BERLIN — A comparison Facebook Inc.
FB, +0.76%
executive took a potential shot during Apple Inc.
AAPL, -0.10%
, stability a sniping between a tech giants as their business models are underneath augmenting inspection from tellurian regulators.
In a debate Monday during a Hertie School of Governance in a German capital, Facebook clamp boss of tellurian affairs and communications Nick Clegg criticized other vast tech companies for offering costly hardware and catering to what he called an “exclusive club” of rich consumers.
Clegg, a former U.K. emissary primary minister, argued that criticisms about tailored promotion on a amicable network destroy to underscore that a product stays giveaway for users, distinct products offering by Silicon Valley rivals.
Previously: Tech needs to purify adult a possess mess, Apple CEO Tim Cook tells Stanford grads
“Some other large tech companies make their income by offering costly hardware or subscription services, or in some cases both, to consumers in developed, wealthier economies,” Clegg said. “They are an disdainful club, accessible usually to aspirant consumers with a means to buy high-value hardware and services.” By contrast, he said, “Facebook was founded on a elementary principle: We wish to bond a world. And we don’t do that by charging for admission.”
An stretched chronicle of this news appears on WSJ.com.
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