"We could make a ton of money if we monetized our customers, if our customers were our product", Cook said. "We've elected not to do that", he said.
Apple is still a hardware company that makes the bulk of its revenues from devices, while Facebook nearly exclusively relies on advertising to make money, which requires extensive user data to fine-tune targeting.
Cook also said that it is past time to regulate Facebook, claiming "the best regulation is no regulation, is self-regulation". "I think that this certain situation is so dire and has become so large that probably some well-crafted regulation is necessary", Cook added.
In the current Cambridge Analytica scandal, the personal information of 50 million American Facebook users was reportedly used by the political consulting firm without the individuals' consent.
Ex-university boss of convicted USA Gymnastics doctor arrested
Manly, attorney for Nassar's victims, released a statement following Stampel's arrest saying he was "encouraged" by the news. His computer contained approximately 50 photos of female genitalia, nude and semi-nude women, sex toys and pornography.
In an interview with CNN's Laurie Segall, Zuckerberg responded to a question about outside regulation in an unexpected way: "I actually am not sure we shouldn't be regulated".
Despite what Cook said directly, and obliquely, about Facebook, the fact remains that Facebook is an app in Apple's App Store. I think, in general, technology is an increasingly important trend in the world. In the videos below, Cook gives his opinion about online privacy and talked about how Apple is careful with their app star saying, "we do carefully review each app and police now". This is not something that we just started last week when we saw something happening.
Then he was asked about Facebook and its CEO, Mark Zuckerberg. "I wouldn't be in this situation", he said.
Cook's comments, reported by Recode, were part of a taped interview for MSNBC's Revolution, which will air Friday, April 6.