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And don't miss Alex Webb on Facebook's failures: "The problem is that Facebook's actions seem largely not to have matched its lofty words. So much has been characterized by obfuscation. Zuckerberg repeatedly conflated data and content in his testimony to U.S. lawmakers. When confronted with the same topic on Wednesday as it pertained to the collection of cookies from third-party websites, Schroepfer hastily claimed (misleadingly) such data's sole value was in identifying fake accounts. The reality is that it allows for better ad targeting."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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