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UKHotViews©

 

Thursday 12 April 2018

Zuckerberg testifies to Congress

FBZuckFacebook’s Mark Zuckerberg faced a second day of cross examination yesterday - this time by Congress. I tuned in live for half an hour and was amazed at how sycophantic many of the Congressmen/women were. Praising Facebook (‘My 80 year father loves it - see the photo I am holding up’) and Zuckerberg (‘you are a great example of the Great American entrepreneur’).

To be honest, we didn’t really learn much more than the previous session. See my previous post Zuckerberg testifies to Senate. Other than that Zuckerberg’s own Facebook account had been compromised by Cambridge Analytics. But it does now seem certain that the US will apply some regulation on Facebook. Indeed Zuckerberg confirmed (again) that the European GDPR rules would be applied to all Facebook users - including in the US.

But the damage has been done. Kathy Castor (one of the Congresswomen I saw live) said “We do NOT like to be spied on. Facebook has evolved to a place where you are tracking everybody. You are collecting data on just about anybody’. People around the world now understand that rather better. Some will be appalled and that just must affect whether and/or how they use Facebook in the future. In turn that will negatively affect how Facebook can ‘monetise’ your data.

CAI have already stated that I believe that Facebook has peaked. On TechMarketView we covered them from close to the start of the operations in the UK in 2007. I suspect that, ten years hence, Facebook might well be of limited import. A footnote in tech history.

And talking of Footnotes…

Footnote 1 - I commented on Zuckerberg’s attire on 10th Apr. Yesterday he changed to a dark blue tie but the shirt still looked as if it could do with an ironing. Surely, with his wealth, he could have afforded to look a bit smarter.

Footnote 2 - I was awaiting a message from Facebook to say if my own account had been compromised. It didn’t come. But you can check yourself at How to check whether your Facebook data was compromised by Cambridge Analytics . I did and it appears I was not affected.

Posted by Richard Holway at '07:27'

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