>> Facebook CEO Mark Zuckerberg will appear before the U.S. Congress, a source tells Reuters. Lawmakers want answers on how personal data from 50 million users got into the hands of political consultancy Cambridge Analytica which worked for Donald Trump and his presidential campaign. Reuters', David Ingram, says the stakes couldn't be higher for the CEO.
>> Mark Zuckerberg has never had to testify before the US Congress. It's sort of a rite of passage for CEOs who have gone through rough periods in their corporations. To be forced to go before Congress and answer questions. The details are still being ironed out, but we can expect that Zuckerberg if he goes for one committee, he can't refuse all these other requests.
So we could potentially expect to see him testify in front of two or more committees in early to mid April.>> Since the data scandal broke, Facebook has lost $100 billion in market value and polls show users are losing trust in the social network.>> If and when this happens, this is going to be how a lot of Americans view Facebook, will be through the lens of how Zuckerberg does in this setting.
Whether he is defiant, whether he is conciliatory whether he's petulant, this is gonna test all the subtle ways he's been trying to curate that public image for years.>> Word that he would testify on Capital Hill coming just hours after Zuckerberg declined to appear before UK's parliament. Which is also investigating Cambridge Analytica.
The head of the parliamentary committee called Zuckerberg's decision astonishing and urged him to reconsider. Last week, Facebook CEO apologized for the mistakes his company had made and has promised tougher steps to restrict developers access to such information.