Video

Facebook has ‘a lot of work to do’ Zuckerberg tells committee

The view Mark Zuckerberg, chairman and CEO of Facebook, will have during the House Financial Services hearing intended to examine the impacts of Facebook on the financial services and housing sectors on Wednesday. (Bill Clark/CQ Roll Call)

Mark Zuckerberg, the chairman and chief executive officer of Facebook, told a House Committee on Wednesday the company has faced “a challenging few years” but argued plans to launch a new cryptocurrency called Libra would have a positive impact for society.

“We can make a difference in people’s lives,” Zuckerberg told the House Financial Services Committee.

Get breaking news alerts and more from Roll Call on your iPhone.