Mark Zuckerberg Testifies

The entire time Mark Zuckerberg testified to Congress, his company added an extra $24 billion to its market capitalization. Today alone, Facebook’s stock rose 0.8 percent according to Bloomberg data. How is this possible? How is he still winning? Any CEO facing a firing squad of house and senate representatives asking questions that would arguably plant seeds of distrust between consumers and the product sold should equal to a stock plummeting on the NYSE. And yet, Zuckerberg thrived. The committee might have been asking the questions, but the 33-year-old CEO always held the power. The two-day hearing confirmed that we are living in an age where technical innovation is moving faster than regulatory systems or civic norms. Lawmakers cannot keep up. READ MORE