Tim Cook Takes His Turn to Dunk on Facebook, Demanding Data Privacy Regulations

Mark Zuckerberg and his social media platform Facebook remain under dark clouds this week as things over its Cambridge Analytica scandal continues to get more complex. Facebook’s stock price fell 13% this week which increased the pressure over Facebook’s founder mind.

Facebook’s fellow tech companies’ founders are taking this moment of the vulnerability of Mark Zuckerberg as an opportunity and have given certain statements too. First, Elon Musk, CEO of  Tesla and SpaceX deleted all his company’s fan pages from Facebook and then Apple CEO Tim Cook gave a statement over the Facebook scandal and is publicly calling for Facebook to be regulated in order to protect everyone’s privacy rights.

Tim Cook at Beijing’s China Development Forum called the situation “dire” and asked for instant actions over the issue.

“I think that this certain situation is so dire and has become so large that probably some well-crafted regulation is necessary,” Cook said after being asked if the use of data should be restricted in light of the Facebook incident. “The ability of anyone to know what you’ve been browsing about for years, who your contacts are, who their contacts are, things you like and dislike and every intimate detail of your life — from my own point of view it shouldn’t exist.”

Cook added:

“We’ve worried for a number of years that people in many countries were giving up data probably without knowing fully what they were doing and that these detailed profiles that were being built of them, that one day something would occur and people would be incredibly offended by what had been done without them being aware of it,” he said. “Unfortunately that prediction has come true more than once.”