Zuckerberg Weathers Facebook Hearings But Threat Of Regulation Persists

Facebook (FB) shares were flat Wednesday in the wake of big gains a day earlier, as Chief Executive Mark Zuckerberg was set to follow up Tuesday's plaudit-earning performance on Capitol Hill with a second day of testimony before lawmakers.

But the hearings are raising the likelihood that Facebook — along with Alphabet (GOOGL), Twitter (TWTR), Amazon (AMZN) and other social media and e-commerce sites — will face regulations that could hinder ad revenue and disrupt business models.

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