Summary of Day 2: Mark Zuckerburg, Facebook Advertising & US Congress

Summary of Day 2: Mark Zuckerburg, Facebook Advertising & US Congress

Today was a much longer 5 hour session with Mark Zuckerberg, Facebook Advertising & US Congress. Just to clarify CEO Mark Zuckerberg was there as a volunteer not by subpoena.

This was a session that tackled questions and concerns from US Congress on Facebook Advertising, Regulations, Inquiries and Ethics.

I’m going to start this with a quote:

“Everyone owns their own content online.”

This is what Mark Zuckerberg said when he was asked who owns their virtual selves. Once again, Zuckerberg stated that Facebook does not sell advertising data. He also highlighted that users must be permitted to request a full copy of their information, which they can download.

Next, he apologized for taking down the page ‘Diamond and Silk’. However the organic data on this page has decreased over time because of total changes in the Facebook algorithm and organic reach.

Facebook prohibiting race towards advertising was something they use to do in the past. You could exclude certain ethnic groups in your demographic searches and advertising campaigns, but they have fixed this and as any online business, they are growing and fixing themselves and making themselves better.

The ‘browser act’ Internet player obtain “opt-in” approval for the collection of sensitive information, was another topic quickly discussed. This is the ability for people to opt-in and opt-out of sensitive data collection of their own data.

Another senator and Mark Zuckerberg also encouraged more people to go into computer science and computer programmers.

 

 Sankt-Petersburg, Russia, April 1, 2018: Apple iPhone X with icons of social media facebook, instagram, twitter, snapchat application on screen. Social media icons. Social network

This Is Not a Facebook Only Issue

After comparing Facebook to Google and other search engines, one senator said:
“Your business model relys on consumer driven data, you’re not unique .”
Mark Zuckerburg responded with :
‘No congressman, ad based business models have been a common way to offer a free service for a long time’

Facebook Advertising Standards Biased for Politcal Agenda in Previous Election?

  1. Approved Facebook Ads from Trump Campaign : 5.9 million ads approved
  2. Approved Ads from Clinton Campaign : 66,000 ads approved
Was this inappropriately bipassed perhaps?

Other Problems That Need to be Solved By Facebook

Discussed ivory trade, privacy of IP from movies, commitment to getting rid of this.
Overall day two was long. I made it. Facebook is here to stay, Facebook Advertising is powerful, used for a lot of various things, businesses, communities and to connect.

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