And still we connect people.

[Fragony]

He kinda owned the relics of the senate

[rory_20_uk]

Facebook is following the tried and tested defence in depth as demonstrated in Yes Prime Minister:

Stage 1 - there is nothing to regulate - company too small or not the sort of thing that would need regulating.
Stage 2 - there is something, but there is no need to regulate. Bigger company but not for regulation.
Stage 3 - there is need for regulation, but only self regulation and this will work.
Stage 4 - OK, so self regulation isn't sufficient and there might be need for external regulation - but only the "right" sort of regulation. Probably very limited and a long time in the future ideally.

Beyond the Senate grandstanding, what exactly could they really do? They are unlikely to get meaningful legislation in place since the Republicans are mainly against state regulations and Donald isn't going to show any leadership if it takes longer than an afternoon. Plus most of the populace of the USA would at the end of the day not want to loose Facebook.

And lets for one moment say the unheard of happened - the government in the USA properly instigated a really tough law on Facebook. I would imagine that the company would simply re-base abroad.

Perhaps if companies withdrew advertising things might alter... not something I can see happening.

[HopAlongBunny]

I watched one lady go to town on Zuckerburg.
All he did was evade, deny, "not understand"... It was pretty clear that Zuckerburg did not intend to answer any questions.
It was essentially a commercial for Facebook