CHARLES: THERE HAS BEEN A
ZUCKERBERG POSTING.
BREAKING SILENCE, HE TOOK A
WEEK, ADDRESSING SCANDAL IN
STATEMENT THAT READS IN PART, WE
HAVE A RESPONSIBLE TO PROTECT
YOUR DATA.
IF WE CAN'T WE DON'T DESERVE TO
SERVE YOU, I HAVE BEEN WORKING
TO FIND OUT HOW THIS HAPPENED
AND MAKE SURE IT DOESN'T HAPPEN
AGAIN.
-- THERE IS MORE TO TO, WE NEED
TO STEP UP DO IT.
WELL, NOT IN STATEMENT WAS A
ACTUAL APOLOGY.
DAVID NELSON BACK WITH US, LIZ
PEEK, YOU WROTE A PIECE, YOU
SAID TOO LATE.
THEY ARE TOO BIG, THEY ARE HUGE.
NO ONE CAN HOLD THEM DOWN.
>> IT TRUE.
THIS COMPANY, WHICH HAS NOW OVER
2 BILLION USERS, ACTIVE USER
PRODUCE 4 -- DATA EVERY DAY, THE
GOVERNMENT CONDITION CONTROL CAN
GOVERNMENT CONDITION CONTROL CAT
GOVERNMENT CONDITION CONTROL CAC
GOVERNMENT CONDITION CONTROL CAN
GOVERNMENT CONDITION CONTROL CAR
GOVERNMENT CONDITION CONTROL CAL
GOVERNMENT CONDITION CONTROL CAT
GOVERNMENT CONDITION CONTROL CAI
GOVERNMENT CONDITION CONTROL CAS
AND GUESS WHAT, FACEBOOK CAN'T
DO IT EITHER, MARK ZUCKERBERG
KNOWS THAT, WE HAS TALKING ABOUT
HAVING TAKEN SOME STEPS.
THEY ARE NOT ABLE TO REIGN IT
IN.
CHARLES: NOT VERY APOLOGETIC.
ZUCKERBERG CONTROLS 75 PER OF
THE VOTE, HE SAID BOTTOM LINE,
HE IS NOTE
HE IS NOT ACCOUNTABLE TO
EVERYONE.
>> YOU KNOW FUNNY, THE PEOPLE
WERE CALLING FOR HIS HEAD, SAME
PEOPLE WHO WERE LAUDING HIM AS
SECOND COMING, HIS SHARES HAVE
10 VOTES EACH, HE IS NOT GOING
ANYWHERE.
TO LIZ A
TO LIZ'S POINT, THE JEANIE IS
OUT OF THE BOTTLE, NOT SURE
WE'LL BE ABLE TO REGULATE OUR
WAY OUT OF THIS MESS, MAYBE
WE'LL HAVE TO RETHINK HOW WE
INTERACT WITH SOCIAL MEDIA IN
FUTURE.
CHARLES: MEDIA GOING NUTS THAT
SOMEHOW PERHAPS CAMBRIDGE THEY
USED THIS INFORMATION TO SWAY
THE ELECTION.
YET WE COME TO DISCOVER THAT
FACEBOOK AND OBAMA
ADMINISTRATION HAD A COZY
RELATIONSHIP, DIDN'T THEY IN.
>>
IN?
>> REMEMBER, OBAMA HAD FINGER ON
PULSE OF ALL THINGS PROGRESSIVE,
THAT IS WHY HE WON THE ELECTION,
KUDOS TO OBAMA, THAT IS WHAT
MEDIA SAID WHAT OBAMA USED
FACEBOOK DATA.
THE IRONY HERE, HERE IS MARK
ZUCKERBERG SAYING, OH, NO, DON'T
REGULATE ME, I NEED ALL FIRST
AMENDMENT ADVOCATES HAVING MY
BACK.
WE'RE THINKING, YOU LEFT A LONG
TIME AGO, HE DOES NOT HAVE TRUE
FIRST AMENDMENT SPOKESPEOPLE WHO
ARE THE CONSERVATIVES HAVING HIS
BACK.
BUT THEY WOULD HAD HE NOT
DESTROYED THEIR COMPANIES AND
BUSINESSES THAT WERE MAKING
MONEY ON FACEBOOK.
CHARLES: A PIECE HA SAID OBAMA
TEAM DID WHAT CAMBRIDGE
ANALITICAD.
>> IS THERE A LINE THAT WE HAVE
TO DRAW AS CONSUMERS WE DON'T
PUT OUR SOUL INTO THIS.
>> HOW CAN PEOPLE BE SO STUPID
THIS THINK THAT ANYONE ON-LINE
IS SECURE, BITCOIN IS NOT
SECURE, FACEBOOK DEFINITE NOT,
ON-LINE BANKING IS NOT, THEY
HAVE ALL BEEN HACKED, HOW CAN
PEOPLE NOT UNDERSTAND WHATEVER
THEY PUT OUT THERE IS
VULNERABLE.
IT HAS TO COME RIGHT FROM THE
CONSUMER FIRST.
CHARLES: HAVING SAID THAT,
SHOULD WE GET A PIECE OF THE
ACTION?
BE ALLOWED TO AT LEAST BENEFIT
FINANCIALLY IF THEY ARE SELLING
OUR DATA.
>> THAT COULD BE A GOOD WAY TO
GO.
THIS IS BIG -- DATA IS BIG