Apple's Tim Cook warns regulation is coming for the tech industry

This year has been horrendous for Silicon Valley's public image.

With a litany of issues like data misuse and political interference laid bare within the last 12 months, Apple CEO Tim Cook told Axios on HBO that government regulation of the tech industry is "inevitable."

"Generally speaking, I am not a big fan of regulation," he said in an interview from Apple's headquarters in Cupertino.

"I'm a big believer in the free market. But we have to admit when the free market is not working. And it hasn't worked here. I think it's inevitable that there will be some level of regulation ... I think the Congress and the administration at some point will pass something."  Read more...