Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Facebook's Damage to Self-Worth Will 'Haunt a Generation,' Blumenthal Says
Posted
October 5, 2021
Views
374
Likes
7
Comments
2
Engagement
October 5, 2021
374
7
2
2.41%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
2:16Now PlayingThe Facebook Inc. whistle-blower who turned over internal company documents to U.S. securities regulators is set to share her story publicly in Congress on Tuesday, planning to testify that the company misled the public and shareholders about the harmful effects of its platforms.
“Facebook became a $1 trillion company by paying for its profits with our safety, including the safety of our children,” Frances Haugen said in remarks prepared for a U.S. Senate hearing. “I came forward because I recognized a frightening truth: almost no one outside of Facebook knows what happens inside Facebook. The company’s leadership keeps vital information from the public, the U.S. government, its shareholders, and governments around the world.”
The hearing comes the day after Facebook and its photo-sharing platform Instagram and messaging service WhatsApp experienced rare global outages, and two days after Haugen revealed her identity in an interview with CBS’s “60 Minutes” on Sunday evening. The company’s shares fell 4.9% Monday, the most since November.
Subscribe to our YouTube channel
Subscribe to our newest channel Quicktake Explained
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
