*By Alisha Haridasani and Jacqueline Corba* European lawmakers aggressively questioned Facebook's CEO Mark Zuckerberg on Tuesday, indicating they may consider further restricting the social media company's unchecked growth and regulating its business practices. Zuckerberg, meeting publicly with members of the European Parliament in Brussels, again apologized for the company's failure to protect the personal data of millions of Facebook users from a third-party app that shared their information with the British research firm Cambridge Analytica. "We haven't done enough to prevent these tools from being used for harm," Zuckerberg said Tuesday, echoing the apology he offered Congress in testimony last month in Washington. "That was a mistake." But European lawmakers were even more confrontational than their American counterparts, piling questions on Zuckerberg over Facebook's failure to combat fake news, thwart foreign interference in democratic elections, and limit the access of private data collected from its users. "They asked very intelligent questions that were drawn from the hearings in the Senate and the House of Representatives, building on them in very interesting ways," said Adi Robertson, a senior reporter for The Verge. A German member of the European Parliament asked pointedly about Facebook’s market share, and whether it should be subject to [antitrust regulations](https://www.c-span.org/video/?446000-1/facebook-ceo-mark-zuckerberg-testifies-eu-lawmakers), a common theme in Tuesday's questions. “It is time to discuss breaking Facebook’s monopoly because it’s already too much power in only one hand?” said Manfred Weber, the head of the European Parliament’s majority party, the European People's Party. Guy Verhofstadt, a Belgium leader of the Alliance of Liberals and Democrats for Europe, suggested the company should consider splitting up WhatsApp, Instagram, and Facebook Messenger. “Could you or would you cooperate with the European antitrust authorities?” he asked Zuckerberg. This line of questioning about Facebook's monopoly position was very "aggressive," said Roberson. After all of the lawmakers asked their questions, Zuckerberg chose a few to answer at the end of the session, and he vowed to respond to the rest with written statements. With so many of their questions unanswered and no time remaining, the meeting bizarrely descended into back-and-forth bickering among lawmakers over the flawed format of the hearing. "It seems like even people who were there on the floor were sort of baffled by the choice of panel," said Robertson. Zuckerberg's questioning took place days before Europe’s General Data Protection Regulation, or GDPR, goes into effect. The new law, one of the most sweeping privacy protection laws in the world, requires all companies to share how online user data is used and offer users the option to delete their data. Companies that fail to comply can be fined up to 4 percent of their global revenue. Zuckerberg said Tuesday that Facebook would extend to users elsewhere in the world the same data privacy protections that European citizens will have under the new law. “At the heart of Europe’s new data protection law, the GDPR, are three important principles: control, transparency, and accountability,” he said. “We’ve always shared these values.” For the full interview, [click here](https://cheddar.com/videos/zuckerberg-testifies-to-european-parliament).

Share:
More In Technology
Could 2022 Be the Year Average Consumers Are Exposed to Crypto Transactions?
As the popularity of Bitcoin and other digital tokens grew this year, more financial institutions and payment apps added ways for customers to trade or make payments using cryptocurrency. Meanwhile, companies like theater chain AMC started accepting major cryptocurrencies for tickets and concessions, and retailers are rumored to be entering the space soon. What does this mean for cryptocurrency's wider adoption — and will 2022 be the year that the average consumer is exposed to digital coin payments on a regular basis? João Almeida, Co-Founder and CTO of OpenNode joins Cheddar News' Crypto Craze: The Year of the Token to discuss.
Bitcoin Set Up for Success in 2022, Altcoins Could Gain in Popularity
Bitcoin had a successful 2021: reaching a new high of nearly $70,000, a $1 trillion market cap, and becoming legal tender in El Salvador. Investors also got the chance to invest in three Bitcoin futures-backed ETFs once they were approved. These developments set up the world's best-known digital coin for more success in 2022, but could altcoins like Ethereum, Litecoin, and others move into the top spot or impact Bitcoin's value? Matt Hougan, CIO of Bitwise Asset Management, joins Cheddar's Crypto Craze: The Year of the Token to discuss his 2022 outlook for Bitcoin, whether we could see an ETF backed by a physical coin, and more.
Crypto Craze: Historic 2021 Campaign Paves Way for Continued Mainstream Adoption
Coming off a 2021 campaign where the prices of Bitcoin, Ether, and other cryptocurrencies reached unpreceded levels, Bitwise Asset Management CIO Matt Hougan and OpenNode Co-Founder & CTO João Almeida join Cheddar News' Crypto Craze: The Year of the Token to discuss the ways the crypto market can soar even higher in 2022.
Metaverse an Opportunity for Brands to 'Stay Refreshed' in Evolving Landscape
Howard Yu, LEGO professor of management and innovation at IMD Business School and author of "Leap: How to Thrive in a World Where Everything Can Be Copied," joined Cheddar to discuss the mania surrounding the concept of the metaverse. He particularly noted how companies in the retailing sector like Nike are leveraging it. "I think metaverse really opens up a window for brands to think about how can they, ongoing-wise, engage with the consumer, engage with the target audience, so their brand continues to stay refreshed in the changing environment," Yu said.
Year in Review: Best Tech Gadgets in 2021
2021 was no walk in the park for the tech sector. However, despite the industry dealing with worldwide chip shortage and supply chain crisis, many companies managed to push innovations forward. All these innovations are also expected to accelerate its coolness in 2022. Editor at Large at CNET Ian Sherr, joined Cheddar to discuss more.
Tornado's 'Learn and Earn' Program Rewards Educated Users
The mobile brokerage app, Tornado, says its the first investing platform that combines next-level tools and resources with hyper-tailored investing news. The more you engage within the app, the more intelligent of an investor you'll be, and the more you'll gain from the experience. 'Learn and earn,' the latest feature of the app serves to do just that, as it pays users to learn how to invest. CEO and co-founder of Tornado, Bernard George, joins Cheddar News to discuss.
Load More