Mark Zuckerberg defends advertising-supported business model

While Facebook makes money selling targeted advertisements based on user data, Apple's profit comes from hardware products like the iPhone, iPad and Mac.

Today the next shot was sacked in the war of words pitting Mark Zuckerberg vs Tim Cook.

Zuckerberg's counterpoint is that there's a huge cohort of people who can't afford to pay for services. In light of this announcement, Elisabeth Diana, a Facebook spokesperson has stated that the company "always had [such] terms in place, " but now they are trying to make it "more prominent".

"There are companies that work hard to charge you more, and there are companies that work hard to charge you less", Mr. Zuckerberg said in the Vox interview, attributing the quote to Amazon.com Inc. Facebook may have grand plans for connecting the world in some sort of online harmony, but the Cambridge Analytica scandal (among others) proves that as good-natured as that plan may be, it is also unsafe.

He went on to argue that Facebook was serving many users who couldn't afford paying for premium services, and that companies charging users for services weren't necessarily better.

"I wouldn't be in this situation", Cook said in comments weighing in on the Cambridge Analytica scandal engulfing Facebook.

BCCI bans Smith, Warner from IPL 2018
In addition to this, Cricket Australia banned Smith and Warner for 12 months , while Bancroft was suspended for nine months. Soon after that news broke, the BCCI announced that both players would not be allowed to take part in the IPL season.

Cook was asked about Facebook's privacy crisis last month and called for stronger regulation of user data.

However, he reiterated that Facebook had begun to tackle these problems past year, including through hiring more people working on security, a measure that Zuckerberg previously singled out as something that could affect Facebook's bottom line. Still, Apple executives, including Steve Jobs, have criticised Internet company advertising business models in the past.

Before the Cambridge Analytica revelations, Facebook was already under heightened scrutiny, along with other social media companies, for failing to crack down on Russian meddling in the 2016 presidential election.

The social networking giant has lost over $70 billion in market value since then. The platform is even facing a #DeleteFacebook protest.

This story was first published on CNN.com, "Mark Zuckerberg hits back at Tim Cook". The CEOs have engaged in a war of words over privacy issues before. When Facebook learned about the unauthorized data transfer back in 2015, the company ordered the data be destroyed and kept quiet about the whole ordeal, according to The New York Times.

"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 said.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.