TODAY.
THAT IS A BIG DEAL, WHEN YOU
PULL IN THE GUYS SAY WHAT ARE
YOU UP TO HERE, PULLING THEM
BEFORE CONGRESS.
THAT IS A BIG DEAL.
GREG WALDEN, HEAD OF ENERGY AND
COMMERCE COMMITTEE.
GREG, WELCOME BACK TO THE
PROGRAM.
CAN YOU TELL ME IF YOU HAVE ANY
PARTICULAR KIND OF REGULATION
THAT YOU WOULD LIKE TO SEE
APPLIED TO FACEBOOK?
>> WELL WE'RE GOING TO GET AN
ANSWER TO THAT.
WE'RE ALSO HAVING OUR STAFF MEET
WITH THE FACEBOOK FOLKS TODAY.
THEY'RE BRIEFING OUR STAFF.
WE ASKED HIM TO COME IN AND DO
THAT.
THAT LEADS TO THE NEXT SET OF
QUESTIONS, WHAT HAPPENED, HOW
LONG DID IT GOING ON, VIOLATING
EXISTING RULES UNDER THE FEDERAL
TRADE COMMISSION ON THEIR
DISCLOSURES?
WHEN YOU SIGN UP, WHEN YOU GO ON
ANY OF THESE SITES THERE IS A
DISCLOSURE WHAT THEY WILL DO
WITH YOUR DATA AND WHAT THEY
WON'T.
THAT IS UNDER THE FEDERAL TRADE
COMMISSION WHICH WE HAVE
JURISDICTION ON THE ENERGY AND
COMMERCE COMMITTEE.
WE TAKE IT VERY SERIOUSLY.
THE AMERICAN PEOPLE SHOULD TAKE
IT SERIOUSLY, IT IS THEIR DATA
OR IS IT, STUART.
THAT IS THE QUESTION.
STUART: IF IT IS YOUR DATA WHAT
ARE THEY ALLOWED TO DO WITH IT?
THAT IS THE BIG QUESTION GOING
FORWARD.
>> IT IS THEIR BUSINESS MODEL.
