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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
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Apple CEO Tim Cook Criticizes Facebook’s Approach to Privacy

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Jonathan Vanian
Jonathan Vanian
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By
Jonathan Vanian
Jonathan Vanian
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March 28, 2018, 7:08 PM ET
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Apple CEO Tim Cook had harsh words for Facebook and the recent uproar over how the social network handled user data.

Cook said Wednesday in an interview with tech news site Recode and MSNBC that Apple is “not going to traffic in your personal life,” a dig at rival companies that collect and share vast troves of personal information that he called “an invasion of privacy.”

Facebook (FB), of course, has come under fire in recent days for its role in the Cambridge Analytica scandal, in which the political consulting firm allegedly obtained the information of 50 million Facebook users without their consent. It was given the information by an academic, who violated Facebook policies by sharing it.

When asked what he would do if he were Facebook CEO Mark Zuckerberg, Cook said, “I wouldn’t be in this situation.” Cook repeated the mantra of his predecessor, the late Steve Jobs, that maintaining user privacy is important to Apple in contrast to its competitors.

“This is not something that we just started last week when we saw something happening,” Cook said. “We’ve been doing this for years.”

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.

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“If our customer was our product, we could make a ton of money,” Cook said. “We’ve elected not to do that.”

About the Author
By Jonathan Vanian
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Jonathan Vanian is a former Fortune reporter. He covered business technology, cybersecurity, artificial intelligence, data privacy, and other topics.

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