“First, we will investigate all apps that had access to large amounts of information before we changed our platform to dramatically reduce data access in 2014, and we will conduct a full audit of any app with suspicious activity. We will ban any developer from our platform that does not agree to a thorough audit. And if we find developers that misused personally identifiable information, we will ban them and tell everyone affected by those apps.“
Might be a too little, too late attempt at self regulation since they've apparently known about this cambridge analytica situation since before the election and since then there have been facebook employees embedded with CA to help them target ads.
MSNBC is already playing this as: 1) starts with a denial 2) admits wrongdoing 3) claims behavior will change 4) changes are not carried out and we're in the same place a year down the road.
They’re also pointing out that Zuck is fine meeting with Xi Jinping, meeting with Medvedev but refuses to appear before the US Congress and sends the company counsel instead.