“We are calling you here today ... to examine these alarming reports,” said GOP Rep. Greg Walden of Oregon, chairman of the House Energy and Commerce Committee. Zuckerberg testified before the committee on his final day on Capitol Hill — after five hours on Tuesday before a joint hearing of the Senate’s commerce and judiciary committees. Facebook’s stock remains 10 percent below where it stood before the scandal, a decline that has wiped out about $50 billion in shareholder wealth. Zuckerberg, who in 2004 co-founded Facebook from his Harvard dorm, began his week by meeting privately Monday with senators and making behind-the scenes apologies. While the freewheeling tech industry largely is opposed to burdensome government regulations, Zuckerberg already had appeared open to at least some changes.

Source: Fox News April 11, 2018 14:42 UTC