Zuckerberg DENIES knowing that Facebook inflated claims about video views - Daily Mail

Mark Zuckerberg REFUSES to apologize for Facebook’s inflated claims about video views on its platform as Democrat Jerry Nadler flays him lies which caused journalists to lose their jobs

• Facebook co-founder and CEO Mark Zuckerberg denied knowing Facebook had inflated its video stats for more than a year 
• He had been questioned about it by Judiciary Committee Chairman Jerry Nadler who said that 'hundreds of journalists' were fired over inflated video metrics
• Nadler was referencing the trend of newsrooms laying off writers and beefing up video departments using Facebook video consumption as a guide 
• Zuckerberg, at a Judiciary subcommittee hearing, said that the company 'regret[ted] that mistake,' but wouldn't apologize to journalists 
• Facebook's non-disclosure became public as part of a lawsuit filed against the tech giant by advertisers in 2018  

By Nikki Schwab, Senior U.s. Political Reporter For Dailymail.com

Published: 22:29 BST, 29 July 2020 | Updated: 03:12 BST, 30 July 2020

Facebook co-founder and CEO Mark Zuckerberg denied knowing that Facebook's video stats were inflated for more than a year during a Wednesday hearing before a House Judiciary subcommittee. 

He had been asked about the scandal by Judiciary Committee Chairman Jerry Nadler, who tore into the Facebook boss because 'based on these metrics, news publishers fired hundreds of journalists, choosing instead to boost their video division.' 

'Congressman, no I did not and we regret that mistake and we have put in place a lot of other measures since then,' Zuckerberg said.  

Facebook CEO Mark Zuckerberg denied that he knew Facebook was inflating claims of video viewership, which prompted news organizations to lay off writers and focus on video 

Judiciary Committee Chairman Jerry Nadler, participating in the hearing Wednesday virtually, asked Mark Zuckerberg about Facebook inflating video stats, which he said led to 'news publishers fir[ing] hundreds of journalists, choosing instead to boost their video division'

Facebook CEO Mark Zuckerberg appeared at the Capitol Hill Judiciary subcommittee hearing via video chat, as Congress is still doing past of its business virtually due to the coronavirus pandemic  

Nadler gave Zuckerberg the opportunity to apologize.  

'What do you have to say to the journalists who lost their jobs due to Facebook's deception?'

Zuckerberg didn't, instead replying, 'Congressman I disagree with that characterization and also your description of what ...'

Zuckerberg didn't finish his statement as Nadler snapped, 'OK, reclaiming my time.' 

In October 2018, advertisers filed a complaint in California federal court, which was part of a 2016 lawsuit against the tech giant. 

The filing, according to reporting from The Wall Street Journal, said that Facebook knew there was a problem in how the company measured viewership of videos on the platform for more than a year before publicly disclosing the issue in 2016.  

Plaintiffs in the lawsuit called this fraud alleging Facebook knew of the irregularities by January 2015 and understood the impact within a few months, though didn't disclose the issue for more than a year. 

The 2018 filing was based upon some 80,000 internal documents from the tech company obtained through the lawsuit.  

Nadler opened up this particular bit of questioning with Zuckerberg by bringing up the stakes. 

'The news and journalism industry in this country are in economic free-fall, over 200 counties in America no longer have a local newspaper and tens of thousands of journalists have been laid off in recent years,' the New York Democrat began. 

The reason journalism is in free-fall is that Google and Facebook now capture the vast majority of digital ad revenue,' he continued. 'Although news publishers produce valuable content, it is Google and Facebook that increasingly profit off that content.' 

Nadler then accused Google and Facebook of practicing 'anti-competitive conduct,' which was the broader topic of the Wednesday hearing in the subcommittee on Antitrust, Commercial and Administrative Law. 

Nadler asked Zuckerberg if he realized the harm he caused journalists around the U.S. 

Zuckerberg didn't answer questions directly about the media industry.  

'Congressman, certainly I know how important it is that the metrics that we report are accurate and we've put in place additional measures to make sure we can audit those,' the Facebook boss said. 

Read more:

Let's block ads! (Why?)

Business - Latest - Google News
July 30, 2020 at 04:29AM
https://ift.tt/30bp2Cz

Zuckerberg DENIES knowing that Facebook inflated claims about video views - Daily Mail
Business - Latest - Google News
https://ift.tt/2Rx7A4Y


Bagikan Berita Ini