Involved in the Cambridge Analytica data-privacy scandal, Mark Zuckerberg testified at the U.S. Senate hearing. He apologized and offered his vision of the problem, though not providing a solution to an ever-increasing number of private data thefts. As expected, Zuckerberg agitated against tougher new regulation.
“We didn’t take a broad enough view of our responsibility, and that was a big mistake. It was my mistake, and I’m sorry,” said Facebook CEO in his appeal.
The company is currently traded at around $165 per share, up almost 5% since yesterday. The price surge is attributed to the peaceful nature of negotiations between the U.S. Senate and the company.