Facebook is still under notable public pressure in the wake of the scandal involving Cambridge Analytica, the British data analytics firm that worked with the Donald Trump presidential campaign. Facebook was accused of unwittingly sharing information of more than 87 million of its users with the company, per NBC News.
Wozniak is referring to a common argument here: that consumers who use free services on the internet provided by Google and Facebook are paying with their own data, rather than money, because those companies track their browsing and usage habits, then sell ads against that information.
This content is published through a licensing agreement with Acquire Media using its NewsEdge technology. "I wouldn't be in that situation", Cook said recently.
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However, Steve continues to be attached to his Facebook handle "stevewoz" and is loath to give up on that, not even for another Steve Wozniak. In his words, Facebook is essentially making money on the identities and info of its users without the users seeing any of the proceeds.
Earlier, another Silicon Valley leader, Elon Musk, deleted the Facebook pages of two of his companies, Tesla and SpaceX. Its CEO, Mark Zuckerberg, will testify before Congress on Wednesday to explain how the scandal unfolded and try to convince the world that it won't happen again.
"Apple makes its money off of good products, not off you", he wrote. The firm traded information that had been gathered by scientists operating at Cambridge University with the Psychometrics Lab, same as how Cambridge Analytica employed data it got for political marketing from other professors at the school.
Facebook could introduce a paid tier, Fortune noted, but that would mean poorer users would be more likely to keep having their data exploited and richer users would enjoy more privacy.