WASHINGTON: Facebook's chief executive, Mark Zuckerberg, will defend the social media company before a congressional hearing on Wednesday by saying it faces intense competition, justifying its acquisitions and pointing to China's growth as an internet superpower.
Zuckerberg's written testimony, made public on Tuesday, argues that the social media company became successful"the American way, by starting out with nothing and providing products that people find valuable."We compete against the companies appearing at this hearing, plus many others that sell advertising and connect people.
He will also remind lawmakers of the competitive threat US tech companies face from China, saying the Asian country is building its"own version of the internet focused on very different ideas, and they are exporting their vision to other countries."Zuckerberg also renewed Facebook’s call for government regulation. He has previously called for more laws in areas where the company has been criticized - such as harmful content in social media, election integrity and privacy.