 First on diversity and inclusion First on diversity inclusion. Whoa. Whoa. Wait a minute Hold on time out weren't we talking about Libra Cryptocurrency Changing the world making the world a better place for users of Facebook and generally people all over the world and and and Zuckerberg Zuckerberg emphasized The benefits to poor, you know his his he has to I mean he has to play up to the altruism, but Inclusion and diversity This book has utterly failed the Facebook's executive ranks and workforce Continue to be mostly white and male since Reverend Jesse Jackson and the rainbow push coalition called upon Silicon Valley companies including Facebook to release its diversity These statistics more than five years ago the representation of African Americans and Hispanics has increased by less than 2% Facebook also told us that they have zero dollars managed by diverse firms Unbelievable Facebook has failed Facebook is a horrible company It has failed why because it hasn't met Maxim Walter standards for what diversity looks like not only don't they have a diverse employee base But they also don't have a diverse I Don't know investment management team. I mean every aspect of every Aspect of every company now has to qualify by some standard that Jesse Jackson determines of a diversity looks like Tell what have you changed the world? Tell what have you made the lives of people better? Tell with what are you doing? This is this is what they're talking about unfair housing They have look has been sued by the National Fair Housing Alliance for enabling Advertises to engage in discrimination on its advertising platforms the US Department of Housing and Urban Development Has also filed an official charge of discrimination Against Facebook for its advertising practices Including the company's own ad delivery algorithms which were found to have a discriminatory Impact when advertisers did not target their audience in discriminatory ways So the algorithm is discriminating Not just the advertising and discriminating now the algorithms are discriminating. I mean I know Contributives, you know think the algorithms discriminate against them might always think the algorithms discriminate against them I mean, I think the algorithms discriminate against me I mean I should have hundreds of thousands of of likes on Facebook and I don't and obviously they discriminate against me I mean Facebook discriminates against everybody and it's all in the algorithms Does she even know what an algorithm is and I don't mean there's an insult to Representative Walters. I think this is to all congressmen. Do they even know what an algorithm is could they specify an algorithm? Do they have they have seen an algorithm? I mean Again, I emphasize these are politicians who've done nothing and We're talking about we're supposed to be talking about a cryptocurrency. What does this have anything to do with it? Nothing, but you'll see none of the comments by congressmen that I've got for you have anything to do with Liba the cryptocurrency. I Understand that Facebook has refused to cooperate with Hertz fair housing Investigation I would be refusing to provide relevant data on Competition and fairness Facebook is a subject of an antitrust investigation by the First on the so yes, so Facebook is indeed an investigation by the I Think 46 47 attorney generals and this and the Justice Department for antitrust violations They hate Facebook and they want to break it up and indeed this is this is the one of the few topics The Democrats and Republicans agree on they all want to go after Facebook now I'd never seen representative. I'll green I guess before maybe I have but I didn't pay attention to him but this is off the charts so This makes me seem waters seem rational listen to this That the Libra association Overseas the Libra project Congressman yes, and is it true that Global corporations make up the association Global cooperation codeword for those powerful corporations to make a lot of money and control the world and and try to influence everything that we do Congressman the the association is made of Today 21 companies and non-profit organizations as well of the 21 how many are headed by Women I mean I was expecting some deep Some deep question about conflict of interest I don't know about currencies about Finance about the knowledge of finance. I know how many of them are headed by women This is this is what's important this in our day and age. This is what's important to the Democratic Party. This is why so many Americans in spite of how nutty and irrational and immoral and and and and and you know This president is Trump is Inspired that they might vote for him because this attitude that the Democrats have is so Laughable and so intolerable and I'm you know, I've done shows about a women a treat a badly and You know all of you know the roots of feminism where it comes from and the fact that it was a legitimate and Racism and all of that, but this is just absurd And again, you're wasting The time of one of the most productive people on planet earth to ask him how many women run I mean, how does Mark Zuckerberg have the patience and how is any rolling around laughing and Why and this is the real question Why doesn't he have the moral backbone and the moral courage to stand up and tell them to go to hell all of them Just to go to hell Congressman, I do not know the answer to that off the top of my head. I can get it for you Well, I believe you can get it mr. Zuckerberg, but I one would assume that you would know Who heads these corporations? That are going to be running this global Company, you mean Mike Zuckerberg doesn't have a tally in his head on how many of the companies he associates with a run by women it gets better How many of them are Minorities mrs. Zuckerberg congressman, I do not know off the top of my head Really, I mean any anybody who cares about race Anybody who's a racist should keep an ongoing tally of how many of the different Races that are actually running companies. I mean, that's what you should do You should tally these things up in your head and you should always be prepared particularly when you're going to when you're going to Give a presentation about your new exciting venture your new exciting way to change the world called Libra any members of the LGBTQ plus community I wonder if if maybe maybe Mark can Can send out a questionnaire to all the members of the of the Libra? Association with an asking them about their sexual preferences. How do you think that would go along? You think that would be a good idea a sexual preference questionnaire also about maybe all of Facebook employees so that he can give an exact number associated with This association mr. Zuckerberg Congressman, I don't know the answer who can who acknowledge That many people who acknowledge that they are part of the community they wear it on there actually wear it on the forehead They they they announce it not just the knowledge that they advertise it. I mean really CEOs of major corporations who happen to be there's engaged. I mean, maybe I mean a lot of them. I'm sure but You you should be able to know this and be able to tally it. I mean, it's it's nuttiness. It's insanity And this is what Congress is doing. This is the job Congress. This is what we send our taxpayer money for for these clowns To interrogate a businessman about how many of his business associates are LGBTQ Sorry, not you do not know Mrs. Zuckerberg is it true that the overwhelming majority of persons associated with this endeavor are white men Congressman I Don't know off the top might have the list of the people who are running the organizations in in the association What do you say to that? I mean It is so nutty It is so insane That I don't know where you go with this again I'm the first one to be willing and I get harassed here on on on my chat constantly about the fact that yes, there's there's been and there is discrimination against all kinds of people out there and We should all be aware of that and rational people don't discriminate over things that are not significant and not essential And we should judge people when they discriminate But it's none of the government's business and it's certainly none of the government's business To put this at the forefront of everything. We're gonna keep going because that's not all it keeps going All right, this is representative Ayanna Presley another member of the house finances of this committee The same world bank reports cited in your liberal white paper finds that almost two-thirds of 1.7 billion people who don't have bank accounts say it's because they lack enough money to open one So this is not about authentication. This is not about banking costs This is about a tsunami of hurt that millions are experiencing because of a 1.6 trillion dollars student debt crisis Now this this is good, right? So he he started out his whole he made his old presentation about how this is gonna help the poor and good for Presley She's calling him on it. She said put people, you know There are the reasons the poor it's not because now she's lying because Actually facilitating a better mechanism for them to be able to transact Actually makes a life better, but she's calling on him on on the altruism I actually had a different clip of her. Let's see if this if this is what I wanted at the end here Wish he asked him this funny children's inheritance in Libra. Oh Yeah, listen to this all what is inherently an issue of wealth At the end of the day you are business So what is in the business interest for you here and do you believe in what you are building? Do you believe in what you're building? Congresswoman. Yes Now note this question This is such a disgusting Question to ask he's already said this is a risky proposition. He's already said it doesn't know if it'll work and This is what a congresswoman Asks, so yes or no, would you leave behind your children's inheritance in Libra? What relevance does that have to anything? Is any already leaving his children's inheritance behind in? Facebook this is an entrepreneur Entrepreneurs who start new businesses can't give it to the results. They can't give it to the success But he's already investing his wealth through Facebook in establishing this thing but Wow Congresswoman, do you believe in what you're building? Yes, I do and and would you leave behind your children's inheritance in Libra? I think it's a fair question because I think it's you've proven that we cannot trust you with our emails With our phone numbers So why should we trust you with our hard-earned money? Well congresswoman Reclaiming my time If you can't answer yes or no, would you leave behind your children's inheritance in Libra? Yeah, she doesn't let him answer the question She doesn't let him answer the question. It's It's just so disgusting All right, so disgusting. All right tomorrow Representative Katie Porter Wow, all right. Listen to this Facebook's known as a great place to work free food ping-pong tables great employee benefits But Facebook doesn't use it's Jobs in the company. You've got about 15,000 contractors Watching murders stabbings suicides other gruesome disgusting videos for content moderation, correct Congresswoman, yes, I believe that that's correct You pay many of those workers under $30,000 a year and you've cut them off from mental health care when they leave the company Even if they have PTSD because of their work for your company So now the issue is not Libra. It's not diversity. It's the way Facebook treats its contract employees employees that don't have to work there Employees that can get a different job employees that have chosen voluntarily to be there employees that You know, they it's a horrible job. They watch all this awful stuff that Facebook screens out they watch You know borderline stuff that they have to decide they have to make decisions about whether to put it on the platform or not This is the people who do a lot of the screening a lot of it's for sex and violence and other things and She's complaining about their work conditions Is that correct? Congresswoman my understanding is we pay everyone including the contractors associated with the company at least a $15 minimum wage and Markets and cities where there's a high cost of living. That's a $20 minimum wage We go out of our way Reclaiming my time He shouldn't he see they won't even let him answer right claiming my time means I'm gonna speak shut up They won't let him answer She doesn't care about the answer He won't fight he won't really fight back He will just give this dry, but he shows no moral indignation He's so he I mean imagine again imagine if they stood up if he stood up According to one report I have and this is straight out of an episode of black mirror these workers get nine nine minutes of Supervised wellness time per day that means nine minutes to cry in the stairwell while somebody watches them Would you be willing? To commit to spending one hour a day for the next year Watching these videos and acting as a content monitor and only accessing accessing the same benefits available to your workers Now the answer you should give to this is lady My time is way too valuable to spend at something like that. I This would not do good be good for the shareholders. It would not be good for me. It would not be good for anybody I am way too productive to do that kind of work Congresswoman we we work hard to make sure that we give good benefits to all the folks who are doing Mr. Zuckerberg, we're cleaning my time. I would appreciate a yes or no Would you be willing to act as a content monitor again? Yes or no, right? They don't want answers like experience I'm not sure that it would best serve our community for me to spend Reclaiming my time See she won't let him finish the answer and of course he does say it wouldn't serve our community best now You know again the weasley words that he uses, but Just think about what she's asking him Would you be willing to be the janitor for the day? How about you once once you know one one day a week workers a janitor I Mean Would escape me The outrage is so intense All right, here we go Alexandria Ocasio Cortez She is part of The Financial Committee again. She has all the qualifications. We know she is a you know, I think you got a number of degrees No, I mean she she knows nothing But let's listen to her Grilling him again the test the the whole point of this the whole point of this is To discuss Libra a cryptocurrency cryptocurrency now She is gonna ask Questions about an important topic but not relevant To Libra Now she's gonna ask questions about important topic which she is wrong about now these this video actually went viral Everybody was praising her a wonderful. She is as amazing. She was you judge Simply that the official policy of Facebook now allows politicians to pay to spread disinformation Notice the official policy of Facebook is not Not to fact check political ads, but that's not what she says She says that the the the policy of Facebook is To allow politicians to spread disinformation disinformation That's how she phrases it It is so dishonest I'm in 2020 elections and in the future So I just want to know how far I can push this in the next year under your policy You know using census data as well Could I pay to target predominantly black as if codes and advertise them the incorrect election date? No, Congresswoman. You couldn't we now noticed Zuckerman gives a really good answer. I think a good answer here We have even for these policies around the newsworthiness of Content that politicians say in the general principle that I believe that but you said you're not going to fact check My add we have if if if anyone including a politician is saying things that Can cause that is calling for violence or could risk imminent physical harm or voter or census suppression when we roll out the census suppression policy We will take that content so so so he's basically saying you know You can say whatever you want in a political ad and and Google and Facebook is now emphasizing this We are not they're not fact-checking political ads, which I think is great Which is the right policy, but they're saying you know, but there's certain things that are not acceptable but political ads around elections if you're gonna provide disinformation about the logistics of the election if you're gonna preach violent if You're gonna advocate for violence Those we will take down so he's making a nuanced differentiation between those things But she can't handle that There is some threshold where you will fact check political advertisements is that where you're telling me well Congresswoman yes, and for specific things like that where there's imminent risk of harm could I run ads? Again won't let him talk targeting Republicans and primaries saying that they voted for the Green New Deal Yeah, she could you repeat that would I be able to run advertisements on Facebook targeting? Republicans and primaries saying that they voted for the Green New Deal I mean if you're not fact-checking political advertisements, I'm just trying to understand the the bounds here. What's fair game? I I don't know the answer to that off the top my head. I think so you don't know if I'll be able to do that Do you see a potential problem here with a complete lack of fact-checking on political advertisements Well Congresswoman, I think lying is bad And I think if you were to run an ad that had a lie that would be bad That's different from it being from it from in our position the right thing to do to prevent Your constituents or people in an election from seeing that you had lied. I mean Really? They want I mean they want and it's not just them. It's across the political spectrum. They want Facebook To evaluate political ads and decide what is true and what is not Now by my standards, you know, I think I think Andrew Yang Yang put out a thing about you know Facebook should should You know do this fact-checking online and My perspective is if you did that properly if you did that You know really in terms of political ad there would be no political ads Because they all lie all the time I mean think about the amount of misrepresentation in political advertising and what What Zuckerberg is saying he's saying in a polite way. He's saying is If you lie then your constituency should see that you lie and should penalize you for lying It's not Facebook's job to determine whether you lie or not It's the voters job to figure out whether you're lying or not and that's absolutely right This is completely on the voters Not on Facebook, but a number of people followed up on this. This wasn't just AOC a number of people went after Zuckerberg about this idea that he is that they that you know He is now Facebook is now not going to fact-check political ads I don't know if they ever did but they're certainly are not going to fact-check political ads by politicians By third parties maybe particularly if they if they're you know fake accounts, but they're not Paid political ads by politicians are not going to be fair. Imagine if they got into the business of fact-checking those Imagine the stereo if one of OEOC's ads was determined by Facebook to be inappropriate Imagine what would happen? I mean all hell would break loose. All right, let's Hear the final so we can So you won't take down lies or you will take down lies. I think it's just a pretty simple yes or no Congresswoman in I'm not talking about spin. I'm talking about actual Yes, in a democracy the differences. I believe that people should be able to see for themselves Good politicians that they may or may not vote for so you won't take Her for themselves, so you won't take you may flag that it's wrong, but you won't take it down You won't even flag it congresswoman. It's a it depends on the context that it shows up organic post The treatment is one question one more question Yeah, I mean that's that's Congress for you That's that's who we elect to represent us That's the people out there who are You know, what can you say who are? Who are trying to protect our individual rights and and notice the tone Notice the condescension Notice the attitude right Notice the attitude that these people have invaded unfortunately, there's no way to launch something like Libra without a supportive of the regulators and Facebook is working with the Treasury Department and other regulatory agencies the Fed To try to figure out how to launch this But we already know that the people at the head of the Treasury and the people at the head of the Federal Reserve Opposed this so how how we gonna get innovation of financial industry? I do not know when these clowns are the people who actually Make decisions about the future of finance What we need today what I called a new intellectual would be any man or woman who is willing to think Meaning any man or woman who knows that men's life must be guided by reason By the intellect not by feelings wishes women's or mystic revelations Any man or woman who values his life and who does not get want to give in to today's cult of the spare cynicism and impotence and does not intend to give up the world to the dark ages and to the role of the collectivist Using the super chat and I noticed yesterday when I appealed for support for the show Many of you step forward and actually Supported the show for the first time. So I'll do it again. Maybe we'll get some more today If you like what you're hearing if you appreciate what I'm doing then I appreciate your support Those of you who don't yet support the show, please take this opportunity go to your own book show calm slash support or go to subscribe star calm your own book show and And and make a kind of a monthly contribution to keep this to keep this going. I'm not sure when the next