Austin Lawmaker's $1M Stake in Facebook Is Most in Congress, Which Is Set to Grill Zuckerberg

WASHINGTON -- With Congress scrutinizing Facebook over a huge privacy breach, lawmakers are also facing questions about their financial stakes in the social networking giant. And it turns out that Austin Rep. Michael McCaul owns at least $1 million in Facebook stock, the most of anyone in Congress.McCaul, one of the richest members of the House or Senate, also reported about $30,000 in capital gains from Facebook holdings in 2016, according to a Roll Call analysis of financial disclosures.The Republican chairs the House Homeland Security Committee and does not sit on any of the committees that have requested Facebook CEO Mark Zuckerberg discuss the massive data breach by Cambridge Analytica, the firm that used data taken from 50 million Facebook users without their knowledge.  Continue reading...

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