Mark Zuckerberg escaped a joint Senate hearing Tuesday afternoon by dodging questions about regulating Facebook, but he conceded Wednesday that regulation is “inevitable.”
“The Internet is growing in importance around the world […] and I think that it is inevitable that there will need to be some regulation,” he told Rep. Fred Upton, R-Mich., when asked about possible regulations that would affect the company he founded.
He made it clear again that he is going to be very wary of any regulation placed on Facebook.
“So, my position is not that there should be no regulation, but I also think you have to be careful about what regulation you put in place. A lot of times regulation by definition puts in place rules that a company that is larger that has resources like ours can easily comply with, but that might might be more difficult for a smaller start-up to comply with. These are all things that need to be though through very carefully when thinking through what rules we need to put in place,” Zuckerberg explained.
On Tuesday, Zuckerberg said he’s “not the kind of person who thinks that all regulations are bad.”
In the joint Senate hearing Tuesday, he told Sen. Lindsey Graham, R-S.C., that he was willing to submit regulations his company would be OK with, but had no further specifics.
[9 key moments from Mark Zuckerberg’s testimony on Capitol Hill]
