Facebook executives Sheryl Sandberg and Mike Schroepfer talk with Recode’s Kara Swisher and Peter Kafka at the 2018 Code Conference. Sandberg, the company’s COO, and Schroepfer, the CTO, talk about the continuing fallout from Cambridge Analytica and other scandals, including “fake news” during the 2016 elections. They retrace the timeline of the Cambridge Analytica affair and talk about what they’ve learned from their mistakes during that time, pledging to take responsibility for the platform. The duo also talks about Apple CEO Tim Cook’s criticism of Facebook’s privacy policies, the potential of government regulation and why trust and safety is now an “arms race.” Plus: Sandberg says Facebook won’t stop offering a free version of its product and Schroepfer explains how it’s thinking about VR and AR.