Facebook CEO defends advertising-supported business model

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AP New York
Last Updated : Apr 02 2018 | 9:20 PM IST

The CEO of Facebook is defending its advertising-supported business model.

Mark Zuckerberg's defence 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 today 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."

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First Published: Apr 02 2018 | 9:20 PM IST

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