ZUCKERBERG GRILLED OVER LIBRA, FALSE POLITICAL ADS, AND MORE | WHAT REALLY HAPPENED

ZUCKERBERG GRILLED OVER LIBRA, FALSE POLITICAL ADS, AND MORE

With an image of himself on a screen in the background, Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Zuckerberg testified about Facebook's proposed cryptocurrency Libra, how his company will handle false and misleading information by political leaders during the 2020 campaign and how it handles its users’ data and privacy. (Photo: Chip Somodevilla/Getty Images)

House Democrats challenged Facebook CEO Mark Zuckerberg on a number of issues Wednesday at a hearing focused primarily on the company's efforts to develop cryptocurrency—putting the social media executive on the defensive regarding Facebook's position on the limits of free speech in political advertising, its labor practices, and critics' claims that the company supports housing discrimination.

Facebook spent more than $12 million in the first nine months of 2019 to lobby the federal government to win approval of Libra, its proposed cryptocurrency, and to fight growing calls that the company should be broken up. Zuckerberg was called to appear before the House Financial Services Committee to explain why lawmakers and the public should trust Facebook.

Committee Chairwoman Maxine Waters (D-Calif.) opened the hearing by accusing Zuckerberg of ruthlessly pursuing more power through Facebook, which is now used by about a third of the world population, at the expense of its users' privacy and other rights.

"Perhaps you believe you're above the law, and its appears that you are aggressively increasing the size of your company and are willing to step on or over anyone—including your competitors, women, people of color, your own users, and even our democracy to get what you want," said Waters. "Given the company's size and reach it should be clear why we have serious concerns about your plans to establish a global digital currency

Webmaster's Commentary: 

Of COURSE, he believes he is "ABOVE THE LAW"; however, this thought is nothing new for our alleged Congressional Representatives in DC, who claim that they work for the American People, when they are actually reach to amass more political and financial fealty for themselves.

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