In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
Stocks in Asia traded lower on Monday morning, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
Zuckerberg said that Facebook provided control, accountability and transparency about how data is used, referring to values enshrined in the EU's General Data Protection Regulation (GDPR).
"These are values that we've always shared for Facebook's whole existence," Zuckerberg said at the Viva Technology conference in Paris.
"A huge part of what we do is make sure that people have the tools to share information, whether that's a photo that you care about or a message with exactly the people who you want to share it with. So that way we can get to what we really care about, which is helping people connect."
GDPR, which comes into force on Friday, threatens to fine firms up to 4 percent of annual global turnover or 20 million euros ($23.5 million), whichever is the larger amount. It forces companies to be more clear on consent to use and share customer data and allows consumers to request that firms delete all information companies have on them — known as the "right to be forgotten."
Zuckerberg said: "A lot of the philosophy that is encoded in regulation like GDPR is really how we've thought about a lot of this stuff for a long time.
"I don't want to understate the areas where there are new rules that we've had to go implement but I also don't want to make it seem like this is a massive departure in how we've thought about this stuff either."
Zuckerberg's comments come just a day before GDPR becomes enforceable. The company is currently asking users around the world to review their privacy settings, ahead of the law's implementation date.
Politicians in the U.S. and Europe are seeking answers from Facebook after it was revealed that the data of tens of millions may have been improperly shared with political data firm Cambridge Analytica.
Cambridge Analytica briefly worked for President Donald Trump's 2016 election campaign. Concerns have been raised over whether targeted advertising techniques and the use of Facebook data may have played a role in swaying elections.
Facebook has admitted that 87 million users' data may have been shared with Cambridge Analytica. So far, Zuckerberg has been grilled by European representatives and U.S. lawmakers, but has turned down invitations to appear before U.K. parliamentarians.