Radio Sputnik discussed this issue with Vince Mitchell, Professor of Marketing at the University of Sydney Business School.
"I consider us to be a technology company, because the primary thing that we do is have engineers who write code and build products and services for other people", he said.
Zuckerberg also appeared willing to work with lawmakers on possible regulations, which we think may actually create a barrier to entry in the social network space and help Facebook maintain its market leadership.
"With all due respect, Facebook is enabling illegal activity, and in doing so doing you are hurting people", the congressman said. And so what chance do other companies who are less well-skilled, less well-resourced that we also invest our personal data in, what chance do these companies have at keeping the personal data safe if Facebook can't?
"We have no reason to believe Facebook won't share - or otherwise figure out how to exploit - what they collect on kids", Steyer said this week. It was one of many questions put to him during his interview in front of politicians at the US Congress where he was in attendance to explain about the company's data abuse scandal and how it uses data.
Zuckerberg agreed: "If there's an imminent threat of harm, we're going to take a conservative position on that and make sure that we flag that and understand that more broadly".
The stock is still down about 7% this year though, making Facebook the worst perfomer among big tech stocks. The social network had even kept a permanent record of the roughly 100 people I had deleted from my friends list over the last 14 years, including my exes. Did Zuckerberg reveal we will all soon be paying for the site? And certainly in Europe this is happening.
Zuckerberg faces tougher questions at House hearing
In light of these recent revelations, Privacy International on Wednesday called for "real data protection-not just better privacy settings". Until two weeks ago, when they announced they were ending it, they were actually buying data from data brokers about your offline transactions and all the stuff that they couldn't see when you were on the Internet: your level of income, your auto ownership.
Dingell expressed frustration with Zuckerberg's frequent promises to get back to lawmakers later in writing.
But Jim Steyer, president of San Francisco-based Common Sense Media, which is part of the alliance of children's advocacy groups that in January asked Facebook to pull the plug on Messenger Kids, has his doubts.
"This is their information, they own it", he added. They were joined by Chirag Bhatt of the office collaboration platform Flock as well as Chris Kelly who runs Survata, an online survey company.
That may change in the future.
Sputnik: What do you think is going to happen as far as the regulation and as far as people are being more proactive?
"The core elements of Facebook, the fact that it hosts profiles from 2.3 billion people, that it has an algorithm that amplifies things that generate strong emotions", Vaidhyanathan said.
Uber still believes autonomous vehicles have a future, says CEO
You'll be able to get an Uber . "Now you can take a bike to rent your vehicle and go buy groceries". Uber earlier this week announced its acquisition of dockless bike-sharing service Jump .
Israel's Labor Party Leader Suspends Ties With Jeremy Corbyn for 'Enabling anti-Semitism'
Corbyn demanded that Prime Minister Theresa May support the United Nation's call for an independent worldwide inquiry. In the past it has tweeted that "Israel is a steaming pile of sewage which needs to be properly disposed of".
Chelsea make contact with 'very intrigued' Maurizio Sarri about replacing Antonio Conte
Conte will therefore have to name a strong line up to face the south coast side, as he aims for only his second away win in 2018. They are 10 points behind fourth-placed Tottenham, and likely to miss out on a Champions League place.