Testifying in front of Congress doesn’t mean anything. That’s just a dog & pony show meant to placate the rubes. NOTHING ever happens as a result.
Look at Tickemaster/ Live Nation. They e had to explain themselves a number of times to Congress over the last 30 years, and they’ve only gotten bigger and more predatory. It finally took all those politicians trying to get Taylor Swift tickets for their screeching daughters that made them angry enough to finally do something about it. They are finally having a trial about it, but it’s still unclear if they’ll feel any consequences or make any changes.
Testifying in front of congress was more of a reference point. There was such a concern about it almost a decade ago that Zuck had to testify in front of congress which equated to more exposure of the problem. Eight years later and it’s worse than ever. People don’t care if the product provides enough value to them.
Testifying in front of Congress doesn’t mean anything. That’s just a dog & pony show meant to placate the rubes. NOTHING ever happens as a result.
Look at Tickemaster/ Live Nation. They e had to explain themselves a number of times to Congress over the last 30 years, and they’ve only gotten bigger and more predatory. It finally took all those politicians trying to get Taylor Swift tickets for their screeching daughters that made them angry enough to finally do something about it. They are finally having a trial about it, but it’s still unclear if they’ll feel any consequences or make any changes.
Testifying in front of congress was more of a reference point. There was such a concern about it almost a decade ago that Zuck had to testify in front of congress which equated to more exposure of the problem. Eight years later and it’s worse than ever. People don’t care if the product provides enough value to them.