The next two days will probably be some of the most important in Mark Zuckerberg’s professional life. Lawmakers are readying to question the Facebook CEO about the Cambridge Analytica scandal, which broke into the open last month and may have compromised the data of as many as 87 million platform users. In his [prepared](http://docs.house.gov/meetings/IF/IF00/20180411/108090/HHRG-115-IF00-Wstate-ZuckerbergM-20180411.pdf) opening statement, Zuckerberg conceded that the company “didn’t take a broad enough view of our responsibility, and that was a big mistake.” “It was my mistake, and I’m sorry.” His *mea culpa* may not find a sympathetic audience in Washington, though. “I think that lawmakers are probably going to be going for headlines,” said Aaron Pressman, Senior Technology Reporter at Fortune Magazine. “They’re probably [going to attack](https://cheddar.com/videos/what-would-a-successful-zuckerberg-testimony-look-like) more of the problems than [find] solutions.” To add to the high-stakes political minefield, lawmakers’ lines of questioning will inevitably run along party lines, said Ali Breland, technology and politics reporter at The Hill. “Going into it Democrats have already signaled that they’re going to be...a little bit more aggressive than Republicans,” said Breland. “[On the Republican side] there will be some outliers...where people kind of go back to the sort of conservative bias that Facebook has been accused of having.” If Zuckerberg’s charm offensive works to keep the conversation focused around the ways the company has tried to combat the problem, “that would be a big win for Facebook,” said Pressman. Facebook recently announced a slew of changes to its privacy policies and data protections, including reducing the amount of information that app developers have access to and verifying entities that want to run political ads on the platform. The hearings could hint at the kinds of regulations, if any, the government may usher in for the social media company going forward, which would ultimately impact Facebook’s bottom line and investor confidence. Tune in to Cheddar Tuesday and Wednesday for live coverage of Zuckerberg’s hearings. For the full interview, [click here](https://cheddar.com/videos/what-to-expect-at-zuckerbergs-capitol-hill-hearing).

Share:
More In Business
Spain fines Airbnb $75 million for unlicensed tourist rentals
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot files for bankruptcy protection; will be taken private under restructuring
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia organized crime prosecutors charge minister, others in connection with Kushner-linked project
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Load More