Facebook shares fall as Zuckerberg agrees to closed, European Union meeting

Ruben Fields
May 18, 2018

The EU meeting however is set to be private with the leaders of the political groups and a justice and civil rights expert.

Facebook Inc. Chief Executive Officer Mark Zuckerberg has agreed to face a grilling from European Union lawmakers over how the data of as many as 2.7 million Europeans could have ended up in the hands of consulting firm Cambridge Analytica.

Facebook admitted earlier this month that up to 87 million users may have had their data hijacked by British consultancy Cambridge Analytica, which worked for US President Donald Trump during his 2016 campaign.

The conference of presidents, a governing body comprising the elected heads of the European Parliament's political groupings, has also chose to organise a hearing with Facebook, providing members of the LIBE committee to carry out an in-depth analysis of aspects related to personal data protection, with emphasis placed on its role in elections.

"Our citizens deserve a full and detailed explanation", he added.

In March, UK Conservative lawmaker Damian Collins demanded Zuckerberg provide evidence to the Commons committee pertaining to the Cambridge Analytica scandal, but the billionaire refused, opting to only front the US Congress.

"I appreciate that Mark Zuckerberg has chose to present himself in front of the representatives of 500 million Europeans", he said. Iran, Syria on agenda for Macron visit MORE (D-Del.) whether Bannon's goal "was to suppress voting or discourage certain individuals in the USA from voting".

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"The Conference of Presidents has agreed that Mark Zuckerberg should come to clarify issues related to the use of personal data in a meeting with representatives of the European Parliament", Tajani said in a statement.

But the decision to hold the meeting with the European Parliament behind closed doors has angered others.

He might get tougher questions in Brussels, where an assertive new European data protection law comes into effect on May 25.

The parliament will separately organize a hearing with Facebook representatives to examine data protection that will also look at the potential impact on the election process.

The Digital, Culture, Media and Sport Committee said that Alexander Nix had accepted its summons.

Cambridge says none of the Facebook data was used in the Trump campaign, and Facebook is investigating.

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