• News
  • Sci-tech

Mark Zuckerberg defends advertising-supported business model

Mark Zuckerberg defends advertising-supported business model

"To the contrary, I think it's important that we don't all get Stockholm syndrome and let the companies that work hard to charge you more convince you that they actually care more about you". Last week, Cook blasted Facebook over its business model which monetized its customers at the expense of their privacy. She has used Facebook to advertise for small businesses she owned.

However, in the wake of the changes being implemented after the Cambridge Analytica scandal, it appears that Facebook no longer feels this is enough to safeguard data privacy.

Zuckerberg and Facebook had already been feeling the heat from all sides - politicians, advertisers, shareholders, former employees and more - in the wake of the 2016 presidential election, which put the company in the spotlight as a platform that helped spread Russian-linked disinformation and propaganda. In response to what he would do in Zuckerberg's shoes, Cook said "I wouldn't be in this situation". He told Klein that Facebook does things similarly to Amazon, which CEO Jeff Bezos stated (in regard to a 2011 Kindle launch), "There are companies that work hard to charge you more, and there are companies that work hard to charge you less". CA, hired by both the Trump Presidential campaign and by pro-Brexit organizations, subsequently employed the information of almost 50 million Facebook users in political campaign targeting, determining from users' confidential psychological profileswhat information would be most effective in cultivating their support.

The battle of Mark Zuckerberg vs Tim Cook is also crucial because Cook also called for regulation, something that has the potential to impact Facebook's earning potential.

Cook was asked last month how he would handle the crisis.

Unlike Facebook, Apple previously has demonstrated its ability to make a strong decision when it comes to privacy.

Japan must avoid bilateral trade talks with U.S. : finance minister Taro Aso
Mr Kim met President Xi Jinping in China this week, his first trip overseas since taking over as North Korean leader in 2011. The Japanese government said it had been in touch with the North but declined to offer specific comment on the report.

Angry users even started using the hashtag #DeleteFacebook to protest the social network. The data-sharing scandal has taken a toll on Facebook's stock as well. The resulting outrage has led to a decline in the company's stock price.

The social networking giant has lost over $70 billion in market value since then.

In the interview, Zuckerberg also responded to criticism from Apple Inc. We think that's wrong and it's not the kind of company that Apple wants to be, so we don't want your data.

At the time, Zuckerberg responded by saying that Apple-like companies are not in "alignment" with the best interests of customers.

"We may share information with our employees and authorized third-party providers for them to administer your account and any services provided to you through Vero", the manifesto states.

Leave Your Comment

Leave Your Comment


Latest News

  • March Madness: How each team got to the Final Four

    March Madness: How each team got to the Final Four

    So the Wolverines understand that much of the nation is rooting for this unusual tournament to produce a fittingly quirky end. Television cameras have made a habit of showing her on the sideline and there is a bobblehead being rushed into production.
    Rams agree to one-year deal with Ndamukong Suh

    Rams agree to one-year deal with Ndamukong Suh

    The New York Jets are sending mixed signals on their decision to bail out of the Ndamukong Suh sweepstakes. The second overall pick in the 2010 draft, Suh has 420 tackles and 51 1/2 sacks in his eight-year career.
    Pendency of cases: Rahul Gandhi hits out at government

    Pendency of cases: Rahul Gandhi hits out at government

    Anderson wrote in a separate tweet that the domain where app data was being sent is classified as a phishing link by G-Data. He also said that products mostly used by weaker sections of the society also needs to be kept out of purview of GST.
  • Overwatch King's Row Uprising: Will Blackwatch have a mission?

    Overwatch King's Row Uprising: Will Blackwatch have a mission?

    The event will run from April 10 through 30, and pit you and three friends up against omnics running rampant through London. So far, it's unclear if the event will be exactly the same as the previous year.
    76ers get the worst on Joel Embiid head injury

    76ers get the worst on Joel Embiid head injury

    Embiid released a brief video on Instagram late Wednesday night, sharing a message of "not good " while laying in a hospital bed. In Embiid's absence, rookie sensation Ben Simmons will have to carry a bigger workload for the playoff-bound Philadelphia 76ers .
    Poisoned Russian Spy May Never Recover Mental Functions, British Judge Says

    Poisoned Russian Spy May Never Recover Mental Functions, British Judge Says

    Britain expelled 23 Russians as a result and Moscow retaliated by expelling the same number of Britons. He added that his friend "regretted" being a double agent "because his life had become all messed up".
  • Lady Commanders win three straight at home

    Lady Commanders win three straight at home

    Stockton next plays Tuesday in Reading, Pennsylvania, against unbeaten Alvernia (11-0-1) in a doubleheader. His offense pulled away in the third inning when 10 runs poured in, essentially ending the contest.

    China's 'heavenly palace' falling to Earth

    What makes this effect even more unpredictable is that Earth's atmosphere is very sensitive to solar activity, adds Ailor. Most of the station is likely to burn up in the atmosphere but debris could hit Earth.
    Florida State rally falls short, MI  advances to Final Four

    Florida State rally falls short, MI advances to Final Four

    But Florida State let the clock run out against MI , and fell 58-54 as the final 10 seconds went off the clock without an action. The crowd included Rudy Tomjanovich, the MI alumnus and former Lakers coach, who watched in Wolverines gear near courtside.
  • Adea Shabani, Missing Actress, May Be Body in Shallow Grave

    Adea Shabani, Missing Actress, May Be Body in Shallow Grave

    Discrepancies in Spotz's alibi raised warning bells but he disappeared before police could track him down for further questioning. Shabani came from Macedonia and had been in Los Angeles less than two years, according to her friends.
    Samsung Galaxy S9, S9+ get a new variant in India

    Samsung Galaxy S9, S9+ get a new variant in India

    Otherwise if Note 9 repositioned fingerprint sensor as Samsung did on the S9, then there should not need to be too upset about it. While the 256GB internal storage variants of the S9 and S9+ cost Rs 65,900 and Rs 72,900 respectively.
    Israeli military captures 3 armed infiltrators from Gaza

    Israeli military captures 3 armed infiltrators from Gaza

    Overnight Saturday, Israel bombed a Hamas position after four Palestinians infiltrated the border and tried to damage equipment. Brigadier General Ronen Menlis from the IDF spokesperson's Unit said: "No barrage of missiles was sacked at Israel from Gaza".
  • Scattered snow showers possible, cloudy weekend ahead in MA

    Scattered snow showers possible, cloudy weekend ahead in MA

    She reported the higher elevations, particularly those in Greenbrier County, will receive the most snow. In between these features, a southwest wind flow will help to push high temperatures well into the 50s.
    'Black Panther' has broken yet another record

    'Black Panther' has broken yet another record

    The film earned praise for its progressive values, mostly black cast, sympathetic portrayal of African cultures, and performances. There is yet another milestone for the film " Black Panther .' It's now the top grossing superhero film of all time".
    Ex-Catalan Leader Carles Puigdemont Arrested In Germany Over Referendum

    Ex-Catalan Leader Carles Puigdemont Arrested In Germany Over Referendum

    A Spanish Supreme Court judge reactivated an worldwide arrest warrant for Puigdemont on Friday when he was visiting Finland . Puigdemont's supporters, however, lamented his capture and said they hoped Germany won't honor Spain's extradition request.
  • Van Dijk relishing City test

    Van Dijk relishing City test

    He also said that he will be focusing on his team and his own game in the next period, and will wait to see what is going to happen at the end of the season.
    President Trump Personally Calls Roseanne Barr to Congratulate Her

    President Trump Personally Calls Roseanne Barr to Congratulate Her

    The Roseanne Barr Trump connection was made official during the 2016 election, during which the actress supported The Donald. "It was pretty exciting, I'll tell you that much", Barr said when she called into Good Morning America this morning.
    India PM app accused of sharing data without consent

    India PM app accused of sharing data without consent

    However, experts also say that data sharing could be risky business. "This data belongs to India, not Modi", Gandhi said. A 3D animation video of Prime Minister Narendra Modi depicting various kind of asanas was launched on Sunday.

Breaking News



Recommended

Russia Shows Off Test-Launch Footage Of Its 'Satan 2' Long-Range Missile

The Sarmat system is "powerful and modern and defense systems will not be able to withstand it", Putin said earlier in March. Putin has made much of developing such "invincible" systems as a counter to costly USA missile defense programs.

Spurs' Leonard again rehabbing injury in NY

Leonard arrived in NY on Monday and has been working out at the gymnasium inside the headquarters of the NBA Players Association. Leonard, 26, is a two-time All-NBA first-team selection and was named Defensive Player of the Year in 2015 and 2016.

Jeff Sessions just tamped down conservative calls for a second special counsel

Attorney General Jeff Sessions said he referred the matter to the inspector general's office. Democrats have said the investigations are a waste of money and time .

Trump aide communicated with ex-Russian intelligence officer during 2016 election

Dowd reportedly broached the subject of a possible pardon with Flynn's lawyer, Robert Kelner, last summer. Dowd insisted Wednesday that he did not raise the idea of pardons with lawyers representing the two men.

Middle East Tensions Support Crude Oil Price at $70 Per Barrel

Singapore-based brokerage Phillip Futures said that "surging production levels persist" in the US. Lower crude prices have played a part as to why not earlier.

Jaguar & Waymo To Collaborate On Autonomous Car Sharing

Autonomous auto company Waymo is about to gain another 20,000 electric cars to its fleet thanks to a new partnership with Jaguar. At a press conference today in New York, Waymo CEO John Krafcik announced the world's first premium electric self-driving auto .

No charges to be filed in Alton Sterling case, according to family

One had been previously involved in the shooting of another black man two years prior that had led to administrative leave. The officers were responding to a report that Sterling was selling CDs and that he allegedly threatened a man with a gun.

Election commission forms committee to probe Karnataka poll dates leak

Not willing to squander a juicy free hit, Congress leaders and the party's IT cell had a field day with Shah's comment. All electronic voting machines will be linked to Voter Verifiable Paper Audit Trail (VVPAT) machines, he said.

Mamata in Delhi, meets leaders to forge anti-BJP front

The way Opposition leaders are being harassed is proof that the BJP wants to annihilate us. Biju Janata Dal (BJD) MP Anubhav Mohanty and his wife also called on Mamata Banerjee.

NCAA Tournament: Kansas holds off Clemson; Villanova victorious

The Tigers also needed a productive game from Elijah Thomas but he finished with four points and eight rebounds in 27 minutes. The teams went back and forth, trading alley-oop dunks and three-pointers until the end-game played out with 21 seconds left.