"The truth is, we could make a ton of money if we monetized our customer - if our customer was our product", Cook said. "We've elected not to do that", he continued.
Cook also said that it is past time to regulate Facebook, claiming "the best regulation is no regulation, is self-regulation". "However, I think we're beyond that here", said Cook. We make sure all the movies are coded in such a way where you can say, "I only want my child looking at G movies", or whatever, or we have a parental control around apps. I think, in general, technology is an increasingly important trend in the world. The tech titan could have made a lot more money if it had opted to sell customers' information, but Cook said it would be inconsistent with the company's ideals. China was given the infamous title of the worst abuser of internet freedom for a third year in a row, due to government censorship and restrictions of basic online services and an nearly complete lack of digital privacy. It's a civil liberty, and something that is unique to America.More news: United Kingdom man has the 'world's worst' super-gonorrhea
When asked what he would do if he were in Mark Zuckerburg's shoes right now, Cook replied, " What would I do? Lawmakers have also floated tougher rules on the company and two Congressional committees have formally invited the Facebook CEO to testify. "You are a jewel, and we care about the user experience, and we're not going to traffic in your personal life", Tim Cook said in Chicago's hall event.
Though the interview of MSNBC is scheduled to air on April 6th, the network has released few clips this week, in which Tim Cook bashed against Facebook. He was responding to the latest concerns over user privacy on Facebook that have emerged in the days since it was revealed Cambridge Analytica was able to obtain private data for over 50 million Facebook users.
You're the product." Zuckerburg had mocked Cook's ridiculous concept by saying, " What, you think because you're paying Apple that you're somehow in alignment with them?