Zuckerberg Defends Facebook Data Practices in WSJ Op-Ed
Facebook Inc. (FB) - Get Report CEO Mark Zuckerberg defended his company's data practices in an op-ed piece appearing in Friday's print edition of The Wall Street Journal.
Zuckerberg denied that Facebook ever sells user data, and said it wouldn't be in the company's interest to do so.
He acknowledged Facebook collects substantial amounts of data on users. "We give people complete control over whether we use this information for ads, but we don't let them control how we use it for security or operating our services," Zuckerberg wrote.
Facebook has been ensnared in controversy surrounding its data practices following revelations last March that consulting firm Cambridge Analytica obtained and used data on millions of Facebook users in its work for Donald Trump's presidential campaign.
"We need to be clear about the ways we're using information, and people need to have clear choices about how their information is used. We believe regulation that codifies these principles across the internet would be good for everyone," Zuckerberg wrote.
Facebook shares have fallen 33% from their 52-week high of $218.62 set last summer. The stock rose 1% Thursday to $145.83.
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