“Apple CEO Tim Cook has doubled down on his call for regulation that would limit Facebook and others companies’ ability to use customer data,” Peter Kafka reports for Recode.

“Speaking to Recode’s Kara Swisher and MSNBC’s Chris Hayes, Cook said he’d prefer that Facebook and others would have curbed their use of personal data to build ‘these detailed profiles of people… patched together from several sources,'” Kafka reports. “‘I think the best regulation is no regulation, is self-regulation,’ he said. ‘However, I think we’re beyond that here.'”

“Cook made that point again today: ‘The truth is, we could make a ton of money if we monetized our customer — if our customer was our product. We’ve elected not to do that,'” Kafka reports. “Swisher posed a question for Cook: What would he do if he were Facebook CEO Mark Zuckerberg? His answer: ‘I wouldn’t be in this situation.'”

Read more in the full article here.

MacDailyNews Take: Yup.

Ask yourself who is paying for Facebook. Usually the people who are paying are the customers. Advertisers are the ones who are paying. If you don’t know who the customer of the product you are using is, you don’t know what the product is for. We are not the customers of Facebook, we are the product. Facebook is selling us to advertisers. — Douglas Rushkoff, September 18, 2011

Two monopolies, at least, have become too powerful: Facebook and Google. The U.S. has remedies available to it. The country just needs to find the backbone to utilize them.MacDailyNews, March 23, 2018

SEE ALSO:
U.S. FTC will investigate Facebook over privacy or lack thereof – March 26, 2018
Apple CEO Cook calls for more data oversight, ‘well-crafted regulation’ after Facebook debacle – March 26, 2018
Facebook has been collecting call history and SMS data from Android devices for years; Apple iOS devices unaffected – March 25, 2018
Apple CEO Cook ramps up pressure on Facebook, calls for more regulations on data privacy – March 24, 2018
Steve Jobs tried to warn Mark Zuckerberg about privacy in 2010 – March 23, 2018
Facebook has gotten too big, too powerful, too influential for Mark Zuckerberg to handle – March 23, 2018
How to block Facebook completely from your Mac – March 22, 2018
How Facebook made it impossible to delete Facebook – March 22, 2018
What to expect from Facebook’s Zuckerberg if he testifies before Congress – March 21, 2018
Why Facebook’s blatant disregard for users’ privacy could be very good for Apple – March 21, 2018
Facebook’s surveillance machine – March 21, 2018
Mark Zuckerberg and Sheryl Sandberg AWOL from Facebook’s damage control session – March 20, 2018
U.S. FTC reportedly probing Facebook’s abuse of personal data as UK summons Zuckerberg for questioning – March 20, 2018
The problem isn’t Cambridge Analytica: It’s Facebook – March 19, 2018
Apple: Privacy is a fundamental right – September 27, 2017