Mr. Zuckerberg goes to Washington
According to the Wall Street Journal, US lawmakers gave Facebook CEO Mark Zuckerberg a (mostly gentle) grilling over the company’s handling of user privacy while signaling they are considering embarking on a new era of regulation for big tech companies. Investors reacted positively to Mr. Zuckerberg’s performance — the first of two days on Capitol Hill — sending Facebook shares up 4.5%. While the senators showed little consensus on how to force the protection of user data, Tuesday’s unusual joint hearing probably marked the beginning of a long deliberation on regulating the tech industry. We too think that it’s about time.