It's too late for Facebook to regulate itself: Tim Cook

30 March, 2018, 00:39 | Author: Grady King
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There are some high profile names among the enraged and outspoken, including Apple CEO Tim Cook, who suggested that Facebook should be regulated at this point.

Cook said Facebook's detailed personal information on its users should not exist in the first place. "I think the question is more, 'What is the right regulation?' rather than 'Yes or no, should we be regulated?'" "However, I think we're beyond that", Cook continued.

He said that Apple (aapl) "could make a ton of money if we monetized our customer", referring to the practice of showing personalized ads to users based on information like their online behavior. "We've elected not to do that", he continued. In an interview in the US, Cook also said that that he would never have been in a position in which Facebook CEO Mark Zuckerberg had landed himself.

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Speaking during an MSNBC interview, Cook has taken a swipe at the Facebook and Cambridge Analytica debacle, saying it was a massive failure on Facebook's part not to review apps using its social network.

Facebook is facing harsh criticism from privacy experts across the world for manhandling of user's private data. Apple has policies of what is and isn't allowed there, and so Hayes and Swisher pressed him on whether Facebook's privacy issues might lead Apple to do something with that power. It's a civil liberty, and something that is unique to America.

"I think, given the extraordinary evidence we've heard so far today, it is absolutely astonishing that Mark Zuckerberg is not prepared to submit himself to questioning in front of a parliamentary or congressional hearing, given these are questions of fundamental importance and concern to his users, as well as to this inquiry", Collins said.

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When asked specifically about the potential regulation of tech companies that are collecting and using consumer data, sometimes without a clear explanation of what that data is being used for, Cook said he's "personally not a fan of regulation". "I wouldn't be in this situation", he replied, hinting that Zuckerberg had made mistakes.

On Friday, another Silicon Valley CEO, Elon Musk, deleted the Facebook pages of two of his companies, Tesla and SpaceX.

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