Facebook chief govt Mark Zuckerberg informed lawmakers Tuesday that he doesn’t consider his firm is a monopoly.

Zuckerberg rejected the suggestion in a Senate listening to that the social media big, with over two billion customers worldwide, has unique management over its market.

“It definitely does not really feel like that to me,” he stated when requested by Republican Senator Lindsey Graham if he thinks Fb has a monopoly.

“The common American makes use of eight completely different apps to speak with their mates and keep in contact with folks. Starting from texting apps to e-mail,” he stated.

Google, Apple, Microsoft, and Amazon all do a number of the issues that Fb does, he informed Graham.

However Zuckerberg, beneath assault for leaks of the non-public knowledge of tens of thousands and thousands of customers, stated he was open to some authorities regulation.

“My place just isn’t that there must be no regulation,” he informed the panel.

“I believe the true query because the web turns into extra essential in folks’s lives is what’s the proper regulation,” he stated.

He stated he was prepared to work with Congress on what varieties of regulation can be essential for the social media trade, pointing to Europe, the place there are tighter guidelines on corporations harvesting and advertising and marketing consumer knowledge.

“I believe they get issues proper,” he stated of the Europeans.

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