Facebook has become the latest tech giant to face scrutiny over its handling of users’ data, following a report that said the social media giant collected audio data and recordings from its users and transcribed it using third-party contractors.
It aspires to be a central outlet for the study of all manner of internet abuse, assembling for visiting researchers the necessary machine learning tools, big data analysts, and perhaps most importantly, access to major tech platforms' user data—a key to the project that may hinge on which tech firms cooperate, and to what degree.
He cited the acquisitions of private messaging WhatsApp in 2014 for $19 billion, and photo-sharing service Instagram in 2012 for $1 billion, as examples of bets "that people think are insane but turn out to be prophetic because he knows the direction the world is going," Stamos said.
Over the past three months, Yahoo Finance has spoken with 19 people who have known him professionally over the course of his career—at Facebook; during his stormy tenure before that as Yahoo’s chief information security officer; and, still earlier, as an outside consultant for the likes of Microsoft, Google, and Tesla.
Cook lamented the tech industry's data-driven economy without invoking the names of ad-focused companies like Facebook or Google, the traditional villains when Apple plays privacy paladin. Cook in his speech said Apple supports a federal data protection law in the US similar to the GDPR.