- Peppered with lawmaker questions in Senate and House appearances in April, Facebook (NASDAQ:FB) CEO Mark Zuckerberg often replied that he'd have to get back to questioners with more detailed answers.
- That homework has come due, the WSJ notes, with the company turning over 450 pages of documents -- but with some evasions and no particular bombshells.
- The company said it's learning from mistakes and transferring more control to users, but deflects questions aimed at establishing whether Facebook has market power.
- A few lawmakers had asked whether Facebook considered itself a monopoly, but the company says it's facing healthy competition and that average Americans use eight different apps to stay in touch with people. (Facebook owns four of the most downloaded free mobile apps, and Twitter (NYSE:TWTR) and Snap (NYSE:SNAP) have user bases a fraction of Facebook's size.)
- Previously: Live updates: Facebook's Zuckerberg faces Senate questions (Apr. 10 2018)
- Previously: Facebook rising again as Zuckerberg faces House questions (Apr. 11 2018)