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It’s too late for Facebook to regulate itself: Tim Cook

With the Cambridge Analytica scandal revealing massive Facebook data misuse, Cook earlier called for more measures to ensure user data protection

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Tim cook says it is too late for Facebook to regulate itself. IANS
  • Tim cook says it is too late for Facebook to regulate itself
  • He also says he wouldn’t be in this kind of situation
  • Facebook is under fire for leaking users’ data

Facebook should have had regulated itself long back but it’s too late for that now, Apple CEO Tim Cook has reiterated.

In an interview with Recode and MSNBC scheduled to be aired on April 6, Cook also made a harsh rebuke of Facebook CEO Mark Zuckerberg and others who use customer data to make revenues.

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Facebook allegedly leaked user’s data without their permission.

Cook said he would prefer that Facebook and others would have curbed their use of personal data to build “these detailed profiles of people… patched together from several sources”.

Also Read: Apple proposes emojis for differently-abled

“I think the best regulation isa self-regulation. However, I think we’re beyond that here,” Cook said. “The truth is, we could make a ton of money if we monetised our customer a” if our customer was our product. We’ve elected not to do that,” the Apple CEO added. On a question that what would he do if he were Zuckerberg, he said: “I wouldn’t be in this situation.”

Apple CEO Tim Cook says users’ privacy needs to be taken more seriously. Wikimedia Commons

With the Cambridge Analytica scandal revealing massive Facebook data misuse, Cook earlier called for more measures to ensure user data protection. At the annual China Development Forum in Beijing, he said: “I think that this certain situation is so dire and has become so large that probably some well-crafted regulation is necessary”. IANS

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Social Media Giant Facebook Hiring Experts For its Blockchain Division

Last week, Twitter CEO Jack Dorsey tweeted that he was hiring Bitcoin developers for his payments company, Square

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A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Social-networking giant Facebook is seeking executives to work in its secretive Blockchain division and to work on the company’s own blockchain applications and cryptocurrency.

Facebook has listed 22 vacancies on its Careers page for the division including openings for lead commercial counsel, product manager, finance analyst, data engineer and threat investigator among others.

The listings suggests that Facebook is particularly focused on recruiting experts in marketing, interface design, product management, software engineering, and legal fields concerning Blockchain.

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A smartphone user displays a Facebook newsfeed .VOA

The company already has a team of 50 people working discreetly in a secretive corner of its Menlo Park head office, The Next Web reported on Monday.

“If Facebook’s blockchain hiring spree continues, its team could be in the hundreds before the end of the year” the report said.

Also Read- Tech Giant Google Letting Android Users Create Events on Maps

Lately, several companies have been looking to add new streams of revenue to their business models and Blockchain has emerged as a popular choice to boost businesses.

Last week, Twitter CEO Jack Dorsey tweeted that he was hiring Bitcoin developers for his payments company, Square. (IANS)