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00:00:01
>> The first public apology from Facebook chief Mark Zuckerberg on Wednesday, breaking the silence over what he calls, a major breach of trust. During a CNN interview, the CEO spoke out on mistakes that his company made. In a case of data misuse that affected 50 million people. Facebook has faced days of public uproar after a whistle blower alleged its data was used by a political firm called Cambridge Analytica, ultimately helping to elect Donald Trump in 2016.
00:00:28
Earlier Zuckerberg wrote on Facebook itself sayingm, we have a responsibility to protect your data and if we can't, then we don't deserve to serve you. Zuckerberg also vouched stricter developer access to data and said Facebook plans to investigate thousands of apps that have used the platform. He told website Recode, that fixes to protect users data would cost many millions of dollars, but those plans don't seem to include advertiser access to data, which are central to Facebook's business.
00:00:54
After the news broke, the company lost $45 billion of its stock market value over three days. And now, lawmakers are demanding answers from the social network's founder. Zuckerberg told CNN he would be happy to testify before Congress. Meanwhile, Facebook says users who were impacted by the breach will be alerted, though it may be too little too late.
00:01:13
There's already a lawsuit against Facebook and Cambridge Analytica, for failing to protect personal data and exploiting it. A Maryland woman is asking a federal judge to certify a class action suit against both companies.