04.10.18

Senator Sullivan: 5 Questions to Facebook CEO Mark Zuckerberg

WASHINGTON, DC – U.S. Senator Dan Sullivan (R-AK) today joined members of the Senate Commerce and Judiciary Committees for a 5 hour long hearing with Facebook CEO Mark Zuckerberg entitled: “Facebook, Social Media Privacy, and the Use and Abuse of Data.” During his five minute opportunity to question Mr. Zuckerberg, Sullivan asked a wide range of questions surrounding Facebook’s market dominance.

FB Hearing

Senator Sullivan Questioning Facebook CEO Mark Zuckerberg (click image or here to watch, click here to download).

1) Only in America? The Answer is Yes

SULLIVAN: Mr. Zuckerberg. Quite a story right – dorm room to the global behemoth that you guys are. Only in America, would you agree with that?"

ZUCKERBERG: Senator, mostly in America.

SULLIVAN: You couldn’t do this in China, right? What you did in 10 years?

ZUCKERBERG: Well Senator, there are some very strong Chinese internet companies.

SULLIVAN: Right, but…you’re supposed to answer yes to this question. Ok, come on I’m trying to help you. I mean give me a break. You’re in front of a bunch of Senators. The answer is yes, ok.

 

2) Is Facebook Too Powerful?

SULLIVAN: You have talked about a lot of power. You’ve been involved in elections…You’re really all over the world. Facebook – 2 billion users, over 200 million Americans, $40 billion in revenue. I believe you and Google have almost 75% of the digital advertising in the U.S. One of the key issues here, is Facebook too powerful? Are you too powerful? Do you think you’re too powerful?

ZUCKERBERG: Senator, I think most of the time when people talk about our scale they’re referencing that we have 2 billion people in our community. And I think one of the big questions that we need to think through here is the vast majority of those 2 billion people are outside of the U.S. And I think that is something – to your point – that Americans should be proud of. And when I brought up the Chinese companies, I think that that’s a real strategic and competitive threat that an American technology policy should be thinking about.

 

3) What Are Thoughts on the Instinct to Regulate or Break Up Companies of this Size?

SULLIVAN: When you look at the history of this country and you look at the history of these kinds of hearings… When companies become big and powerful, and accumulate a lot of wealth and power, what typically happens from this body is there’s an instinct to either regulate or break up, right?…Do you have any thoughts on those two policy approaches?

ZUCKERBERG: Well Senator, I’m not the type of person who thinks that all regulation is bad. So I think the internet is becoming increasingly important in people’s lives and I think we need to have a full conversation about what is the right regulations, not whether it should be or shouldn’t be.

 

4) Does Regulating Facebook Cement its Position as a Dominant Power?

SULLIVAN: One of my worries on regulation, again with a company of your size. You’re saying, “hey we might be interested in being regulated.” But as you know regulations can also cement the dominant power…You look at what happened with Dodd-Frank. That was supposed to be aimed at the big banks, the regulations ended up empowering the big banks and keeping the small banks down. Do you think that’s a risk given your influence that if we regulate we’re actually going to regulate you into a position of cemented authority when one of my biggest concerns about what you guys are doing is that the next Facebook, which we all want, the guy in the dorm room, we all want that… that you are becoming so dominate that we’re not able to have that next Facebook. What are your views on that?

ZUCKERBERG: Well Senator, I agree with the point that when you’re thinking through regulation across all industries you need to be careful that it doesn’t cement in the current companies that are winning.

 

5) Are you a Tech Company or a Publisher?

SULLIVAN: You mention you’re a tech company, a platform, but there are some who are saying you are the world’s biggest publisher. I think about 140 million get their news from Facebook… You said you are responsible for your content. So which are you, are you a tech company or are you the world’s largest publisher? Because I think that goes to a really important question on what form of regulation or government action, if any, we would take.

ZUCKERBERG: Senator this is a really big question. I view us as a tech company, because the primary thing that we do is build technology and product.

SULLIVAN: But you said you are responsible for your content, which makes you kind of a publisher, right?

ZUCKERBERG: Well I agree that we’re responsible for the content, but we don’t produce the content. When people ask us if we're a media company or publisher, my understanding of what the heart of what they’re really getting at is: Do we feel responsibility for the content on our platform? The answer to that I think is clearly yes. But I don't think that's incompatible with, fundamentally at our core, being a technology company.

 

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