The latest Facebook scandal which revealed that the social media giant had hired a PR company to spread fake news both about its rivals and Democrat billionaire donor Mr George Soros in order to deflect attention from itself seems to be the one that could put the final nail into the coffin of Mr Zuckerberg’s rein as CEO of the biggest social media platform.
Speaking to Axios, Apple’s chief executive Tim Cook, who is in a longstanding rivalry with Mr Zuckerberg, claims that new regulations for the tech industry are “inevitable” in the light of a series of scandals that were revealed in 2018. In saying such, he rejoins a debate which intensifies political pressure on the company’s rival, Facebook.
<b>Not a fan of regulation</b>
Mr Cook said “the free market is not working” and politicians will ultimately have to step in.
“Generally speaking, I am not a big fan of regulation,” the Apple CEO claimed.
“I’m a big believer in the free market. But we have to admit when the free market is not working. And it hasn’t worked here. I think it’s inevitable that there will be some level of regulation . . . I think Congress and the administration at some point will pass something.”
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“This is not a matter of privacy versus profits, or privacy versus technical innovation. That’s a false choice,” he said.
During the interview, Mr Cook was forced to defend Apple’s acceptance of payments from Google — estimated at billions of dollars a year — to be the iPhone’s default search engine. “One, I think their search engine is the best,” he said. “But two, look at what we’ve done with the controls.”
Related coverage: <a href="https://thegoldwater.com/news/42552-Facebook-Scandals-Millions-Log-Off-Permanently-Stock-At-21-Month-Low#42564"> Facebook Scandals - Millions Log Off Permanently, Stock At 21-Month Low</a>.
He pointed to the iPhone’s options for private web browsing and blocks for online trackers, which are used by marketing networks to target ads. “It’s not a perfect thing, but it goes a long way in helping,” Mr Cook said.
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Mark Zuckerberg lashes out at Tim Cook for his recent comments <a href="https://t.co/cl08Z8jXKh">https://t.co/cl08Z8jXKh</a> <a href="https://t.co/EQx4L3yvdr">pic.twitter.com/EQx4L3yvdr</a></p>— TechJuice (@TechJuicePk) <a href="https://twitter.com/TechJuicePk/status/1064427174827094016?ref_src=twsrc%5Etfw">November 19, 2018</a></blockquote>
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Facebook did not respond to a request for comment. Their spokesperson said Mr Cook has “constantly criticised our business model” and that Mark Zuckerberg, Facebook chief executive, has been “equally clear he disagrees”.
The media meanwhile points out that much of the scandals for Facebook have come from the change of its business model to use consumer’s private data for targeted advertising, a breakthrough brought with the hiring of current COO Ms Sheryl Sandberg.
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