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Apple's Tim Cook says technical regulation is “inevitable” because the free market is not working

The technology companies regulation comes, "said Apple Inc., Chief Executive Tim Cook, as the free market" does not work ".…

The technology companies regulation comes, “said Apple Inc., Chief Executive Tim Cook, as the free market” does not work “.

“I’m a big believer in the free market, but we have to admit when the free market is not working. And it has not worked here. I think it’s inevitable that there’s a certain degree of regulation.”


Tim Cook, Apple CEO

“I think Congress and government at some point will pass something,” said Cook Axios in an interview for “Axios on HBO”, which sent Sunday evening. And Cook said that technology companies should not be afraid of regulations.

“It’s not about integrity against profit or integrity of technical innovation. It was an incorrect choice, he said.

Cook told Axios that while he believes that the technology is not inherent good or bad, companies must be aware that their products may be abused.

He also said that while Silicon Valley has embraced diversity, it has “missed it” when it comes to closing the gender difference.

Apple parts

AAPL, + 1.11%

is up 14% so far so far compared to an almost 3% profit for Dow Jones Industrial Average

DJIA, + 0.49%

of which it is a component.

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