Business Briefs: Mark Zuckerberg, China tariffs, Bitcoin Twitter accountPosted: Updated:
Facebook CEO Mark Zuckerberg will testify before Congress at 2 p.m. today to answer questions about the Cambridge Analytica data scandal that exposed the private information of 87 million Facebook users. Zuckerberg will meet with the Senate today and the House on Wednesday. According to Cheddar, in his pre-released opening statement, Zuckerberg took responsibility for what happened. Now some investor groups are calling for him to resign.
Perhaps a trade war with China can be avoided. China's president now says he'll lower tariffs on automobile imports this year and further open China's economy to the world. In a tweet, Tesla CEO Elon Musk, calls it an important action by China, and avoiding a trade war will benefit all countries.
Twitter briefly suspended the @Bitcoin account over the weekend. The Verge reports that the account was then taken over by two different users, before the owner of the account could regain access on Monday. A Twitter spokesperson denied to comment about the suspension, but the original user claims to have lost more than 750,000 followers.