Situational awareness: The Dow Jones Industrial Average made a remarkable recovery today, surging from 500 points down to finish up more than 200.
Facebook says 87 million people may have been affected by the Cambridge Analytica scandal, a significantly higher number than the 50 million described in earlier news reports from The Guardian and New York Times.
“We didn’t take a broad enough view of what our responsibility is and that was a huge mistake."— Facebook CEO Mark Zuckerberg on a conference call with reporters
Asked by a reporter on the conference call if he thinks he’s still the best person to lead Facebook, Zuckerberg replied: “Yes … I think life is about learning from the mistakes and figuring out what you need to do to move forward … What people should hold us accountable for is learning from the mistakes.”
What they're doing about it: The company is announcing nine changes to how it shares data in response to the data improperly shared with Cambridge Analytica. Earlier today the company updated its terms of service for first time since 2015.
Stay tuned: Zuckerberg is heading to Capitol Hill next week. He'll testify before the House Energy and Commerce Committee on April 11th.
A new Elvis TV documentary is coming later this month on HBO, the A.P.'s Kristin M. Hall reports: