Zuckerberg says he's 'very confident' that Facebook will recover

Mark Zuckerberg.
(Image credit: Alex Wong/Getty Images)

Facebook's public trust is plummeting in the wake of privacy scandals, but the company's chief executive isn't worried.

Mark Zuckerberg said that he has no intention of resigning from his post as Facebook's CEO and chairman, even in the face of a federal investigation and calls for significant changes to the social media platform's privacy policies. In an interview with The Atlantic, Zuckerberg says that the company has "worked on a lot of hard problems over the last 14 years building Facebook. I'm very confident that we're gonna be able to work through these issues."

Last month, reports found that Cambridge Analytica, a data firm with ties to President Trump's 2016 campaign, had improperly accessed and shared information from as many as 87 million users. Other third-party organizations reportedly used similar tactics to harvest data, and the "breach of trust" has led to a public outcry and a 14 percent drop in Facebook's stock.

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Zuckerberg announced Monday that Facebook would deploy an election research committee to assess how the platform could be used to manipulate elections and exploit user data. The committee will be funded by several independent foundations, and Facebook will take a hands-off approach to allow researchers to publish any conclusion they reach. Zuckerberg will testify before Congress this week to address privacy concerns. Read more at The Atlantic.

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