Zuckerberg’s Testimony and the Future of Facebook
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 11 April 2018
⏱️ 22 minutes
🧾️ Download transcript
Summary
On Tuesday, Facebook CEO Mark Zuckerberg testified before Congress. Shares of Facebook recorded their best day in two years. On Wednesday, Zuckerberg continued his testimony. Motley Fool analysts Matt Argersinger and David Kretzmann weigh in on what it means for investors and discuss the implications for other big tech stocks.
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Transcript
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| 0:00.0 | Thanks to Slack for supporting the Motley Fool. |
| 0:02.4 | Slack is a collaboration hub that lets you organize your team's work into channels |
| 0:06.6 | where everyone is included, relevant information is in one place, |
| 0:10.2 | and new team members can easily get up to speed. |
| 0:13.5 | Learn more at slack.com. |
| 0:16.0 | It's Wednesday, April 11th. |
| 0:20.0 | Welcome to Market Flory. |
| 0:21.0 | I'm Matt Greer, and joining me in studio we have Motley full analyst |
| 0:24.6 | Matt Argersinger and David Kretsman. |
| 0:27.1 | Guys, welcome. |
| 0:28.3 | Hey, Mac, thanks, Mac. |
| 0:29.5 | Guys, how you feeling? |
| 0:30.6 | Feeling better than suck today? |
| 0:32.4 | I think so yeah better than |
| 0:33.8 | suck well you know we're gonna talk some Zuck day two of Facebook CEO Mark |
| 0:38.3 | Zuckerberg's appearance before Congress now guys yesterday's testimony seemed to get pretty good reviews so far. |
| 0:45.0 | Yeah, stock was up 4% or so. |
| 0:48.0 | Yeah, 4%, so that was the best, I think, day for Facebook shares in two years. |
| 0:52.0 | So yesterday, yesterday guys Zuckerberg accepted |
| 0:54.6 | responsibility for Facebook's privacy breach saying the company made a |
| 0:58.6 | quote big mistake end quote. He also went on to say that the company should have taken a quote broader view of its |
| 1:06.2 | responsibilities. And another thing he mentioned as part of his testimony guys is that Facebook, |
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