Zuckerberg Issues Statement On Cambridge Analytica: "We Made Mistakes"

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After three days of being inexplicably missing from the public arena at a time when Facebook stock was crashing, the company was being sued, and shareholders were demanding answers, moments ago CEO Mark Zuckerberg finally broke his silence, and published a statement on Facebook, updating on the Cambridge Analytica situation, "including the steps we've already taken and our next steps to address this important issue."

While we repost the full statement below, the following excerpts are key:

We have a responsibility to protect your data, and if we can't then we don't deserve to serve you. I've been working to understand exactly what happened and how to make sure this doesn't happen again. The good news is that the most important actions to prevent this from happening again today we have already taken years ago. But we also made mistakes, there's more to do, and we need to step up and do it.

Translation: Facebook never did audits of what apps have access to user data to determine if they complied with the TOS. Which is perfectly understandable: after all Facebook is in the "selling user data" business not "protecting user data" business.

And then there was this:

I started Facebook, and at the end of the day I'm responsible for what happens on our platform. I'm serious about doing what it takes to protect our community. While this specific issue involving Cambridge Analytica should no longer happen with new apps today, that doesn't change what happened in the past. We will learn from this experience to secure our platform further and make our community safer for everyone going forward.

So Zuckerberg "takes responsibility"... he just won't change the Class B super-structure that makes him immune to any shareholder ire or, well, responsibility. He also promises to not share your data... except perhaps with those who only pay Facebook for your data, i.e. advertisers, but unlike Cambridge Analytica promise not to disclose to the world that they have it.

Incidentally, there was one word missing the disingenuous, dissembling 937-word statement, the only word that matters: "advertising."

His full statement is below: