Rep. Debbie Dingell (D-MI) on What Facebook Regulation May Look Like
Mark Zuckerberg’s two marathon days of Congressional hearings, at the very least, may have shifted the conversation around regulation from a possibility to an inevitability.
While the Facebook CEO kicked off his House committee hearing Wednesday with the same opening statement he gave the Senate a day earlier, there were some revelations.
Zuckerberg admitted his own data was exposed to Cambridge Analytica and that Facebook does collect information on people who aren’t even Facebook users.
At the start of the week, there were still a lot of questions over whether regulation would actually happen. But after the two hearings, the tone shifted to what that regulation should look like.
Rep. Debbie Dingell (D-MI), who sits on the House committee that questioned Zuckerberg Wednesday, spoke to Cheddar before the hearing. She said the Honest Ads Act, which is meant to make online political ads more transparent and was brought up repeatedly at the hearings, “is just the beginning.” She pointed to European privacy laws as potential models legislators could follow.
“Yes, cultures are different,” she acknowledged, “but there are some very basic things there that I think we need to be looking at in the United States as well.”
Recent legislation in Europe, which goes into effect later this year, will force companies across industries to reveal what data they are collecting on customers and how they use it, as well as to notify users when their information has been breached. Policies to counter hate speech in the EU require companies to remove instances within a 24-hour time frame.
That particular point, though, could run up against the First Amendment in the U.S., according to The New Yorker’s contributing editor [Andrew Marantz](https://cheddar.com/videos/will-the-u-s-adopt-european-style-regulation).
The onus now lies on lawmakers to take what they may or may not have learned from Zuckerberg’s hearings and draw up appropriate regulations.
“The fact that we’re talking about this at all is a big shift,” said Marantz. “It does seem like we’re much closer to this kind of regulation being passed than we ever have been before.”
For full interview, [click here](https://cheddar.com/videos/rep-debbie-dingell-d-mi-previews-zucks-house-testimony).
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
Author of 'Clean Meat,' Paul Shapiro joins Cheddar to discuss how the cellular agricultural revolution helps lower rates of foodborne illness and greatly improves environmental sustainability. Plus, how his company The Better Meat Co. is bringing healthier food options to the table.
Recent headlines might make it sound like World War III is imminent, but when it comes to your finances, it's not the time to panic. The market is coming off its longest winning streak since 2011.
You may have noticed fewer new venture capital-backed startups (like Airbnb or Uber) lately. The market slowed to a crawl after 2021, but things are expected to take off again in 2025.
Corporate earnings season is underway, that time when companies share their billions in sales or double-digit profits. But the data shows even companies are struggling with high inflation and interest rates.
Boeing continues their terrifying trend of having their planes fall apart mid-flight, inflation — checks notes — is still up and the future of AI looks terrifying. Cheery!