Mark Zuckerberg is being grilled by congress asking all sorts of questions about his Facebook social media company that has made him a paper billionaire when in fact little of this website s of any value despite the large amounts of subscribers. Mark Zuckerberg is sitting in congress explaining why his company is selling personal data to third parties and what exactly is the business plan and how Facebook makes money. My brother got really defensive claiming Facebook is not a monopoly and any other joe scmo can form their own social media company. One Louisiana Republican named JackKennedy in fact told Mark that Facebook user agreement sucks as does his website. However many of these older congressmen seemed like they didn't know two bits of Facebook and what it does and this is part of the problem as many of these large tech companies attempt to extract money through peoples personal information most of whom which not to share. Facebook sells and make money form advertising he claims but advertisers waste their money on this site as few pay any attention to the ads as subscribers paid attention to the user agreement contract when signing onto Facebook.
Mark Zuckerberg as an autocratic plutocrat has nevr had to answer for anyone and this was a new experience for him. Mr Zuckrberg was humbled I beleive and tried his best to defend his practices and Facebook as an entity despite the overwhelming evidence Facebook plays in helping third parties like Cambridge Annaltica that could be selling and sharing data for God knows what. Lawmakers threatened regulation which is needed on my brother's company as tings have got out of control and there has been no liability for the actions of Facebook and its CEO and autocrat Mark Zuckerberg as shareholders have absolutely no power for change in Facebook. The role of social media and Facebook in identity theft was also bantered about and Mark admitted Facebook offers little protection form this occurring and more and more people learned the last two days the risks pose with putting any information about oneself onto Mark Zuckerberg's awful MySpace site.
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