Mark Zuckerberg told investors that regulation is the best cure for the tech backlash, just hours after the company was slapped with a $5 billion FTC fine

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Facebook CEO Mark Zuckerberg is worried the tech backlash is going to keep on growing — unless there's regulation put in place.

The FTC has hit Facebook with a $5 billion fine over privacy issues. Later the same day, Facebook announced its Q2 earnings, and CEO Mark Zuckerberg took the opportunity to discuss regulation. He told the analysts on its earnings call that he's worried that if tech doesn't get more regulated, backlash against the industry is going to continue to grow. Earlier in the day, Zuckerberg told Facebook employees that the company was committed to change.

The FTC has hit Facebook with a $5 billion fine over privacy issues. Later the same day, Facebook announced its Q2 earnings, and CEO Mark Zuckerberg took the opportunity to discuss regulation. He told the analysts on its earnings call that he's worried that if tech doesn't get more regulated, backlash against the industry is going to continue to grow. Earlier in the day, Zuckerberg told Facebook employees that the company was committed to change.

 

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Is he nuts!!!!

its best because he has no idea what he's doing. what would really be best is getting a new CEO

i get put in fb jail at least once a month for a month, the repugs and religious cant seem to not go tattle, reality is hard for them

Probably using Game Theory there

Bust up the big tech robber baron oligarchy.

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