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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
Tech

Facebook To Meet With Lawmakers on Cambridge Analytica Scandal

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Kirsten Korosec
Kirsten Korosec
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By
Kirsten Korosec
Kirsten Korosec
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March 20, 2018, 1:59 PM ET
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Facebook executives will brief lawmakers this week over revelations that Cambridge Analytica, a data analytics firm that worked for President Trump’s campaign obtained names, “likes” and other personal information on 50 million people.

The Hill was the first to report the scheduled meeting. The Senate Commerce Committee is expected to meet with Facebook officials on Wednesday.

Investigations have found Cambridge Analytica obtained unauthorized access to some 50 million Facebook accounts in a bid to target users with more effective political messages. The event has been called a data breach, but Facebook has argued that the information was technically captured “through legitimate channels,” but misused by Cambridge Analytica.

Facebook has said it ordered for the data, which was obtained in 2014, to be destroyed in 2015. The company later discovered that Cambridge Analytica had not deleted all the data. Cambridge still holds “most or all” of that data, according to reports from the New York Times.

The explanation has not appeased lawmakers or privacy advocates.

News of the meeting comes as pressure on Facebook CEO Mark Zuckerberg continues to escalate. At least two senators,Amy Klobuchar, D-Minn. and John Neely Kennedy, R-La.—have called for the Senate Judiciary Committee to convene a hearing, reported the Washington Post.

“While Facebook has pledged to enforce its policies to protect people’s information, questions remain as to whether those policies are sufficient and whether Congress should take action to protect people’s private information,” Sen. Klobuchar and Kennedy wrote in a joint letter to Chuck Grassley, chairman of the Senate Judiciary Committee.

The senators want Zuckerberg and executives from Google and Twitter to attend the panel.

Facebook officials have faced Congress before. Last fall, Facebook’s general counsel testified before a U.S. House of Representatives panel investigating possible Russian meddling in the 2016 U.S. election.

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