NEW YORK (AP) — The CEO of Facebook is defending its advertising-supported business model.
Mark Zuckerberg’s defense comes after Apple CEO Tim Cook said his company wouldn’t be in Facebook’s situation because Apple doesn’t sell ads based on customer data the way Facebook does. Zuckerberg responded Monday that an advertising-supported business model is the only way that the service can survive because not everyone would be able to pay for Facebook if it charged a fee.
He says the idea that Facebook doesn’t care about its customers is “extremely glib.”
Facebook is facing scrutiny over its data collection following allegations that political consulting firm Cambridge Analytica obtained data on tens of millions of Facebook users to try to influence elections.
Zuckerberg spoke with Vox , while Cook talked with Recode last week.
- Facebook CEO defends advertising-supported business model
- Local stores happy for support on "Small Business Saturday"
- Locals support small businesses during "Holly Days" event in Marshall
- Business thanks community for supporting teen who was shot
- United Methodist Village CEO resigns
- Hundreds of fire extinguishers recalled, models date back to 1973
- Trump recorded discussing paying for Playboy model’s story
- Vigo County electoral board hoping for increased voting numbers, advertising polling locations
- Indiana defends abortion law in federal court