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Facebook CEO Mark Zuckerberg promises changes to protect user data

Posted: 1:51 PM, Mar 21, 2018
Updated: 2018-03-21 15:56:24-04
Facebook CEO Mark Zuckerberg promises changes to protect user data

Mark Zuckerberg is finally breaking his silence five days after a data scandal engulfed Facebook.

The Facebook CEO pledged in a post on Wednesday to take a series of steps to protect user data and said he is ultimately responsible for whatever happens on the platform.

"We have a responsibility to protect your data, and if we can't then we don't deserve to serve you," Zuckerberg wrote in a Facebook post . "I've been working to understand exactly what happened and how to make sure this doesn't happen again."

News broke this weekend that Cambridge Analytica, a data firm with ties to President Donald Trump's campaign, reportedly accessed information from about 50 million Facebook users without their knowledge.

Facebook says the data was initially collected by a professor for academic purposes in line with its rules. The information was later transferred to third parties, including Cambridge Analytica, in violation of Facebook's policies.

The controversy wiped away nearly $50 billion from Facebook's stock price earlier this week and prompted politicians on both sides of the Atlantic to call for Zuckerberg to testify .

Facebook is now facing lawsuits from investors and users as well as a " delete Facebook " movement. The latest member of the latter: Brian Acton , the cofounder of WhatsApp, which Facebook acquired for $19 billion in 2014.