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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."

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

"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."
— Zuckerberg

Facebook also announced concrete actions in a separate post. It will:

  1. Notify users if it knows an app has been misusing data. "Moving forward, if we remove an app for misusing data, we will tell everyone who used it."
  2. Turn off access for unused apps. "If someone hasn’t used an app within the last three months, we will turn off the app’s access to their information."
  3. Limit the amount of data given to those that use Facebook Login, its authentication platform
  4. Go back and review pre-2014 apps that, like the one at the center of this scandal, had access to wide swaths of data including information not just by those using the apps, but also their friends. "We will conduct a full audit of any app with suspicious activity. If we find developers that misused personally identifiable information, we will ban them from our platform."

But there is a ton that wasn't said in either post, including his response to criticisms over how long Facebook took to disclose what it knew in this case as well as the many calls for new regulations and for company executives to testify.

Sandberg too: Also breaking her silence was Sheryl Sandberg, who shared Zuckerberg's post and adding "You deserve to have your information protected - and we'll keep working to make sure you feel safe on Facebook. Your trust is at the core of our service. We know that and we will work to earn it."

Initial reactions: Shares of Facebook inched up after the post, though many on Twitter noted how modest the specific changes being are. Meanwhile, Sen. Ed Markey replied to Zuckerberg, saying "You need to come to Congress and testify to this under oath."

But, but, but: What Zuckerberg didn't say in his note.

What's next: Zuckerberg is set to appear on CNN tonight.

Go deeper

Intel CEO calls for "moonshot" to boost U.S. role in chipmaking

Intel CEO Pat Gelsinger. Photo: intel

Intel CEO Pat Gelsinger called Monday for the U.S. to spend billions of dollars over the next few years as part of a "moonshot" designed to regain lost ground in semiconductor manufacturing. The goal, he said, is to see the U.S. again account for a third of global output, up from about 12% today.

Why it matters: Investments made now will take several years to bear fruit, so they won't do much to ease the current semiconductor shortage, but they're vital to America's long-term economic future and national security, Gelsinger told Axios on Monday.

Ant Group gets new marching orders from regulators in China

Illustration: Sarah Grillo/Axios

Uncertainty surrounding the future of China’s giant fintech company Ant Group cleared up on Monday after years of friction with its domestic regulators.

Driving the news: Ant is shedding its cool tech image and stepping into a new identity as a financial holding company — the result of forced changes by several banking and securities agencies in China.

Updated 3 hours ago - Axios Twin Cities

Police: Officer who shot Daunte Wright accidentally pulled gun instead of taser

The officer who fatally shot Daunte Wright, a 20-year-old Black man, outside Minneapolis Sunday appeared to have inadvertently pulled out her gun instead of a taser, police said.

Driving the news: "This appears to me, from what I viewed in the officer's reaction and distress immediately after, that this was an accidental discharge that resulted in the tragic death of Mr. Wright," Brooklyn Center Police Chief Tim Gannon told reporters Monday.