THE JUSTICE DEPARTMENT SAYS ALL
NINE HEARING ARE IN IRAN.
THEY ARE SOMEWHAT LIKE RUSSIAN
HEARING, THEY DON'T SEEM TO BE
EXTRADITABLE.
CONGRESS ASKING ZUCKERBERG TO
TESTIFY ON CAPITOL HILL.
HE SAID HE'LL TESTIFY ONLY IF
HE'S THE CORRECT PERSON TO DO
SO.
JOINING US, CYBER-SECURITY
EXPERT MORGAN WRIGHT AND DEIRDRE
BOLTON.
HE WAITS FIVE DAYS TO OPEN HIS
MOUTH.
THEN SAID NOTHING.
DOESN'T EVEN APOLOGIZE.
HE HAS TO DO THAT DAY TWO OF THE
NON-APOLOGY.
HE AND CHERYL SAND BERG WHO IS
SUPPOSED ZOOMS TO BE THE ADULT
IN THE ROOM, THEY ARE THE TWO
BIGGEST LOSERS.
DEIRDRE: DOES IT MAKE YOU FEEL
BETTER THAT HE LOST $10 MILLION?
>> NOT A BIT.
DEIRDRE: THIS DATA BREACH WITH
CAMBRIDGE ANALYTICA WAS THE
SECOND BIG STRIKE FOR FACEBOOK.
THE FIRST ONE BEING IN THE RUNUP
TO OUR PRESIDENTIAL ELECTION.
MORE THAN HALF OF THE U.S.
VOTING POPULATION SAW AN AD THAT
WAS CREATED BY OR MANIPULATED BY
RUSSIAN BOTS.
LOU: THE ONLY PROVED
COLLABORATION WITH THE RUSSIANS
BELONGS TO FACEBOOK AND TWITTER.
I THINK ISSUE NUMBER ONE WAS THE
2012 ELECTION IN WHICH
ZUCKERBERG, SANDBERG AND
FACEBOOK GOT BEHIND THE
CANDIDACY OF BARACK OBAMA.
THEY TOOK SIDES AND NOBODY SAID
A WORD.
DEIRDRE: AT THIS WORD THEIR
CREDIBILITY AS BUSINESS LEADERS
IS BEING QUESTIONED.
AT THIS POINT THEY NEED TO HIRE
MORE ENGINEERS.
THEY NEED TO HIRE MORE HUMANS
THAT WILL EAT INTO THEIR PROFIT
MARGINS.
HE'S GOING TO GO TO CAPITOL
HILL.
THE NEW YORK A.G. HAS STARTED AN
INVESTIGATION.
THERE ARE TWO CLASS ACTION
LAWSUITS, ONE FROM USERS AND ONE
FROM INVESTORS.
THIS IS EARLY DAYS.
BUT THEY HAVE A BIG PROBLEM.
LOU: WHAT IN THE WORLD WOULD ANY
COMPANY BE THINKING?
I HAVE TO SAY TO FOLKS -- I
THINK THAT WE CAN FIND SEVERAL
OTHER EXAMPLES OF HEINOUSLY
COWARDLY MANAGEMENT.
BUT RIGHT NOW IN THIS MOMENT
FACEBOOK IS WHAT'S TERRIBLE.
>> ONE THING I WILL TELL YOU,
FROM A PURE SECURITY STANDPOINT
FACEBOOK DOES AN EXCELLENT JOB.
THIS IS A POLICY AND GOVERNANCE
ISSUE.
WHAT OTHER POLICIES AND HOW DO
WE ENFORCE THAT?
WE HAVE A NEOPHYTE ORGANIZATION.
IT WASN'T A NEOFIGHT DURING THE
ELECTION.
WE HAVE A RUSSIAN COUNTRY WITH
100 YEARS INFLUENCE OPERATIONS.
WHERE WAS OUR OWN GOVERNMENT IN
SHARING INFORMATION SO WE COULD
PREVENT THIS INFORMATION FROM
GOING ON.
THEY HAD FAILED ON THE PRIVACY.
LOU: THEY FAILED ON PRIVACY,
THEY FAILED ON SECURITY, THEY
HAD FAILED ON INTEGRITY AND
BASIC COURAGE THAT IS REQUIRED
OF ANY GREAT BUSINESS LEADER.
ZUCKERBERG LOOKS TERRIBLE HERE.
THERE IS NO WAY TO RATIONALIZE
RATIONALIZE -- IT.
YOU GUYS ARE FAR MORE
EXPERIENCED THAN I AM.
IT DOESN'T MATTER WHAT YOU
ENGINEER, YOU CAN EVENING NEAR
THE BEST ANYTHING WORLD IN THE
DEPARTMENT OF DEFENSE THEY
ENGINEERED TOTAL INFORMATION
AWARENESS.
ADMIRAL POINDEXTER.
WE NOT WAS THE GREATEST THING.