The whistle-blower is set to testify before a Senate subcommittee on Tuesday and plans to tell lawmakers the “frightening truth” about Facebook.
“Facebook became a $1 trillion company by paying for its profits with our safety, including the safety of our children,” Haugen will tell the Senate Tuesday, according to a copy of her prepared testimony. “I came forward because I recognized a frightening truth: almost no one outside of Facebook knows what happens inside Facebook. The company’s leadership keeps vital information from the public, the U.S. government, its shareholders, and governments around the world.”
Facebook shares dropped 4.9% to $326.23 at the close in New York. They had declined before the service disruption was reported, hurt by the whistle-blower’s “60 Minutes” appearance.