WASHINGTON — Facebook CEO Mark Zuckerberg says he believes it is “inevitable” that there will be regulation of his industry.
Lawmakers in both parties have floated possible regulation of Facebook and other social media companies amid privacy scandals and Russian intervention on the platform. It’s not clear what that regulation would look like.
Zuckerberg says at a House hearing Wednesday that it is “inevitable that there will be some sort of regulation.” But he warned that lawmakers should be careful in what they propose. He notes that larger companies like Facebook have more resources to comply with regulations than small startups.
Zuckerberg also says users whose personal information was obtained by a data-mining firm tied to US President Donald Trump’s 2016 campaign are being informed, starting this week.
Zuckerberg tells a lawmaker during his appearance he believes the notices about Cambridge Analytica’s possession of their information began going out Monday.
It’s unclear how many of the 87 million affected users have received their notices. Zuckerberg doesn’t elaborate because is was being pressed to keep his answers as brief as possible by Represent Anna Eshoo, the Democrat from Silicon Valley who is questioning him.
Zuckerberg says his Facebook data was included in the personal information sold to malicious third parties, a reference to the Cambridge Analytica scandal.