Zuckerberg: Maybe tech should face some regulations

Zuckerberg: Maybe tech should face some regulations
© Getty

Facebook chief executive Mark ZuckerbergMark Elliot ZuckerbergButtigieg: Political leaders need 'some kind of literacy' to regulate tech giants Facebook restricts livestreaming in response to New Zealand attacks Hillicon Valley: WhatsApp issues fix after spyware breach | Pompeo warns Russia against interference | Florida gov confirms election hacking | Federal labor board's lawyer calls Uber drivers contractors | Graham zeroes in on 5G security 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. 

ADVERTISEMENT
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 KlobucharKlobuchar: 'Don't think' there are reasons to investigate Mueller probe's origins Klobuchar: Trump plan doesn't deal with 'comprehensive immigration issue' Buttigieg condemns 'voices on Fox' for spreading 'fear' and 'lies' ahead of town hall appearance MORE (D-Minn.) and Mark WarnerMark Robert WarnerOvernight Defense: Congressional leaders receive classified briefing on Iran | Trump on war: 'I hope not' | Key Republican calls threats credible | Warren plan targets corporate influence at Pentagon Key Republican 'convinced' Iran threats are credible Hillicon Valley: Trump takes flak for not joining anti-extremism pact | Phone carriers largely end sharing of location data | Huawei pushes back on ban | Florida lawmakers demand to learn counties hacked by Russians | Feds bust 0M cybercrime group 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 McCainPelosi receives John F. Kennedy Profile in Courage Award Romney: Trump 'has distanced himself from some of the best qualities of the human character' MSNBC host: Barr 'the most dangerous person' who works for Trump 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.