Tim Cook blasts Facebook over data privacy

VCG via Getty Images

VCG via Getty Images

"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", Cook explained, according to Recode. We're not going to traffic in your personal life. An onslaught of negative reactions ensued both from many people and the press due to deep-seated concerns Facebook doesn't care about digital privacy and rather profit off knowing as much about users - like their tendencies and traits - as possible.

At the annual China Development Forum in Beijing last week, Cook said there was a need for "well-crafted regulation" to prevent users' information being peddled around without their knowledge.

"I think the best regulation is no regulation, is self-regulation".

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Said Cook: "We don't subscribe to the view that you have to let everyone in that wants to or if you don't, you don't believe in free speech..." Apple has policies of what is and isn't allowed there, and so Hayes and Swisher pressed him on whether Facebook's privacy issues might lead Apple to do something with that power.

While Apple has its own critics, Cook's criticism of Facebook is line with how Apple has operated in the past with regards to protecting user data.

"At stake is the data security of hundreds of millions of law-abiding people and setting a risky precedent that threatens everyone's civil liberties", he continued. "It's about Apple trying to do the right thing for its users".

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".

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When asked specifically about the potential regulation of tech companies that are collecting and using consumer data, sometimes without a clear explanation of what that data is being used for, Cook said he's "personally not a fan of regulation".

Revolution: Apple Changing the World is set to air April 6, at 8 p.m. EST on MSNBC.

Still, Cook's comments to MSNBC clearly indicate there will be no porn-related apps on the App Store any time soon.

"Nobody does that", joked Swisher, to which Cook responded: "I'm not making fun of it!"

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