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Facebook's COO Sheryl Sandberg and CTO Mike Schroepfer at Code Conference. Photo: Asa Mathat for Vox Media

Why wasn’t anyone at Facebook fired over the situation with Cambridge Analytica?

Facebook's Sheryl Sandberg took that first question on stage at the Code Conference Tuesday and replied, "We do fire people at Facebook. We don’t trot them out and make examples of them."

Buck stops with Zuck: Ultimately, Sandberg said, these problems lie on the shoulders of the company's founder and CEO: "Mark [Zuckerberg] has said very clearly on Cambridge Analytica, he designed the platform and he designed the policies and he holds himself responsible."

What else she said:

  • Sandberg reiterated past statements from both Zuckerberg and her that the company didn't react fast enough to problems around election interference, fake news and Cambridge Analytica's use of data: "We have said we are sorry, but sorry is not the point."
  • She said Facebook still doesn't know what data Cambridge Analytica had because an audit of that company's files hasn't yet taken place.
  • In response to a question from Axios, Sandberg said that Facebook didn't see evidence during the election campaign that the Trump team had a suspicious amount of data on voters during 2016 election. "Not really," Sandberg said.
  • Asked whether Facebook would ever offer users a paid service as an alternative to its advertising model, Sandberg said: "We've looked at subscriptions and we will continue to look at them. We are committed to providing a free service. We're looking. We've always looked. But the heart of the service is a free service." She declined to comment on how far the company has gone toward designing or building such a service.

Go deeper

4 mins ago - Technology

Facebook Oversight Board overturns 4 of its 5 first cases

Illustration: Aïda Amer/Axios

Facebook's independent Oversight Board published its first set of decisions Thursday, overturning 4 of the 5 cases it chose to review out of 20,000 cases submitted.

Why it matters: The decision to go against Facebook's conclusions in 4 out of 5 instances gives legitimacy to the Board, which is funded via a $130 million grant from Facebook.

New York AG: State severely undercounted COVID nursing home deaths

Gov. Andrew Cuomo. Photo: Lev Radin/Pacific Press/LightRocket via Getty Images

Data from New York's public health department undercounted COVID-19-related deaths in nursing homes by as much as 50%, according to a report released Thursday by state Attorney General Letitia James.

The big picture: Gov. Andrew Cuomo's administration did not include nursing home patients who died after being transferred to the hospital in its tally of over 8,500 nursing home deaths, according to the report. Data provided to the attorney general's office from 62 nursing homes "shows a significantly higher number of resident COVID-19 deaths can be identified than is reflected" in the official count.

Trading platforms curb trading on high-flying Reddit stocks

Major trading platforms including Robinhood, TDAmeritrade and Interactive Brokers are restricting — or cutting off entirely — trading on high-flying stocks like GameStop and AMC Entertainment.

Why it matters: It limits access to the traders that have contributed to the wild Reddit-driven activity of the past few days — a phenomenon that has gripped Wall Street and the country.