'We could make a ton of money if we monetized our customer... we've elected not to do that," Tim Cook.
Apple chief executive Tim Cook has weighed in on the response to the Cambridge Analytica story by criticizing Facebook's use of its users' private data. During an interview with MSNBC's Chris Hayes and Recode's Kara Swisher, which will air on MSNBC soon, Cook suggested that Facebook should have regulated itself properly.
Cook was asked what he would do now if he was Facebook founder and CEO Mark Zuckerberg, to which he simply insisted that he would not be in this situation in the first place.
"We've never believed that these detailed profiles of people, that have incredibly deep personal information that is patched together from several sources, should exist," Cook reportedly said, warning such deep information on users can be exploited by advertisers and can even be used "against democracy."
While Cook admits that he usually gravitates toward no regulation because of unintended consequences, he believes that regulation of how firms like Facebook use data is necessary. In Apple's case, the customer is not the product, even though Cook admits the firm could make a lot more money if that was the case.
Source: Recode
via: Engadget
Cook was asked what he would do now if he was Facebook founder and CEO Mark Zuckerberg, to which he simply insisted that he would not be in this situation in the first place.
"We've never believed that these detailed profiles of people, that have incredibly deep personal information that is patched together from several sources, should exist," Cook reportedly said, warning such deep information on users can be exploited by advertisers and can even be used "against democracy."
While Cook admits that he usually gravitates toward no regulation because of unintended consequences, he believes that regulation of how firms like Facebook use data is necessary. In Apple's case, the customer is not the product, even though Cook admits the firm could make a lot more money if that was the case.
Source: Recode
via: Engadget
