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Facebook, Twitter respond to Mueller indictment

Photo: Daniel Leal-Olivas/AFP/Getty Images

Facebook reiterated Friday that it's increasing the number of people working on security from 10,000 to 20,000 this year, the company's VP of Global Policy Joel Kaplan said following Robert Mueller's indictment of Russian cybercriminals Friday.

Why it matters: Social media companies have come under fire over the past year for failing to police the activity of bad actors using their platforms to meddle in the election.

In response to the indictment, Kaplan says Facebook is working with lawmakers to give them a fuller understanding of what happened.

"We know we have more to do to prevent against future attacks ... We’re committed to staying ahead of this kind of deceptive and malevolent activity going forward.”

Also mentioned in the indictment were Twitter, YouTube and Facebook's Instagram. Twitter said it will work with intelligence officials to mitigate the problem.

A Twitter spokesperson told Axios: "Russian efforts to disrupt the 2016 U.S. election, in part by abusing social media platforms, go against everything we at Twitter believe. Any activity of this kind is intolerable, and we all must do more to prevent it."

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Zuckerberg admits Facebook "breach of trust"

Facebook CEO Mark Zuckerberg walks wearing a t-shirt, with trees behind him
Photo: Drew Angerer/Getty Images

Mark Zuckerberg weighed in on what he called the "Cambridge Analytica situation" today in a Facebook post, saying there was a "a breach of trust between Facebook and the people who share their data with us and expect us to protect it. We need to fix that."

"We have a responsibility to protect your data, and if we can't then we don't deserve to serve you. I've been working to understand exactly what happened and how to make sure this doesn't happen again. The good news is that the most important actions to prevent this from happening again today we have already taken years ago. But we also made mistakes, there's more to do, and we need to step up and do it."

Why it matters: Facebook has been under extraordinary pressure from lawmakers, regulators and Wall Street to respond to the issue.

Jonathan Swan 4 hours ago
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Trump to announce anti-China tariffs tomorrow

President Donald Trump
Photo: Kevin Dietsch-Pool/Getty Images

President Trump plans to unveil his aggressive package of tariffs against China tomorrow, with a charge led by U.S. Trade Representative Robert Lighthizer that will use Section 301 of the Trade Act of 1974 to target Beijing.

The big picture: Two sources with direct knowledge tell me Kevin Hassett has been crunching the numbers, and the dollar value of the tariffs will likely be around $50 billion per year — or slightly less. The administration has used an algorithm to select a batch of Chinese products and then apply tariff rates to those products in a way that will hopefully limit the harm to American consumers.