“I think the best regulation is no regulation, is self-regulation,” Cook said in answer to a question posed about Facebook. “However, I think we’re beyond that here.”
Cook said that it would not only been better for Facebook, but for the tech industry as a whole had Facebook controlled use of data “patched together from several sources.” He also made a point of mentioning that Apple doesn’t consider consumer data a source of income.
“The truth is, we could make a ton of money if we monetized our customer —if our customer was our product.” said Cook. “We’ve elected not to do that.”
