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Scoop: Zuckerberg finally plans to speak

Mark Zuckerberg in 2016. Photo: Lluis Gene / AFP / Getty Images

Axios is told that Facebook CEO Mark Zuckerberg plans to speak out in the next 24 hours on the data-harvesting revelations that have hammered his stock price, inflamed lawmakers in D.C. and Europe, and trapped his social network in a crisis of trust.

Quote"It’s a big deal, and he knows it."
— A source close to Zuckerberg

What's been happening: We're told that Zuckerberg was initially more focused on how to fix the problems than on what to say. But that left a vacuum that provoked merciless coverage, increased lawmakers' suspicions, and even left some employees demoralized.