Mark Zuckerberg found himself on Capitol Hill this week to testify in front of Congress members about what his company is doing to relieve worries surrounding their use of users’ data. Since the Cambridge Analytica scandal broke, Facebook has been under intense scrutiny and new shady pieces of information about the social media platform’s data policies continue to spring up nearly every day.
Despite the fact that Zuckerberg was out there mostly answering softball questions, like telling Senators that his company makes money by “running ads,” investors thought his appearance translated into more confidence in the company. Facebook shares dipped this morning, but they are still up 3 percent overall since Zuckerberg began his testimony on Capitol Hill on Wednesday. In total, Facebook’s stock has gained 4.5 percent since the start of the hearings, CNN Money reports.