Should Mark Zuckerberg be Facebook's chairman and CEO? Some investors say no

16 April, 2018, 11:44 | Author: Sammy Rose
  • Should Mark Zuckerberg be Facebook's chairman and CEO? Some investors say no

U.S. Rep. David McKinley, R-W.Va., questioned Facebook CEO Mark Zuckerberg about the advertisements when Zuckerberg was before the House Energy and Commerce Committee on Wednesday.

Nevertheless, Zuckerberg was light on details about how Facebook would better police political ads, according to University of North Carolina Professor Daniel Kreiss.

"In essence Mr. Zuckerberg is not accountable to anyone". The incident wiped off billions from Zuckerberg's wealth while Facebook's stock prices slumped in a week.

Last week, in a session with the USA lawmakers, the 33-year old Zuckerberg admitted that he took the blame for the data scrape and emphasized that user privacy is of utmost importance to the firm. Inexplicably, Zuckerberg tried to say he wasn't completely sure about Facebook's data collection policies, and one of his underlings could follow up later.

Facebook users who downloaded their data from the service last month were surprised to find years-long logs of so-called "metadata" from their text messages and phone calls, including names and phone numbers. "They are already having conversations about how they cannot only make sure their current systems better protect user privacy and autonomy, but how artificially intelligence systems they are using can have ethical alignment built in by design", said Ms McEvoy.

Chemical inspectors launch probe in Syria after Western strikes
Russian and Iranian military help over the past three years has allowed Assad to crush the rebel threat to topple him. The Pentagon has said the strikes successfully hit the three chemical weapons facilities which were targeted.


Arab leaders meet to unify ranks with eye on Iran, Jerusalem
Custodian of the Two Holy Mosques King Salman has already arrived in the Eastern Province to chair the summit. Saudi Arabia's push for a tough stand against Iran is expected to dominate the summit.


Investigators seize $700K worth of counterfeit makeup in LA's fashion district
KTLA-5 reported six people were arrested and its anticipated they'll face a charge of "trademark violations of major brands". Reina ended his tweet with "The best price is not always the best deal!" "The price pretty much tells you".


Last week, Facebook CEO Mark Zuckerberg tried to reassure Capitol Hill that his social network is clamping down on outfits like Cambridge Analytica, which obtained the private information of as many as 87 million users while working for President Trump's 2016 campaign.

"We know that drug dealers, doctors and pharmacists running pill mills, and distributors in the pharmaceutical industry are responsible for the scourge of the opioid epidemic, but when it was brought to our attention that these drugs are being sold on Facebook, we needed to take steps to address it", McKinley said in a statement Friday. Cambridge Analytica is a United Kingdom based political consultancy hired by the 2016 Trump campaign. Inside Facebook, Sandberg runs point, marshaling company resources and assembling SWAT teams to make good on promises Zuckerberg made to Congress and Facebook users. This fact should raise questions about other mediums that have access to our information that we are unsuspecting of, like Facebook applications.

"Coming out of the Cambridge Analytica scandal as it were, I don't think it is as sinister as the media and the congress and the senate in the U.S. are portraying it to be". FB, the $480 billion, 4th largest corporate giant in the world, generates $40 billion in advertising a year by trading data about the personal lives and preferences it has harvested from account holders.

People seem to be taking notice of how closely they're being targeted by marketers using Google and Facebook's tools. Facebook brags to advertisers that it can provide "cross device" targeting, as it is called.

"The biggest growing segment for these social media platforms is the youth, and they grew up with this, so they know all their data is being collected, and they know they don't have privacy", said Detert. So it was a theoretical "yes" by Zuckerberg for more internal regulation; and another "yes" for more investment in artificial intelligence (AI) to detect security breaches and fake news. If I go to the Toys R Us site or Babies R Us site looking for little tykes outdoor swing sets, I go back on fb. ads come up on my page and many other things I have searched. Only a dramatic data diet can curb the worst downsides of Facebook.

Recommended:

  • How Jurgen Klopp kept Liverpool focussed for Bournemouth match

    How Jurgen Klopp kept Liverpool focussed for Bournemouth match

    Wow!" exclaimed manager Jurgen Klopp on hearing Salah is the first Liverpool player since Ian Rush 31 years ago to score 40 in a season.
    Facebook should support privacy protections

    Facebook should support privacy protections

    The incident wiped off billions from Zuckerberg's wealth while Facebook's stock prices slumped in a week. In the end, despite Zuckerberg's protests, Facebook feels like it pretty much has the monopoly.

    IPL 2018: KKR to take on Sunrisers Hyderabad in Match 10

    The master-blaster was clearly just warming up, unleashing his devastating power on the Sunrisers bowling attack. Sunrisers Hyderabad defeated Kolkata Knight Riders in a fairly one-sided affair at the Eden Gardens on Saturday.
  • New Solo: A Star Wars Story Spot Is Exciting And Hilarious

    New Solo: A Star Wars Story Spot Is Exciting And Hilarious

    The previous Solo trailers seemed to dance around actor Alden Ehrenreich's portrayal of everyone's favorite Star Wars smuggler. Star Wars fans will definitely appreciate when Solo tells Chewie, "You think everything sounds like a bad idea".
    Pochettino says Kane will learn from goal-gate controversy amid criticism

    Pochettino says Kane will learn from goal-gate controversy amid criticism

    I think Harry is a very honest person, he's not going to lie about this situation. If it was me and I touched the ball I would try and claim it as well".
    Kansas woman found guilty of killing 2 year old girl

    Kansas woman found guilty of killing 2 year old girl

    The woman in her complaint told police that she had come in contact with her neighbour and they became friends a year ago. Police are questioning Kuldeep's family members to know his whereabouts.
  • ETHLend (LEND) Price Reaches $0.0585 on Exchanges

    ETHLend (LEND) Price Reaches $0.0585 on Exchanges

    During the last week, ERC20 has traded 8.6% lower against the USA dollar. 200 days ago PFR traded at $0.00 (non existent). One ERC20 token can now be bought for about $0.0002 or 0.00000003 BTC on exchanges including EtherDelta and IDEX.
    Donald Glover Will Host & Perform On May 5

    Donald Glover Will Host & Perform On May 5 "Saturday Night Live"

    The show will return with a new episode on May 5, and NBC just revealed the celebrity scheduled for that episode. Donald will be hitting the big screen in the upcoming Star Wars spinoff Solo: A Star Wars Story on May 25.
    We are fans and critics of our own work: Robert Downey Jr

    We are fans and critics of our own work: Robert Downey Jr

    He was the one who provided them with a safer shelter when the rest of them couldn't figure out how they will deal with Ultron. But there's an intriguing answer out there that has just reared its head thanks to one of the minds behind Infinity War .
  • Americans have two extra days to file their income taxes this year

    Americans have two extra days to file their income taxes this year

    If a taxpayer is requiring more time to file taxes, they can apply for a 6-month extension by filling out Form 204 by Tuesday. Thanks to the calendar and a law that prohibits tax deadlines from being on holidays, you have two extra days to file.
    2-day-old baby girl flushed down toilet

    2-day-old baby girl flushed down toilet

    Seeing the colour of the blood, the domestic worker mistook it for muddy water, ' the cops were quoted as saying by the TNM. It is, reportedly, being suspected that her parents came to the clinic on the pretext of consultation and flushed the baby.
    Trudeau vows financial backing, legislation to save Trans Mountain pipeline

    Trudeau vows financial backing, legislation to save Trans Mountain pipeline

    One thing that didn't happen, she said, was a promise or threat by Trudeau to withhold federal transfer payments to B.C. But the three were still unable to agree on the method of moving diluted bitumen from Alberta to the port of Vancouver.


Popular

If Syria uses toxic gas again, United States 'locked and loaded': United Nations envoy
After meeting with him in Damascus, he revealed what Assad really did following the attack. Trump suggested Friday's action will be more robust than last year's one-off.

Shark attack suspends elite surfing competition in Australia
A man has been airlifted to Royal Perth Hospital with apparent leg injuries after he was bitten by a shark near Gracetown . The World Surf League have tweeted that they will be putting the World Surf League on hold as a result of the incident.

WhatsApp Android beta fixes the mysterious timestamp bug
The report also adds that even though the files are saved on the server they still come with end-to-end encryption. It has chose to store all the messages and multimedia content on its server even if it is downloaded by the user.

Unnao rape: CBI makes second arrest; Sengar sent to seven-day custody
He alleged that pointing fingers at others while protecting its own was the character of the Congress party. It is in the best interest of all, they say, that those with any links to the party remain away.

Manchester City Crowned Premier League Champions After United Falter
Juan Mata echoed comments from Mourinho, accepting United were far below the required standard in defeat to West Brom . He is the first Spanish manager to win the Premier League title - a prize he says is the hardest to claim in Europe.

Lee Ermey from 'Full Metal Jacket' Dies at 74
Ermey's longtime manager announced the news via a tweet to Ermey's official Twitter account. He provided voices for characters in Disney Pixar's Toy Story and Spongebob Squarepants .

Giroud leads Chelsea fightback in 3-2 win at Southampton
After everyone was assured that the hosts had won the match, the Blues woke up and scored three goals in eight minutes. The Italian has come under criticism this season with Chelsea struggling to qualify for next year's Champions League.

Trump defends 'mission accomplished' use
Later Sunday, Trump sent a letter to congressional leaders informing them in writing of his decision to order the strike. In a series of tweets, Fleischer then laid out "the full story" of the infamous banner behind George W.

Two polls show Trump approval below 40%
The president said it's "hard to believe" he is at 50 percent in the Rasmussen poll , given all the "phony stories and Fake News". According to the poll, 34 percent of respondents strongly approve of Trump's performance, while 40 percent highly disapprove.

Shire plc (SHPG) EPS Estimated At $3.58 as of May, 1
With the firm's stock price now trading around $152.19, the firm has proven a solid track record of growth over the recent years. Gerdau S.A. (NYSE:GGB) recently saw its volume around 4.16 million shares and on average it trades 12.07 million shares a day.