Embattled Facebook founder Mark Zuckerberg said that he would be fine with the company being subject to government regulations in a sit-down with CNN on Wednesday.
‘I actually am not sure we shouldn’t be regulated,’ said Zuckerberg.
‘You know, I think in general, technology is an increasingly important trend in the world, and I actually think the question is more what is the right regulation rather than yes or no, should it be regulated?’
Zuckerberg then continued to speak at length while offering no real specifics as to what he thinks should be regulated by the powers-that-be in DC.
Just do it: Mark Zuckerberg said he would be open to government regiulations in an interview with CNN on Wednesday (above)
Zuckerberg did however say that he thinks advertisements on Facebook should be regulated in much the same way as those in magazines of on television.
‘Well, there’s some some basic things that I think that there’s some big intellectual debates on,’ explained Zuckerberg.
‘On the basic side you know there were things like ads transparency regulation that I would love to see, but if you look at how much regulation there is around advertising on TV and print you know it’s just not clear why there should be less on the internet right.
He continued: ‘You should have the same level of transparency required.
Zuckerberg went on to reveal that a bill is floating around Congress now dealing with just that, adding: ‘I know a couple of senators are working really hard on this.
Even if the bill does not pass though, Zuckerberg said that the company will start being more open about advertisements on the social media site.
‘We’re committed and we’ve actually already started rolling out ad transparency tools that accomplish most of the things that are in all the bills that that people are taking about today, because we just think that this is an important thing people should know,’ said Zuckerberg.
‘You should be able to go to any page and see all the ads that people are running to different audiences.’
Sheryl Sandberg appeared on CNBC’s Closing Bell on Thursday speaking for the first time about the Cambridge Analytica scandal and said nothing new, choosing instead to reiterate her boss.
‘Mark ] has said, “It’s not a question of if regulation, it’s a question of what type,”‘ said Sandberg.
‘We’re open to regulation. We work with lawmakers all over the world.’
Sh then stated: ‘We know this is an issue of trust. We know this is a critical moment for our company, for the service we provide. We are going to do everything we can.’
What that is however remains unclear.