As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
The Business Roundtable said its members forecast that growth this year will clock in at 2.3%, down from last quarter's estimate of 2.6%.Politicsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Drone and missile debris recovered by investigators at the Saudi Aramco attack site is proof of Iranian culpability, a Saudi defense ministry representative told media on...World Politicsread more
Four Wall Street firms downgraded FedEx after the company's poor earnings report.Marketsread more
Some worry the regulators will squander an opportunity to crack down on potentially monopolistic behavior due to their own infighting.Technologyread more
FedEx CEO Fred Smith is "basically implying that we're going to import" a global slowdown," says CNBC's Jim Cramer.Investingread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Cook criticized Facebook last week during an interview with Recode's Kara Swisher and MSNBC's Chris Hayes, saying he "wouldn't be" in Zuckerberg's situation — hemorrhaging shareholder value and facing regulatory probes.
Zuckerberg came under fire over Facebook's privacy practices in the wake of revelations that Cambridge Analytica improperly gained access to data from more than 50 million user profiles. The profile information was used for targeted political ads.
Cook last week questioned the practice of monetizing user data on social platforms. Facebook executives have long said the service will always be free for users, but that such a model requires selling advertising based on anonymous user information.
"You know, I find that argument, that if you're not paying that somehow we can't care about you, to be extremely glib. And not at all aligned with the truth," Zuckerberg said in an "Ezra Klein Show" podcast published Monday by Vox.
"The reality here is that if you want to build a service that helps connect everyone in the world, then there are a lot of people who can't afford to pay," he added. "And therefore, as with a lot of media, having an advertising-supported model is the only rational model that can support building this service to reach people."
Zuckerberg said it "sounds ridiculous" to equate charging customers with having their best interests in mind.
"To the contrary, I think it's important that we don't all get Stockholm Syndrome, and let the companies that work hard to charge you more convince you that they actually care more about you. Because that sounds ridiculous to me," he said.