Zuckerberg defends Facebook's business model as hearings end


Facebook founder Mark Zuckerberg emerged largely unscathed on Wednesday  from two days of high-stakes hearings that saw US lawmakers grill the billionaire over how the online giant feeds users' data to advertisers .

The marathon 10 hours of questioning was one of the biggest spectacles in Congress in recent memory.

The 33-year-old CEO conceded that some regulation of social media companies is "inevitable," while offering a laundry list of reform pledges at Facebook and vowing to improve privacy and security.

But he stiffly defended Facebook's business model - specifically the way it uses data and postings from the 2.2 billion users of its free platform - calling it necessary to attract ad revenue the 480 billion US$’company depends on.

Make a Comment
Make a Comment