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00:00:01
>> Facebook leading a tech stock resurgence on Thursday. Shares of the social network and its FANG peers, Amazon, Netflix, and Google parent Alphabet all climbing. Facebook stock jumped at the open, after CEO Mark Zuckerberg held a conference call with reporters the day before, saying the company had not seen any meaningful impact on usage or ad sales since the data privacy scandal.
00:00:24
And vowed to implement stronger controls on user's profile information.>> It's clear now that we didn't do enough. We didn't focus enough on preventing abuse and thinking through how people could use these tools to do harm as well. We didn't take a broad enough view of what our responsibility is, and that was a huge mistake.
00:00:44
It was my mistake.>> Reuters correspondent David Ingram.>> There's was a lot of focus during this conference call about whether Mark Zuckerberg was still the right person to be leading the company that he founded.>> Do you still feel like you're the best person to run Facebook moving forward?
00:01:01
>> Yes.>> He was asked whether the board had had discussions about him stepping down, and he said not that he knew of. He said that he had not fired anyone as a result of the Cambridge Analytica scandal and did not intend to. So somewhat defiant while at the same time, he was apologizing for making mistakes that Facebook made.
00:01:24
Knowing what I know today, clearly we should've done more, and we will going forward.>> Zuckerberg is set to testify about the leaked profile information next week before the US House, Energy and Commerce Committee.
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