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SAN FRANCISCO/WASHINGTON – Facebook Inc (FB.O) Chief Executive Mark Zuckerberg will strike a conciliatory tone on Tuesday in testimony before Congress in an attempt to blunt possible regulatory fallout from the privacy scandal engulfing his social network.
The 33-year-old internet mogul is scheduled to appear at 2:15 p.m. (1815 GMT) before a joint hearing of the U.S. Senate’s Commerce and Judiciary committees.
Zuckerberg, who founded Facebook in his Harvard University dorm room in 2004, is fighting to demonstrate to critics that he is the right person to go on leading what has grown into one of the world’s largest companies.
Facebook faces a mushrooming crisis of confidence among users, advertisers, employees and investors after acknowledging that up to 87 million people, mostly in the United States, had their personal information harvested from the site by Cambridge Analytica, a political consultancy that has counted U.S. President Donald Trump among its clients.
Zuckerberg, who has never testified in a congressional hearing, said in written testimony on Monday that he had made mistakes and had held too narrow a view of the social network’s role in society.
“Now we have to go through every part of our relationship with people and make sure we’re taking a broad enough view of our responsibility,” he said.
Facebook hired several outside consultants to help coach Zuckerberg, even holding mock sessions to prepare him for questions from lawmakers.
In an olive branch on Friday, Zuckerberg threw his support behind proposed legislation requiring social media sites to disclose the identities of buyers of online political campaign ads.
U.S. lawmakers have discussed legislation that would strengthen data privacy protections and enforcement. Tighter regulation of how Facebook uses its members’ data could affect its ability to attract advertising revenue, its lifeblood.
Some 40 senators out of the 100-member Senate sit on the two committees holding Tuesday’s hearing, setting up a possibly marathon hearing.
To ease the way, Zuckerberg on Monday met some lawmakers privately, listening to their concerns before they will have a chance to interrogate him in public.
Zuckerberg appeared willing “to turn things around where he sees mistakes that have been made,” Senator Bill Nelson, the top Democrat on the Senate Commerce Committee, said after meeting with the CEO.
Facebook’s previous emissary “was a silver-tongued devil” who “said nothing,” Republican Senator John Kennedy said on CNBC on Monday. Kennedy said he planned to ask Zuckerberg about antitrust enforcement and its acquisition of rivals.
Zuckerberg will get a second dose of questioning on Wednesday from the U.S. House Energy and Commerce Committee.
His perch atop Facebook is assured as long as he wants it, given that he remains its controlling shareholder.
But his reputation has suffered as television comedians have mocked his perceived robotic speaking patterns and allegedly cavalier attitude toward privacy.
Shares in Facebook are down more than 14 percent since the Cambridge Analytica scandal broke last month.
Categories: World News