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The committee will come to order. Without objection the chair is authorized today declare a recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today, were here to examine the impact of facebook on the Financial Services and housing sectors. Our sole witness is facebooks chairman and ceo, mark zuckerberg. Facebooks plans to create a digital currency, libra, and a digital wallet raise many concerns relating to privacy, trading r...

Statement. Online content moderation has largely enabled the internet experience that we know today. Whether looking up restaurant reviews on yelp, catching up on s l on youtuber checking on a friend or loved one on social media. These are experiences that we come to know and rely on. And the plot form that we go to to do these things have been enabled the User Generated Content as well as the ability of these companies to moderate that content in creek communities. Section 230 of the Communications Decency act has enabled that ecosystem to does all. By giving Online Companies the ability to m...

[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to ord order. [inaudible conversations] [inaudible conversations] [inaudible conversations] without objection the chair is authorized to declare recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today we are here to examine the act of facebook on the Financial Services and housing sectors. Our sole w...

500 today, Texas Instruments, down about 7 . Thats your biggest decliner in the Philadelphia Semiconductor index, dragging most of the chip stocks lower. A lot of folks thought that the decline in those chip stocks, the decline in that memory cycle, that hit bottom. The results we got out of Texas Instruments seems to suggest that bottom not quite there. And youre seeing bids coming into the havens. 10year treasury yield down to 1. 73. Its interesting, the bond bulls not deterred, buying the dip every chance they get. We dont look at bitcoin very often, but worth it today. Down about 8 , down ...

Experience that we know today. Whether looking up restaurant reviews on yelp, catching up on s l on youtuber checking on a friend or loved one on social media. These are experiences that we come to know and rely on. And the plot form that we go to to do these things have been enabled the User Generated Content as well as the ability of these companies to moderate that content in creek communities. Section 230 of the Communications Decency act has enabled that ecosystem to does all. By giving Online Companies the ability to moderate content without equating them to the publisher or speaker of t...