Blumenthal Rips into Zuckerberg: Your Business Model Is to ‘Maximize Private Profit Over Privacy’

EXCERPT:

BLUMENTHAL: "We have letters, we've had contacts with Facebook employees and I’m going to submit a letter for the record from Sandy Parakilas, with your permission that indicates not only a lack of resources but lack of attention to privacy. And so, my reservation about your testimony today is that I don’t see how you can change your business model unless there are specific rules of the road your business model is to monetize user information, to maximize private profit over privacy, and unless there are specific rules and requirements, enforced by an outside agency, I have no assurance that these kinds of vague commitments are going to produce action."