Dorsey and Sandberg Head to Hill to Defend Social Platforms
*By Carlo Versano*
Twitter CEO Jack Dorsey and Facebook's operating chief Sheryl Sandberg head to Capitol Hill Wednesday, but the hearing may be more about who's absent rather than who's there.
"There's somebody missing from this conversation, and that would be Google," said Washington Post tech reporter Tony Romm.
Dorsey and Sandberg will answer to members of the Senate Intelligence Committee and address Russian interference before Dorsey goes back-to-back with the House in a hearing probing whether Twitter is actively censoring certain political views (Twitter has [said](https://www.washingtonexaminer.com/news/twitter-ceo-jack-dorsey-denies-company-censors-content-based-on-ideology) the platform has not). This will be the first time on the Hill for both executives.
"It's all happening at a time when lawmakers are increasingly concerned that social media giants haven't done enough to clean up their acts," Romm said Tuesday in an interview on Cheddar.
Google has not offered its CEO Sundar Pichai or Larry Page, the chief of parent company Alphabet. Google instead offered Kent Walker, a lower-rung senior VP of global affairs and chief legal officer, but the Senate committee [demured](https://www.wired.com/story/mark-warner-senate-committee-hearing-google-facebook-twitter/), so it's possible that Wednesday's hearings will produce a striking image of Sandberg and Dorsey sitting next to an empty chair.
Romm said he expects it will be a day of "huge PR hits" for Google.
"From the perspective of the Senate Intelligence Committee, that wasn't enough," said Romm of Google's offering.
Google, for its part, has argued that it's ready and willing to dispatch employees with the most knowledge about a given subject ー and in this case, that may mean Walker. But lawmakers want CEOs and decision-makers.
"That's where the buck stops," Romm said.
For full interview [click here](https://cheddar.com/videos/facebook-twitter-executives-to-face-capitol-hill-grilling).
Identity verification startup Socure recently raised $450 million dollars in a series E round, bringing the company's valuation to $4.5 billion. Socure says it is now the highest-valued private company in the identity verification space, and that the funds will be used to accelerate its mission to verify 100% of good identities and eliminate identity fraud across all industries. Socure Founder and CEO Johnny Ayers joins Cheddar News' Closing Bell to discuss.
With more companies offering employees flexibility in work schedules, Airbnb is looking to accommodate flexible travel plans. Chief Strategy Officer Nathan Blecharczyk joined Cheddar to discuss the growing trend of people staying in Airbnbs for longer periods of time. "In December over the holidays, in North America, we are seeing a 68 percent increase in the demand for month-long stays relative to years past," he said.
Coinbase reported third quarter earnings yesterday and revenue did not at all meet estimates, with the company saying that it also saw a staggering decrease of about 1.4 million customers in comparison to the previous quarter. This comes in the same week where bitcoin and ethereum, two of its most important digital assets hit record highs. Martin Gaspar, research analyst at CrossTower explains how a soft crypto trading quarter contributed to the less-than-ideal revenue outcome.
John Jannarone, Editor-In-Chief at IPOedge.com, joined Wake Up With Cheddar to discuss Riivian ahead of its public debut on the Nasdaq, as investors gear up for the biggest IPO for a U.S. company since Facebook.
Iran is continuing to crack down on illicit bitcoin mining in the Islamic Republic after 227 mining rigs were seized. Businesses looking to run legal bitcoin mining operations have had to seek approval since 2019.
DoorDash is set to acquire European-based food delivery company Wolt in an $8.1 billion deal. Ann Berry, chief investment officer at media platform Wheelhouse, joined Cheddar to discuss how this positions DoorDash in the prepared food and potentially the grocery delivery space. "I do think that what DoorDash is trying to be thoughtful about now is how to take that there's been a shift in consumer behavior in terms of mobile ordering and delivery and try and apply it to other categories," she said, also pointing to its partnership with beauty supply company Ulta.
The Biden Administration has issued a new order aimed at all federal agencies which would order them to patch hundreds of cybersecurity vulnerabilities. Chief Evangelist at Intrusion Gary Davis and Chief Security Advisor at SentinelOne Morgan Wright, joined Cheddar to discuss more.
Tatenda Musapatike, Founder of the Voter Formation Project and former Political Ad Specialist at Facebook, joined Cheddar to discuss the outsized role social media plays in politics.
Amazon founder Jeffrey Bezos took to the stage at the U.N.'s COP26 Climate Summit to unveil a new plan to combat climate change, but some say it might do more harm than good. Justine Calma, Science Reporter at The Verge, joined Cheddar to discuss.
