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Mark Zuckerberg survived his first clash with Congress. Now it's time for round two.
The Facebook CEO is currently testifying before a US Congressional House committee following a series of bruising scandals for the social network, from the spread of Russian propaganda on its platform to Cambridge Analytica's misappropriation of up to 87 million users' data.
In the first part of the hearing, the 33-year-old Zuckerberg revealed his personal data had been harvested by malicious actors on the platform, said Facebook was considering suing Cambridge Analytica, and pushed back against allegations that Facebook censors conservatives.
Questioning has been considerably more aggressive and informed than a 5-hour hearing in front on a Senate joint committee on Tuesday. Here's the latest:
- LIVE: Mark Zuckerberg is being grilled by Congress in his second day of testimony
- Mark Zuckerberg says that even he had his personal Facebook data scraped by Cambridge Analytica
- Facebook in Europe is about to get massively disrupted by new laws meant to bring it to heel
- Mark Zuckerberg's personal notes hint that Facebook isn't ready for GDPR
- Father of virtual reality: Facebook and Google are dangerous 'behavior-modification empires' resulting from a tragic mistake
- How Facebook makes money from your data, in Mark Zuckerberg's words
- Mark Zuckerberg gave his grueling, 5-hour testimony to Congress from a 4-inch booster seat
- The most popular Black Lives Matter Facebook page turned out to be fake - and some of the money it raised may have been funneled overseas
In finance news, struggling hedge fund Folger Hill is merging with another fund. And a veteran Wall Streeter has left Credit Suisse for a crypto trading desk.
In markets news, US stocks tumbled Wednesday as President Donald Trump escalated tensions with Russia through a series of tweets, rattling investor nerves at a time when fears of a global trade war were starting to ebb.
Here's the latest:
- Trump's Russia tweetstorm is just his latest market-disrupting action as the Dow whipsaws
- BANK OF AMERICA: A wildly successful stock-trading strategy is no longer working - and it signals that a bubble has burst
- ALBERT EDWARDS: The market is overlooking an 'extreme' situation that could spell doom for stocks
- Stocks are fast approaching a level that would trigger a 'wave of selling,' UBS warns
Lastly, the 32-year-old Lakers guard who made his NBA debut after 10 years in the G League lit it up, earned MVP chants, and became the feel-good story of the season.