The significance of this increase is that Zuckerberg, who owns more than 401.4 million shares in Facebook, is now $3 billion richer due to his appearance with the Senate and House Energy and Commerce Committee. Stressing that there is an online propaganda "arms race" with Russian Federation and it was important to make sure no one interferes in any more elections including in India, Zuckerberg told Congress that his own personal data was "improperly shared".
Some speculated that the 33-year-old social media chief may have requested the seat to appear taller, more authoritative and imposing during the grilling. Facebook will be using AI technology to identify questionable activities and content posted.
The University's School of Information has been studying the implications of Facebook and the information infrastructure for almost a decade, said information studies professor Andrew Dillon.
Zuckerberg received a $1 salary and no stock for 2017; however, the company announced it shelled out $8.9 million for his security at his residence and personal travel-which included "personal usage of private aircraft".
"I hear about all these people deleting their Facebook profiles and protesting", Trivisonno said.
But clearly, their technical expertise leaves much to be desired, that we can't take their digital literacy for granted (that's why they have advisors who, one would hope, know a bit more). And I think that the difference is extremely clear, which is that, on Facebook, you have control over your information. Their mission is to make money out of connecting people.
It's thought this would allow people to use the popular service without seeing adverts or worrying who might be gaining access to their personal data. "What we know now is that Cambridge Analytica improperly accessed information by buying it". He said the company "limits the amount of data" it collects and uses. "What is interesting is that the number grows to 18% among people who are said to be very aware of the Cambridge Analytica indicent". The sessions also featured presentations from Facebook's researchers on privacy challenges, as well as ways the company might protect user data. Zuckerberg has told lawmakers that Facebook is still investigating what happened in the past with data breaches, and will continue to inform users of their rights and what tools are available to them. But they also show that age of tech companies doing as they please may be ending.
Whilst being grilled by Senator Orrin Hatch, Zuckerberg was asked whether Facebook would always be free.
Zuckerberg has apologised for his company's role in the data scandal saying: "We didn't take a broad enough view of our responsibility, and that was a big mistake".