Apple May Be The Biggest Winner From Facebook's Data Scandal
This article originally appeared in the Motley Fool. In 2014, Apple (NASDAQ:AAPL) CEO Tim Cook penned a missive regarding Apple's approach to privacy. In the letter Cook famously noted, "A few years ago, users of Internet services began to realize that when an online service is free, you're not the customer, you're the product." Cook was mostly looking to contrast the business model of Apple, which involves mostly making money on device sales, versus that of Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), which often sells devices at breakeven to make money from advertising and data collection. However, Cook drew the ire of Facebook's (NASDAQ:FB) CEO Mark Zuckerberg, who responded in an interview with Time magazine.
Apr-2-2018, 19:23:31 GMT
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