zuckerberg. now, mr. pichai, you are recognized for five minutes. mr. pichai, are you unmuted? >> chairman, and ranking members, and members of the community, thank you for the opportunity to appear before you today. to begin i want to express my sympathies that lost loved ones to covid or the recent gun violence in boulder and atlanta. in difficult times we are reminded of what connects us as americans, the hope that we can make things better for our families and our communities. and we at google are committed to that work. i joined google because i believed the internet was the best way to bring the benefits of technology to more people, and for the past three decades we have seen how it has inspired the best in society by expanding knowledge, providing opportunities for discovery and connection. i am proud that anybody can turn to google for help. whether they are looking for vaccine information, learning new skills on youtube or using digital tools to grow their business. in 2020 our products

zuckerberg. now, mr. pichai, you are recognized for five minutes. mr. pichai, are you unmuted? >> chairman, and ranking members, and members of the community, thank you for the opportunity to appear before you today. to begin i want to express my sympathies that lost loved ones to covid or the recent gun violence in boulder and atlanta. in difficult times we are reminded of what connects us as americans, the hope that we can make things better for our families and our communities. and we at google are committed to that work. i joined google because i believed the internet was the best way to bring the benefits of technology to more people, and for the past three decades we have seen how it has inspired the best in society by expanding knowledge, providing opportunities for discovery and connection. i am proud that anybody can turn to google for help. whether they are looking for vaccine information, learning new skills on youtube or using digital tools to grow their business. in 2020 our products

zuckerberg? >> no, congresswoman, i don't think we profit from it. i think it hurts our service. >> congresswoman, certainly not our intent. >> since you all said no, can you please provide how you manage to avoid collecting revenue from ads served on such content? so, i'll be expecting that. there's a difference between the conversation in the living room and discourt and jurying hate crimes and violent. do you acknowledge that such content is having a harmful effect on minority and communities of color? yes or no. i don't have a lot of time. so, yes or no? dorsey. >> yes, i think that's right. if your financial incentive could lead to the creation of a system that promotes commercially-charged content that's been harmful, do you believe you will always need to play more on different topics? mr. zuckerberg? >> i think we can take systemic actions that help to reduce a large amount but there will always be some content that gets through the systems that we will have to react to. >> mr. dorsey? >>

zuckerberg? yes or no? >> i think that's a large platform and a small platform. >> the gentleman's time is expired. >> now the chair of subcommittee on consumer protection is recognized. >> thank you sooiz much. immediately after sheryl sandberg did an interview and insisted it was largely planned on the platforms but court filings show something quite the opposite. the proud boys used facebook to coordinate in real-time. so facebook groups in particular play a role in fomenting the extremism we saw that led to the c-uppercase-letter. >> congresswoman thank you for the question. in the comment that sheryl made, i believe what we were trying to say was in that we stand behind is it was widely reported at themm time. >> i'm sorry to interrupt many of my colleagues have too do it we only have five minutes but would you say that facebook played a role? >> i think certainly there was our services and from that perspective think there is further work we need to do to make moderation more effective. >>

zuckerberg? mr. zuckerberg: we are accountable to congress and the public. >> do you think you should be held accountable? nestor zuckerberg: i am not sure what you mean. >> should you be held accountable to congress? zuckerberg: yes. >> the way you run your business. mr. zuckerberg question i guess, and we are. >> mr. dorsey? >> yes, accountable to the public. >> i said to congress and the public. we represent the public. do you agree? >> yes. >> thank you. >> yes, i am here today because i am accountable to congress and the public. emily: did the companies truly take responsibility for misinformation, disinformation on the platform for january 6, for all the misinformation around covid? let's break it down with naomi. did they take responsibility, what did they take response before and not take response ability for? naomi? there was a remarkably different tone among the tech ceos. you saw jack dorsey go the furthest and say, yes, twitter was part of the problem, but the was a larger ecosystem. mark

zuckerberg? >> congressman, i do still think there is too much misinformation across all of this media we talk about today. how did it happen? we talked a lot about algorithms. i think a lot happens what we determine that is deterministic. someone sends a text message there is no algorithm determining the people can send that to someone else. a lot of this unfortunately was amplified on tv and traditional news as well. there was contentor on facebook and it's our responsibility to make sure we are building effective systems to reduce the spread. a loto of those performed well during the election cycle that there is the iterative process and there's always new things we need to do to keep up with the different threats that we face spirit do you commit to boosting spanish-language moderators during thee election season? >> congressman this is always some already something we focus i may have beefed up added more capacity to spanish-language fact checking and resources. certainly that is something w

zuckerberg? >> no, congresswoman, i don't think we profit from it. i think it hurts our service. >> congresswoman, certainly not our intent. >> since you all said no, can you please provide how you manage to avoid collecting revenue from ads served on such content? so, i'll be expecting that. there's a difference between the conversation in the living room and discourt and jurying hate crimes and violent. do you acknowledge that such content is having a harmful effect on minority and communities of color? yes or no. i don't have a lot of time. so, yes or no? dorsey. >> yes, i think that's right. if your financial incentive could lead to the creation of a system that promotes commercially-charged content that's been harmful, do you believe you will always need to play more on different topics? mr. zuckerberg? >> i think we can take systemic actions that help to reduce a large amount but there will always be some content that gets through the systems that we will have to react to. >> mr. dorsey? >>

zuckerberg. yes or not if not, i assume the answer is yes. >> i have seen the study it was about content leading up to the german election >> let me ask you a question custom relates to that you said yes the troubling research i mentioned demonstrates that facebook was not simply allowing this information and extremism to spread, it actively amplified and it spread it this is my point in other words, facebook didn't stop recommending political groups to the united states until after the january 6th insurrection, years after it was made aware of this research. it compels us to reevaluate platform's liabilities back to that "wall street journal" article, facebook's chief product officer, chris cox, championed an internal effort to address division on facebook and proposed a plan that would have reduced the spread of content by hyper active users on the far left and far right. the article alleges mr. zuckerberg that you personally reviewed this proposal and approved it but only after its effectivene

zuckerberg? mr. zuckerberg: we are accountable to congress and the public. >> do you think you should be held accountable? zuckerberg: i am not sure what you mean. >> should you be held accountable to congress? zuckerberg: yes. >> the way you run your business. mr. dorsey? >> yes, accountable to the public. >> i said to congress and the public. we represent the public. do you agree? >> yes. >> thank you. >> yes, i am here today because i am accountable to congress and the public. emily: did the companies truly take responsibility for misinformation, disinformation on the platform for january 6, for all the misinformation around covid? let's break it down with naomi. did they take responsibility, what did they take response before and not take response ability for? naomi? there was a remarkably different tone among the tech ceos. you saw jack dorsey go the furthest and say, yes, twitter was part of the problem, but the was a larger ecosystem. mark zuckerberg and the ceo of google were more reluctant t

zuckerberg, mr. pichai, just on that continuously evolving information on covid, because we are learning more and more about it, and how do you keep up, only about 30 seconds, so if you could quick answer for each of you, if you can. mr. pichai, maybe. >> on covid, we've been really taking guidance from cdc and other health experts proactively. one thing we get to do in youtube is recommend higher quality content. we have show 400 million information panels last year including a lot from cdc and other health organizations. >> okay. thank you. and i yield back four seconds, mr. chair. >> thank you, mr. guthrie. chair now recognizes ms. matsui for five minutes. >> thank you very much, mr. chairman, for having this hearing today. today we have another opportunity here from the leaders of facebook, twitter, and google. and one has become a concerning pattern. the members of this committee are here to demand answers to questions about social media's role in escalating misinformation, extremism, and violen

zuckerberg and mr. dorsey, do you think the law should allow you the arbiters of truth as they have under section 230 mr. zuckerberg first >> congressman, i think that it is good to have a law that allows platforms to moderate content. but as i've said today, i think that there -- that we'd benefit from more transparency and accountability >> mr. dorsey? >> i don't think we should be -- >> the gentleman'stime has expired. the chair now recognizes mr. cardenas for five minutes. >> thank you very much, mr. chairman i'd like to submit a national hispanic media coalition letter against disinformation on social media. if we could submit that for the record, i'd appreciate that. also my first question is to you, mr. zuckerberg. in 2020 facebook brought in approximately $86 billion of revenue. is that about right, give or take >> congressman, i think that's about right. >> okay, thank you good how much of that revenue did facebook invest in identifying misinformation, disinformation in that portion of your bus

zuckerberg? >> no, congresswoman, i don't think we profit from it. i think it hurts our service >> mr. pincai? >> certainly not our intent and we don't want such content. >> since you all said no, can you provide to me in writing how you managed to avoid from collecting revenue from ads targeted by or served on such content, so i will be expecting that there's a difference between a conversation in a living room and one being pumped out to millions of followers from discouraging voting and covid-19 misinformation to encouraging hate crimes and violence the harms are real and disproportionate do you acknowledge that such content is having especially harmful effects on minority and communities of color, yes or no again? i don't have a lot of time so yes or no. mr. dorsey >> yes >> mr. pichai. >> yes. >> mr. zuckerberg? >> yes i think that's right >> thank you if your financialin sent i've is the human psychology lead to the creation of a system that promotes emotionally charged content that is ofte

zuckerberg, clearly ms. todd was underaged so the photo that was shared by her harasser was illegal. do you believe that facebook bears any responsibility for the role it played in her death? yes or no? >> sorry i was muted. congressman, that is a -- it's an incredibly sad story. and i -- i -- i think that we certainly have a responsibility to make sure that we are building systems that can fight and remove this kind of harmful content. in the case of child exploitation content, we have been building systems for a long time that use a.i. and we have thousands of people working on being able to identify this content and remove it. i think our systems are generally pretty effective of this -- -- >> my time is pretty short but would you say yes or no, then >> sorry can you repeat that? >> in the question, yes or no, then, in your responsibility >> congressman, i believe in a the responsibility -- >> let me move on. because i have got very short on time do you believe that facebook should be health accountable f

zuckerberg, we will start with you. you are recognized for five minutes. >> ranking members and members of the committee, i am glad this committee is looking at all the ways that misinformation and disinformation show up in our country's discharge. there are important challenges for society and we need to decide how to handle speech that is legal but harmful and who should be responsible for what people say. misinformation was not a new problem. it was 200 years ago that a congressman said a lie would travel from maine to georgia, and truth was still getting on its boots. the internet gives everybody the power to communicate and that certainly presents unique challenges. people often say things that aren't verifiably true but speak to their lived experiences. i think we have to be careful restricting that. if somebody feels intimidated while voting, i believe they should be able to share their experience even if the election overall was fair. every text message, e-mail and video has to be fact checked before you hit sen

zuckerberg's changes to section 230? mr. pichai: there are definitely -- matt: we are interrupting our coverage to bring you the results from the seven year treasury auction crossing on the bloomberg terminal now. the seven year notes draw 1.3% even, 1.300%, a lot of the high 40.9 percent. the u.s. awards 53 points -- 57.3 percent on seven year notes to indirect bidders, 24.7% to primary dealers. joining us now for a look at this auction since the difficult seven-year auction is our guest. let me start with you, what do you think about this, it's been steady all day. actually the last few auctions have been healthy. >> good afternoon. it's a pretty soft auction. 2.5 basis points, this indicates a weak demand. at the same time. the follow-through, especially for the auction prices has not been terrible. one of the broader themes is the correlation between equity and fixed income have been returning to normal after being quite distorted through february and march. signaling at least the returns for a stable level of demand acr

zuckerberg and others in the hot seat, is it a waste of congress' time? and tesla with bit coin. you can do it now. calling it a see him national moment for the company and occurrence si. u.s. stocks are slumping as they rotated out of stocks that have been sliding through the pandemic and we'll start with you. >> the tech underperformance and this is a stark contrast and look at the chart behind me. you see, this is a head of those big tech hearings and the chart behind me and seeing that tech underperformance and that is coming in tandem with yield coming down. tech yields have been moving in opposite directions, and when you have the surge in yields. they moved in the same direction. look at this graph. and show you that correlation where you can see that relationship that when you have things like the tip yield increase and you see the nasdaq 100 sell off. this is an interesting to see the chart. but the dollar has actually under performed and when you see moves it goes into the commodity space. and bring it back to tech. this tech trade isn't just here in the states but a gl

zuckerberg. >> our response ability is to build systems -- >> i want a yes or no answer. do you bear some responsibility for what happened? >> our response ability is to make sure that we build effective systems -- >> mr. butch i, yes or no? >> i think we worked hard, this election effort was one of our most expensive efforts. >> is that a yes or no? >> it is a complex question. >> ok, we will move on. mr. dorsey. >> yes, but you have to take into consideration a broader ecosystem. it is not the technology platforms only. >> thank you. i agree with that. host: rebecca kern on all three fronts, they wanted to go beyond the yes or no and all talking about bigger issues at play when it comes to -- elaborate from there. guest: there are a lot of issues at play here and what we did see was like i was mentioning, they are labeling these tweets going into the election as misinformation and providing links to elections -- election centers for accurate information and news websites to redirect, to correct factual information, but facebook and twitter actively did that. they are de

zuckerberg and dorsey in the hot seat. will it do any good, or is it a colossal waste of congress' time? we will discuss. and by a tesla with bitcoin? elon musk tweets that you can now. a seminal moment for the company and the currency. u.s. stocks slumping, with tech leading the declines as investors rotated out of stocks. >> let's talk about the tech underperformance. a stark contrast to yesterday. take a look at the chart behind me. we should mention this is guiding ahead of the big tech hearings tomorrow. a lot of that tech underperforming, in tandem with yields coming down. you know that tech and yields have been moving in opposite directions. when you have surge in yields, use into sit -- tend to see tech underperform. let me show you that correlation where you can see that relationship, the idea that when you have the nasdaq 100 selloff, this is an interesting chart to look at. the idea that the dollar has actually underperformed. when you start to see a move like that, it does trade into the commodity space. want t

a critic of zuckerberg and facebook what do you think about zuckerberg's recommendations how the liability shield that has protected facebook so long could be changed >> so, julia, i think mark is framing this in the best possible way for facebook. section 230 is currently constructed, provide as safe harbor, and the reform he's making will very much advantage facebook relative to other players. i think that the hearing, in fact, will have a subtext that goes way beyond section 230, because i think the issues we're dealing with here really go to the business model of facebook go to the business model of twit ot ter of google. as a consequence, 230 is a side show a lot of talk about it from the platform companies at this hearing, but i don't think from the perspective of long-term regulation that that's the biggest fish that we're going to be frying here. >> casey what do you think do you agree and how do you think each of these three ceos will differentiate their defense? >> roger is right. an element of op yoportuneopporm and pichai taking a very different position he points rightly, i th

i have zero problems watching another mark zuckerberg walk away. emily: aileen, still today we think of it tech visionary, so many people think of someone who looks like mark zuckerberg. what are we going to think when we think of a tech visionary a decade from now? will the stereotype, will that image have changed? aileen: i do think founders today are different. there's a really hot startup adding a ton of attention right now, and the ceo, we had a conversation last week, and he said i don't want to build a company like people did 10 years ago. i want to build a company where i would love help, making sure that i have people of color and women on my executive team, on my board, in my company from the beginning. can you help me with that? i think that is where the world is going. smart founders know that that is the best and healthiest way to build a resilient company. and we are seeing that with firms. yes, we have a long way to go, but i think firms realize -- they pretended there was no problem and that the problem was a pipeline for a long tim

guest: yesterday, we had the ceo of facebook, mark zuckerberg, the ceo of twitter, jack dorsey, and the ceo of google alphabets, sundar pichai. they were brought before the house energy and commerce, two joint subcommittees to discuss the growing amount of misinformation and disinformation being spread on their platforms and contributing to the violent attack on the capital on january 6th. host: what were members of congress hoping to learn from these heads? guest: they wanted to get them to admit some culpability in the spread of this misinformation about the november 2020 election that a lot of individuals, pro-trump supporters believed and were urged to go to the capital to stop the final confirmation of election results. they asked a lot of yes or no question, whether zuckerberg, pichai, and dorsey agreed that they played a role. each ceo did not want to answer just yes or no. the one that went the furthest in taking some accountability for the stop the steal group that claimed the election was stolen, a lot of propaganda being spread, the one ceo was jack dorsey who said that that

i'm a doctor here at zuckerberg staff and trauma center, and i'm here to share a few words from the prospect of our essential workers. firstly, just want to thank everyone who spoke up here today. i think that this is an incredible milestone, and so this is quite a huge honor to be able to share a few reflections. i think my message in just thinking about a one-year milestone of this pandemic is some of the things that mayor london breed already touched upon: remembrance, in terms of everything that we've gone through, the resilience that it took to get to where we are today, deep gratitude, which i think really resonated with me as our mayor spoke, and hope in terms of where we are right now. from the early days of not knowing what we were up against to the amazing professionalism and team work, to the sadness of seeing our latinx communities disproportionately impacted by this pandemic, to the stress in terms of addressing second and third surges of cases here at zuckerberg san francisco general, this year has been a bill challenge for our klein -- big challenge for our clinical teams and

zuckerberg? >> congressman, i think it is good to have a law that allows platforms to moderate content. but, as i said, i think we benefit from more transparency and accountability. >> mr. dorsey? >> i do not think we should be arbiters of truth and i do not think the government should be either. host: to that response? guest: libertarians have a new hero in jack dorsey for putting something specifically -- i do not think the history of free speech and free expression would bear out that we would want government deciding what we see in our newsfeeds. we probably do not want the platforms deciding what is true and what is not true. i think it is difficult to figure out what is appropriate in terms of optimizing content for users in terms of what they enjoy versus any harms we might be seeing if misinformation is being prioritized or if we feel like people are being radicalized. we need to separate questions -- is something good? if not, is the government the answer? rarely, when it comes to speech

zuckerberg? >> congressman, yes. we do have a policy against allowing... >> i know you have a policy, but will you take the sites down today? you still have 12 people up on your site doing this. will you take them down? >> congressman, i would need to look at the and have our team look at the exact examples to make sure they-- >> because those still exist. we found them as early as last night. >> brangham: this is what a lot of the hearing was, accusations, and the c.e.o.s trying to defend it. mark zuckerberg repeatedly said that facebook has taken down a bill, and that's billion with a "b," facebook pages that do have disinformation on it about the pandemic. do you think these platforms are doing enough? >> no. i think the point is that they are so huge, and then this gets into the question of the monopoly power and their reach over our communication infrastructure, that even if their financial incentives weren't pushing them to amplify this type of content, there is simply no way they could have safe platforms that

and he took zuckerberg to task for that. let's listen to this. rep. doyle: why, in the midst of a global pandemic that has killed over half-a-million americans, that you haven't taken these accounts down that are responsible for the preponderance of vaccine disinformation on your platforms? will you all commit to taking these platforms down today? mr. zuckerberg? mark: congressman, yes, we do have a policy against allowing vaccine disinformation. rep. doyle: well, i know you have a policy, but will you take the sites down today? you still have 12 people up on your site doing this. will you take them down? mark: congressman, i would need to look at the -- and have our team look at the exact examples to make sure they're violating the policy. [crosstalk] mark: we have a policy in place. rep. doyle: look at them today and get back to us tomorrow, because those still exist. we found them as early as last night. william: this is what a lot of the hearing was today, of these accusations and then the ceo's trying to rebut it. in his defense, mark zuckerberg

zuckerberg, pichai, and dorsey? the kind of similarly broad answer, but only jack dorsey being willing to say yes. >> yeah. i mean, you can imagine why the ceo of a major-tech company would not want to say yes to that question. and so i think that they are rightfully, pointing out that it's a complicated ecosystem, that includes human behavior and politics and political rhetoric. but the simple fact is that jack dorsey and probably the other two know, very well, that their platforms do play a role. that the algorithms that amplify that content and make it more powerful are, absolutely, part of that complicated ecosystem. >> one of the things that's in the backdrop of this is this push to regulate social media, that is coming from social networks themselves. facebook's been running a bunch of ads. i have been seeing them, i don't know if you have been seeing them. that basically say the internet's come a long way since we had a brick phone. basically, they have a list of things they would like to be regulated on. wha

zuckerberg, pachai, and dorsey? the kind of similarly broad answer, but only jack dorsey being willing to say yes? >> yeah. i mean, you can imagine why the ceo of a major-tech company would not want to say yes to that question. and so, i think that they are, rightfully, pointing out that it's a complicated ecosystem, that includes human behavior. and politics and political rhetoric. but the simple fact is that jack dorsey and probably the other two know, very well, that their platforms do play a role. that the algorithms that amplify that content and make it more powerful are, absolutely, part of that complicated ecosystem. >> one of the things that's in the backdrop of this is this push to regulate social media, that is coming from social networks, themselves. facebook's been running a bunch of ads. i have been seeing them, i don't know if you have been seeing them. that basically say the internet's come a long way since we had a brick phone. basically, they have a list of things they would like to be reg lated on.

i have zero problems watching another mark zuckerberg walk away. emily: aileen, still today we think of the tech visionary, so many people think of someone who looks like mark zuckerberg. what are we going to think when we think of a tech visionary a decade from now? will the stereotype, will that image have changed? aileen: i do think founders today are different. there's a really hot startup getting a ton of attention right now, and the ceo, we had a conversation last week, and he said i don't want to build a company like people did 10 years ago. i want to build a company where i would love help, making sure that i have people of color and women on my executive team, on my board, in my company from the beginning. can you help me with that? i think that is where the world is going. smart founders know that that is the best and healthiest way to build a resilient company. and we are seeing that with firms. yes, we have a long way to go, but i think firms realize -- they pretended there was no problem and that the problem was a pipeline for a long t

barbara hope zuckerberg. barbara hope zuckerberg. the leonard and norma klorfine foundation. the peter g. peterson and joan ganz cooney fund. we try to live in the moment, to not miss what's right in front of us. at mutual of america, we believe taking care of tomorrow can help you make the most of today. mutual of america financial group, retirement services and investments. additional support has been provided by: consumer cellular. anby: and by the corporation for public broadcasting, a private corpation funded by the american people. and by contributions to your pbs station from viewers like you. thank you. you're watching pbs. nouncer: explore new worldsds and new ids through programs like this, made available for everyone through contributions to your pbs station from viewers like you. thank you. announcer: judy collins, tom and dick, the smothers brothers, the kingston trio, the highwaymen, the brothers four, glenn yarbrough, the limeliters, roger mcguinn, barry mcguire, randy sparks and the minstrels unite for history in a special celebration of american folk music...

and tech giants like mark zuckerberg were on the hot seat with lawmakers this week. we're going to talk about it with a key developer of facebook, justin rosenstein. joining me next. and i need a lawn. quick. the fast way to bring it up to speed. is scotts turf builder rapid grass. rapid grass is a revolutionary mix of seed and fertilizer that will change the way you grow grass. it grows two times faster than seed alone for full, green grass in just weeks. after growing grass this fast, everything else just seems... slow. it's lawn season. let's get to the yard. download the scotts my lawn app today for your personalized lawn plan. this is hal. this is hal's heart. it's been broken. and put back together. this is hal's relief, knowing he's covered by medicare from blue cross blue shield. and with coverage you can trust, backed by over 80 years of healthcare expertise, we'll be there and with coverage when it matters most. this is medicare from blue cross blue shield. this is the benefit of blue. plant-based surfactants like the ones in seventh generation detergent tr

you heard zuckerberg's proposal. it sounds like it's doa. >> time will tell. i think what's really notable here is zuckerberg wants facebook to be regulated but only on its own terms and in a way that might make life harder for his competitors frankly there's nothing that would radically change what you see on facebook day to day i think congress will push for bigger changes >> he wants facebook to police itself that's one of the arguments from the outset they've already proven that they can't >> that's right. the challenge for lawmakers, though, is that the first amendment and section 230 largely protect company's rights to police themselves so if congress wants to figure out a way to chip away at that, it has to be really careful and it's not clear what they can do that will survive legal challenges >> it's also interesting that he said basically today with billions of posts per day on facebook, it's virtually impossible to police everything. do you buy that? >> well, there's something sort of rich about saying look, sorry, we built a platform that's too big

here is what zuckerberg himself said about 230 without mentioning it by name. instead of being granted immunity, referring to section 230, platforms should be required to demonstrate they have systems in place identifying unlawful content and removing it. who decides what is unlawful content? could that include criticisms of global warming theories? could that include criticisms of critical race theory? would that include any discussion of voter fraud, all of these political issues? i would contend there are a lot of politicians that would insist that it did include that. again instead of removing 230, they want to include a lot of political preferences in place of the first amendment. >> what i find frustrating with mark zuckerberg i find myself agreeing with the testimony he provides but when you look at actions, facebook actually takes, it goes far beyond what he says he wants to happen during congressional testimony. he goes far beyond removing unlawful and hate speech. he is censoring conservatives. he is censoring all type of content including vaccine inf

mark zuckerberg is arguing for some changes. the google ceo is arguing against any changes at all. >> i think it is misunderstood. this rental car example. we want people to take individual responsibility for speech online. that crazy healthier internet. section 230 is a routing mechanism. it says by the same view, you come after me, not the platform. that is accountability. if we did not have that principle, we would threaten a whole host of smaller sites, user generated content, ordinary websites not in a position to review every piece of comment or content before it is posted. this is a really important principle that promotes a diversity of thought and dialogue online. i think it is widely misunderstood. i think it is a great law and i think policymakers who care about healthy online communities should support section 230. emily: interesting. having worked at google as long as you did, do you put them in the same boat as facebook and twitter? obviously they have their own problems. we saw mark zuckerberg get the lion's share

and i know that's a pretty scary image to show you before bedtime of a bare-chested zuckerberg. but it does get to the wider point that these executives are culpable. they do have responsibility. we've seen the rioters, but what brought them there? it was sure, the lies from president trump, but so much of the organizing, so much of the parallel universe that they are living in was enabled by these social media platforms. >> culpable for the misinformation. that's what you mean by culpable in that situation. >> yeah. >> thank you, donie. i appreciate your time and the reporting. so the latest deadly mass shooting exposing the deepening partisan divide over gun safety, my next guest says that we already have a model for how to regulate it. wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committ

zuckerberg says he has nothing to do with it. neither does google ceo sundar .twitter does deserve some blame says jack dorsey. >> i want to start by asking all three of you if your platform bears some responsibility for disseminating disinformation related to the election and the movement that led to the attack on the capitol. just a yes or no answer. mr. zuckerberg? >> chairman, i think our responsibility is to build systems that can. >> mr. zuckerberg, i just want a yes or no answer. okay? yes or no do you bear some responsibility for what happened? >> congressman, our responsibility is to make sure that we build effective systems. >> okay the gentleman has not answered the question. mr. pichai, yes or no? >> we all have a deep sense of responsibility but i think we worked hard this election it was one of our most substantive effort. >> is that a yes or a no? >> congressman, it's a complex question. >> okay. we will move on. mr. dorsey? >> yes, but you also have to take into consideration a broader ecosystem. it's not just abo

. >> mark zuckerberg along with e ce oftestified virtually. zuckerberg recommended giving social media companies immunity over their content, but lawmakers wanta universal policy for wolves and accountability. >> ultimately we are running a business and a business wants to go the number of customers it serves. enforcement policy is a business decision. >>> a new ruling on cash bail by the state supreme court, california judges must now way defendants ability to afford bail for setting it. the ruling is meant to ensure that no one is kept behind bars only because they can't afford to postpone. >>> coming up next, one bay area city is giving artists a guaranteed monthly income. so who is going to pay for that? and what southwest airlines has to say tonight after a pilot bashes the bay area over a hot mic. >>> later, seattle has a space needle, paris has the eiffel tower, so will this be the new landmark, representing silicon valley? >> it will become what we think ofll be the quote unquote logo >>> tonight southwest airlines is looking into a pi

zuckerberg, i just want a yes or no answer. okay? yes or no do you bear some responsibility for what happened? >> congressman, our w responsibility is to make sure that we build effective systems. >> okay the gentleman has notak answered the question. mr. pichai, yes or no? >> we all have a deep sense of responsibility but i think we worked hard this election it was one of our most substantive effort. >> is that a yes or a no? >> congressman, it's a complex question. >> okay. we will move on. mr. dorsey?e >> yes, but you also have to take into consideration a broader ecosystem. it's not just about the i technology platforms we use. >> tucker: now, wait a second. do we have news here? did ethereal buddhist techno- god jack dorsey emerge from his haze to admit culpability for the january 6th riot at the capital? of course he didn't. not in a real sense he took no responsibility and he will pay no price. unlike hundreds of other people who were there that day, some of whom did nothing wrong, jack dorsey isn't going to jail. he is not go

and the chairman is wary mark zuckerberg knows rolling back section 230 will make facebook a dominant social media company. sundar pichai says outlawing 230 could prevent platforms from protecting users twitter is pushing industry solutions instead like the bird-watch and blue sky initiatives. we will see if facebook ends up with friends when the ceos testify this afternoon back to you. >> clever. thank you, ylan. joining us to talk more about the hearing is joanne litman she is a cnbc contributor. and emily glazer emily, this is not the first time these three are testifying before congress, but the first time since the january 6th insurrection at the capitol. >> it will be intense, becky we saw social media connecting messages ahead of the riots. and we know one of the groups had research which was spreading partisan messages. some of the messages have clamped down facebook with more groups. mark zuckerberg reduced exposure to political content twitter and google have done more as well i think we might see lawmakers seeing too little too late >> joanne, we talked about the difference

mark zuckerberg confirming they are, indeed, developing that right now. and one member of congress asking why are you doing this. what's the point of it given so many kids are already signing up any ways. he says that it's all about connecting kids together for their benefit, but also acknowledging that his kids, who are 5 and 3 years old, do not use facebook and instagram products aside from messaging their cousins. so the hearing is still underway. >> thank you for keeping an eye on that. thank you. >> today at his first formal news conference, president biden responded to a push by democrats to reform the filibuster. and deliver on major agenda items. watch. >> why not a filibuster rule that gets around the issues including voting rights or immigration, jim clyburn who you know very well have the idea of a filibuster rule when it comes to civil rights and voting rights. >> if there's complete lockdown and chaos, is a consequence of the filibuster, we'll have to go beyond what i'm talking about. >> joining us now is democratic south carolina congressman

a, do you think what zuckerberg's saying is true? and, b, how would you propose to regulate that? >> well, first of all, trending on twitter today was the fact that he lied to me. because actually, when it comes to political speech, pretty much, anything goes. they don't check every ad. so, that was not right. but i think, when you -- when -- when they are making money, and they are, hand over fist, making plenty of money, that they have to be accountable for the messaging that they are putting out there. and it can be very harmful messaging that, not only hurts elections, that is putting out bad information about the -- about the virus, but it is actually -- kills people. facebook was, very much, involved, and zuckerberg admitted to it or facebook did, a couple of years ago. for the genocide that took place in myanmar. >> uh-huh. >> of the rohingya people. that's how it was really organized. through facebook. >> right. and -- but that -- there is a case where we get to the more -- to me, the thornier question, right? which is that -- that -- that genocide, the worst thing that's

big tech is on the hill today is right now mark zuckerberg is testifying in front of lawmakers as both sides of the aisle are questioning the ceos of facebook, google, and twitter amid new concerns that mexican drug cartels and human traffickers are using social media to commit their crimes. reports show that smugglers and migrants are communicating via facebook and other platforms about how to enter our country illegally, smugglers updating the migrants on everything from impending checkpoints to how to navigate immigration laws and this kind of thing is apparently been going on for years. juan, starting with you on this, way back in 2014, routers was reporting that they were using facebook to accelerate and entice illegal immigration over our southern border. the five yeah, i mean, this is a big issue, this is a house committee hearing today, emily, i don't know if we expect that much is going to get done but it's an opportunity to hear from mark zuckerberg, jack dorsey and others about where they stand in terms of government regulating these platforms because as you know, there is n

we'll tell you why zuckerberg remains optimistic. >>> as we head to break, check out some of the top search tickers. 10-year yield once again on top, followed by tesla, apple, linde gases and gamestop, we're back in a couple. we see access to fresh food being the global norm, not the exception. at emerson, our cold chain software and technology keep perishable food at proper temperatures, to assure its safety and quality. emerson. consider it solved. when you buy this plant at walmart, they can buy more plants from metrolina greenhouses so abe and art can grow more plants. so they can hire vilma... and wendy... and me. so, more people can go to work. so, more days can start with kisses. when you buy this plant at walmart. ♪♪ ♪ ♪ it's a wishlist on wheels. at walmart. a choice that requires no explanation. it's where safe and daring seamlessly intersect. it's understated, yet over-delivers. it is truly the mercedes-benz of sports sedans. lease the 2021 c 300 sedan for just $449 a month at your local mercedes-benz dealer. ♪ ♪ >>> welcome back upcoming changes to apple's ope

zuckerberg largely deflected blanchard -- deflect the blame. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. shery: it is time for morning calls ahead of the asia trading day. looking at tesla, which got a credit rating upgrade to be a three and a positive outlook. moody's notes the growing scale of operations which should support gradual improvements in the profitability and margins. the credit rater estimates the company's market share will go from 1.4% to about 10% by mid decade and could reach 25% by 2030. haidi: given the dollar move overnight, i am looking at currencies. rbc seeing the bullish run continuing. weakening momentum for peers including the euro, sterling and the aussie and kiwi dollar. it is the final day of the credit suisse asia investment conference. sophie is standing by in hong kong with her fear -- with our first guest of the day. sophie: credit suisse releasing the emerging consumer survey which polled respond

. >>> tech under fire as zuckerberg and dorsey and others head back to the hill. talking about disinformation and lies on social media >>> singling out spacs regulators are honing in on the rising risks to you. >>> could this be peak itcoin? looking to start its over cryptocurrency etf >>> it is thursday, march 25th this is "worldwide exchange. ♪ ♪ >>> good morning good afternoon good evening welcome wherever in the world you are watching i'm brian sullivan here is how your money and global markets are setting up for thursday it is early. futures could turn around. we say that all the time light volume et cetera, et cetera dow futures upt81 the major averages coming off lower sessions nasdaq hit in late-day trading following another 2% that is two down days in a row something to watch apple, amazon, tesla the names you know well up over a year. watch the recent move and see if the rotation from tech or growth to value rolls on. there is no big move in yields which had been a mover ten-year yield at 1.62%. oil is down from the overnight high still above $60 a b

you heard zuckerberg's proposal. it sounds like it's doa. >> time will tell. i think what's really notable here is zuckerberg wants facebook to be regulated but only on its own terms and perfectlily in a way that might make life harder for his competitors. frankly there's nothing that would radically change what you see on facebook day to day i think congress will push for bigger changes >> he wants facebook to police itself that's one of the arguments from the outset they've already proven that they can't >> that's right. the challenge for lawmakers, though, is that the first amendment and section 230 largely protect company's rights to police themselves so if congress wants to figure out a way to chip away at that, it has to be really careful and it's not clear what they can do that will survive legal challenges >> it's also interesting that he said basically today with billions of posts per day on facebook, it's virtually impossible to police everything. do you buy that? >> well, there's something sort of rich about saying look, sorry, we built a platform t

plus facebook shares fall after mark zuckerberg downplays the risk of apple's app tracking policy. and an outage affecting thousands of users. it is developing a version of instagram for kids. a busy day for the social network. and our weeklong series, the shut when you're on. we will speak to the company that quickly became a household name, hosting everything from board meetings and weddings as millions were forced into lockdown. the zoom cfo. although stories in a moment. stocks rising. treasury yields retreating from the highest levels of the day. let's get to ed ludlow. ed, walk us through the day. >> tech outperformance the story of the day. after such a volatile week, u.s. equities ending with a whimper. the s&p 500 basically fat -- flat on friday. the nasdaq 100, a tech heavy index, up 6/10 of one prevent -- of 1%. as you say, it is about that 10-year treasury yield. i know you have heard this before, emily, and i sound like a broken record, but look at this chart. across the last five days you can see the relationship between movement in the u.s. 10 year yield and also nas

barbara hope zuckerberg. the leonard and norma klorfine foundation. the peter g. peterson and joan ganz cooney fund. we try to live in the moment, to not miss what's right in front of us. at mutual of america, we believe taking care of tomorrow can help you make the most of today. mutual of america financial group, retirement services and investments. >> for 25 years, consumer cellular has been offering no-contract wireless plans, designed to help people do more of what they like. our u.s.-based customer service team can help find a plan that fits you. to learn more, visit www.consumercellular.tv. additional support has been provided by: and by the corporation for public broadcasting, a private corporation funded by the american people. and by contributions to your pbs station from viewers like you. thank you. >> sreenivasan: good evening and thank you for joining us. the partisan divide in congress and beyond dominated conversations today one day after the senate passed president biden's $1.9 trillion covid-19 economic relief bill without a single republican vote

barbara hope zuckerberg. the leonard and norma klorfine foundation. the peter g. peterson and joan ganz cooney fund. we try to live in the moment, to not miss what's right in front of us. at mutual of america, we believe taking care of tomorrow can help you make the most of today. mutual of america financial group, retirement services and investments. >> for 25 years, consumer cellular has been offering no-contract wireless plans, designed to help people do more of what they like. our u.s.-based customer service team can help find a plan that fits you. to learn more, visit www.consumercellular.tv. additional support has been provided by: and byhe corporation for public broadcasting, a private corporation funded by the american people. and by contributions to your pbs station from viewers like you. thank yo >> sreenivasan: good evening and thank you for joining us. the first single dose covid-19 vaccine is now f.d.a. approved and about to roll out to locations nationwide. the food and drug administration gave johnson & johnson's vaccine formal emergency authorizati