The Presidential Daily Brief

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    Questions of Regulation Loom Over Facebook

    For two straight days, CEO Mark Zuckerberg fielded questions from displeased lawmakers probing his company’s practices. While the hearings passed with little controversy — and even added $17 billion to Facebook’s market value on Tuesday — the question now facing the social network is whether it’ll see increased government oversight. In his testimony, Zuckerberg conceded that the prospect was “inevitable,” but he also warned against overdoing privacy regulations, which could impact the company’s profitability. House Commerce Chair Greg Walden called Facebook’s string of scandals “a wake-up call for Silicon Valley.”

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