Facebook’s CEO Apologizes for Cambridge Analytica Scandal

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Mark Zuckerberg, CEO of Facebook Inc. apologized for the Cambridge Analytica scandal on March 21, 2018.

Zuckerberg accepted blame for his company’s careless handling of data belonging to 50 million of its users, further promising to restrict developers’ access to such information.

The government in Europe and the U.S. are scrutinizing Facebook, as the company has allegedly been accused for allowing illegal data access to London-based political consultancy Cambridge Analytica. This data was revealed to make profiles on voters in the U.S., which was later used to help elect Trump, in 2016.

“This was a major breach of trust. I’m really sorry this happened. We have a basic responsibility to protect people’s data,” Zuckerberg said in an interview.

The company plans investigate thousands of apps that have used Facebook’s platform, and further restricting developers access to data. They are also planning to offer a tool that allows users to disable external access to their Facebook data easily.

“I’m not sure we shouldn’t be regulated. I actually think the question is more what is the right regulation rather than yes or no, should it be regulated? … People should know who is buying the ads that they see on Facebook.” he further said.

Zuckerberg said Facebook was committed to stopping interference in the U.S. midterm election in November and elections in India and Brazil.

Cambridge Analytica suspended its CEO, Alexander Nix, for being caught in a secret recording, in which he said his company played a decisive role in Trump’s victory.

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