Zuckerberg: Maybe tech should face some regulations

Zuckerberg: Maybe tech should face some regulations
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Facebook chief executive Mark ZuckerbergMark Elliot ZuckerbergFight looms over national privacy law Facebook teaming with nonprofits to fight fake election news China may be copying Facebook to build an intelligence weapon MORE said on Wednesday that he’s open to having his company be regulated.

“Actually, I’m not sure we shouldn’t be regulated,” Zuckerberg said in an interview with CNN that represented some of his first public remarks since the Cambridge Analytica controversy plunged his company into crisis and led to calls for his testimony before Congress.

“I actually think the question is more ‘What is the right regulation?’ rather than ‘Yes or no, should it be regulated?’” Zuckerberg told CNN. 

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The Facebook CEO said that “he would love to see” new transparency regulations for political advertisements. Facebook has been criticized for a lack of transparency.

“If you look at how much regulation there is around advertising on TV, in print, you know, it's just not clear why there should be less on the internet,” he said.

Facebook and other tech firms have resisted legislative efforts in Congress to impose new regulations.

Late year, Sens. Amy KlobucharAmy Jean KlobucharSenate Democrats increase pressure for FBI investigation of Kavanaugh Election Countdown: Trump confident about midterms in Hill.TV interview | Kavanaugh controversy tests candidates | Sanders, Warren ponder if both can run | Super PACs spending big | Two states open general election voting Friday | Latest Senate polls GOP in striking distance to retake Franken seat MORE (D-Minn.) and Mark WarnerMark Robert WarnerKey House Dem's objections stall intel bill as deadline looms Russia docs order sets Trump on collision with intel community Hillicon Valley: North Korean IT firm hit with sanctions | Zuckerberg says Facebook better prepared for midterms | Big win for privacy advocates in Europe | Bezos launches B fund to help children, homeless MORE (D-Va.) introduced the Honest Ads Act, legislation that would hold internet platforms like Facebook to the same political ad disclosure standards as TV, radio and print political advertisements.

The bill has yet to gain traction in Congress. Even though Sen. John McCainJohn Sidney McCainTrump hits McCain on ObamaCare vote GOP, White House start playing midterm blame game Arizona race becomes Senate GOP’s ‘firewall’ MORE (R-Ariz.) has backed the bill, few Republicans have been willing to follow suit and publicly jump on board.

Facebook has faced intense scrutiny from critics, including lawmakers on Capitol Hill, since it revealed that the British research firm Cambridge Analytica improperly took data from 50 million Facebook users without those users' consent.

The company had previously been scrutinized for how Russian groups used its platform to attempt to influence the 2016 presidential election.