Facebook Inc. (NASDAQ:FB) Chief Executive Officer Mark Zuckerberg commented and answered questions at a meeting before the U.S. Senate Judiciary and Commerce committees on whether the social-media platform is doing enough to protect privacy of its users.
Facebook has come under fire after it emerged data from about 87 million profiles were harvested and passed onto Cambridge Analytica -- which was hired for Donald Trump’s election campaign in 2016 -- without permission from users.
2:56 p.m. EST
“We didn't take a broad enough view on our responsibility."
"I am responsible for what happened here. We didn't tak ea broad enough view of our responsibility and that was a big mistake. It was my mistake and I'm sorry."
"I started Facebook, I run it and I am responsible for what happens here."
"It will take time to make the changes necessary."
2:59 p.m. EST
"We're now conducting a full investigation of every single app that had access to this information."
"If we find they are doing anything improper, we will ban them from Facebook."
3:03 p.m. EST
"People would rather us to show relative content than not."
"In order to not run ads at all, we would still need some type of business model."
"We don't offer today an option for people to not see ads."
3:10 p.m. EST
"It was clearly a mistake to believe Cambridge Analytica."
"We've updated our policies to make sure we don't make that mistake again."
3:11 pm. EST
"I am committed to getting this right."
"We are developing AI tools that can flag content proactively."
"One of my top priorities in 2018 is to get this right."
3:17 p.m EST
"There will always be a version of Facebook that is free."
"Every piece of content you share on Facebook, you own. You can remove it at any time. That control is important."
"We provided support to the Trump campaign, just like any advertiser that asks for it."
"I don't know that our employees were involved with Cambridge Analytica."
3:30 p.m. EST
"I think everyone in the world deserves good privacy protection."
"The real queston is 'what is the right regulation?'"
3:48 p.m. EST
"One of the steps we need to do now is a full audit of Cambridge Analytica."
"I agree that we are responsible for the content."
"I think we have a broader responsibility than what the law requires."
4:09 p.m. EST
"We do not sell data to advertisers."
"I think we need to take a broader view about our responsibility around privacy."
"We consider ourselves to be a platform for all ideas."
"Our goal is not to engage in political speech."
4:35 p.m. EST
"We are going to verify locations, so that someone in Russia can't claim to be in the U.S. and run a political ad."
"We need to a better job at content control."
"We want our products to be valuable, and if they are valuable people tend to use them."
5:45 p.m. EST
"We do require permission to use the system and put information in it. Let me be clear, we do not sell information."
"Protecting minors and their privacy is extremely important."
"I'm not sure if we need a law" to protect children's privacy rights.
"Building AI tools is going to be the most scalable way to remove harmful content."
"We assume that a number of countries are trying to abuse our systems."
"We support the Honest Ads Act."
"The biggest thing I think we can do is implement it."
"This is an ongoing arms race."