Facebook’s Zuckerberg Apologizes for “Major Breach Of Trust”

(From AP News)

Breaking five days of silence, Facebook CEO Mark Zuckerberg apologized for a “major breach of trust,” admitted mistakes and outlined steps to protect user data in light of a privacy scandal involving a Trump-connected data-mining firm.

“I am really sorry that happened,” Zuckerberg said of the scandal involving data mining firm Cambridge Analytica. Facebook has a “responsibility” to protect its users’ data, he said in a Wednesday interview on CNN. If it fails, he said, “we don’t deserve to have the opportunity to serve people.”

His mea culpa on cable television came a few hours after he acknowledged his company’s mistakes in a Facebook post , but without saying he was sorry.

Facebook shares have dropped some 8 percent, lopping about $46 billion off the company’s market value, since the revelations were first published.

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