTHER DAY IS GOING TO MAKE THEIR
110 MILLION BUCKS TODAY, SCOTT,
WOULD YOU SAY?
>> YEAH, I THINK THOUGH THE
MARKET HAD SPOKEN HERE AND IT IS
REGULATORS FROM ALL OVER THE
WORLD HAVE SAID, THE FIRST YOU
GET CONTROL OF THE MEDIA AND YOU
GET CONTROL OF THE MONEY AND THE
MILITARY.
MILITARY. AND PEOPLE AT FACEBOOK IMPACT ON
THE WORLD OF MEDIAN SAYS THAT
HAS NOT WORK LDED OUT WELL.
WE WANT TO GIVE THEM CONTROL
OVER THE MONEY AND BECOME THE
FALSE OF CURRENCY.
MARKET HAS A CORRECT REACTION
HERE.
HERE. I BELIEVE WITH LIBRA, IT IS NOT
EVER GOING TO LAUNCH.
I DON’T BELIEVE.
YOU ARE SEEING ABANDONMENT BY
BIG CORPORATIONS AND REGULATORS
AROUND THE WORLD ARE JUSTIFYING
AND ANXIOUS ABOUT THIS.
I THINK A LOT OF THIS IS MOOD,
STEPHANIE.
STEPHANIE. I THINK LIBRA IS DEAD ON
ARRIVAL.
ARRIVAL. GREAT IDEA, IT SHOULD NOT BE
FROM FACEBOOK AND NOBODY TRUSTS.
>> SCOTT AND TONY, THANK YOU
VERY MUCH.
VERY MUCH. AMAZING, THEY DECIDE TO GET IN
THE LIBRA GAME IN A TIME LIKE
THIS.
THIS. >> THAT’S A GREAT CONVERSATION.
MY PARTNER ALI.
>> DON’T YOU FIND IT STUNNING?
IT IS UP TO LAWMAKERS TO CHANGE
THE RULES.
THE RULES. I AM NOT SAYING ZUCKERBERG IS
DOING BAD OTHERWISE, WHAT HE’S
DOING IS LIVING AN EXISTENCE AND
THRIVING WITHIN THE RULES.
I KNOW WE AGREE THESE RULES
SHOULD BE CHANGED BECAUSE
FACEBOOK IS NOT A PLATFORM.
IT IS A PUBLISHER.
PARENTS SCREAMING TO THEIR
CHILDREN WHEN THEY FAIL THEIR
TEST WHEN THEY DON’T MAKE IT TO
SCHOOL.
SCHOOL. >> YOU GOT TO GET THIS RIGHT,
RIGHT?
RIGHT? YOU DON’T WANT TO BREAK THE
INTERNET IN THE PROCESS BUT YOU
WANT TO DEAL WITH ALL THESE
PROBLEMS THAT ARE CREATED BY
SOCIAL MEDIA.
SOCIAL MEDIA. >> ALI, ARE YOU TIRED SAYING IT
IS THE WILD WEST?
FACEBOOK HAS BEEN A MEGABULL
MEGA-BULHEMIC FOR DAYS.
>> THE WILD WEST I AM TALKING
ABOUT IS THE LAWS ARE NOT IN
PLACE.
PLACE. UNTIL WE PUT LAWS IN, I THINK
YOU AND I ARE ON THE SAME SIDE