Sen. Lindsey Graham asks Facebook CEO if company needs government regulation

Mark Zuckerberg answers questions from senators today over data privacy.
2:08 | 04/10/18

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Transcript for Sen. Lindsey Graham asks Facebook CEO if company needs government regulation
I'm talking about is a real competition you face. 'cause car companies face a lot of competition that they make a defective car. He gets out in the world people stop by and their car that are now movement is an alternative to FaceBook and the private sector. By. Yes senator the average American uses eight different apps to communicate with their friends and stay in touch with people and can ranging from tablets without seeing now in its service you provide. Well we provide a number of differences twittered this things which he did it overlaps of the port don't think you have a monopoly. I've certainly doesn't feel like that's me can. So it doesn't. So. It's a Grammy bonus Graham carnage of science program. Out because they work very talented app developers who are making good use of our platform and understood our values. Is a good this decision not point is. That. One way to regulated companies to competition. The government regulation. Here's the question that all of us got an answer what do we tell our constituents. Given what's happened here. While we should let you self regulate. What would you tell people in South Carolina that given all the things we just discovered here. It's a good idea for us to rely upon you to regulate your own business practices. Well senator my position is not that there should be no regulation. And I think the Internet has increased unit embrace regulation. I think the real question as the Internet becomes more important people's lives is what is the right regulation not whether there should be or you as a company welcome regulation. I think if it's the right regulations and you know paint the Europeans right. I think that they get things right if he ever submitted. That's troop. So would you weren't with us in terms of what regulations you think are necessary in your industry absolutely okay would you submit some proposed regulations. Yes and I'll have my team follow up review so that way we can have this discussion across the different categories where I think of this discussion it's doubt or to.

This transcript has been automatically generated and may not be 100% accurate.

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