Congress questions Zuckerberg on data, privacy, and business model
Congress asks Zuckerberg about data storage, privacy, and advertising revenue. Zuckerberg promises privacy changes and discusses free business model.
00:00:00 Congress asks Zuckerberg about the number of data categories Facebook stores and how much data is stored for each user.
Facebook collects about 96 data categories for its 2 billion active users.
This amounts to 192 billion data points being generated.
Unclear whether Facebook stores all of the collected data.
00:01:04 Zuckerberg answers questions on data privacy, denies ability to breach data, promises changes to protect privacy, and confirms data deletion upon account termination.
🔑 Senator asks Zuckerberg if Facebook has the ability to delete user data.
🙈 Congresswoman questions Zuckerberg about changing Facebook's business model to protect privacy.
✋ Senator asks if deleting Facebook account leads to removal of user information from third parties.
00:02:09 Congress asks Zuckerberg confusing questions about Facebook's data use and advertising revenue.
📱 Contrary to popular belief, Facebook does not sell user data to advertisers.
🌍 Facebook's primary source of revenue is through advertising.
😎 There is a misconception that Facebook earns money by selling data.
00:03:11 Zuckerberg answers questions about sustaining a free business model and running ads.
💼 Facebook's business model relies on running ads to generate revenue.
🧠 Congress questioned Zuckerberg about how Facebook sustains its business model without requiring users to pay for the service.
❓ One of the main concerns was understanding the sustainability of a business model based on free user services and ad revenue.
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