Facebook CEO Mark Zuckerberg, appears on stage during a town hall at Facebook's headquarters in Menlo Park, California, U.S., September 27, 2015. REUTERS/Stephen Lam
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Facebook Inc. CEO Mark Zuckerberg plans to testify before U.S. Congress, a source briefed on the matter said Tuesday, as he bows to pressure from lawmakers insisting he explain how 50 million users' data ended up in the hands of a political consultancy.Facebook said Tuesday the company had received invitations to testify before Congress and that it was talking to legislators.Facebook shares closed down 4.9 percent Tuesday and have fallen almost 18 percent since March 16, when Facebook first acknowledged that user data had been improperly channeled to Cambridge Analytica, which was hired by Donald Trump's 2016 presidential campaign.Analytica said last Monday it did not use Facebook data in Trump's campaign and that it had deleted all Facebook data it obtained from a third-party app in 2014 after learning the information did not adhere to data protection rules.
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