He said the "profits are all based on the user's info, but the users get none of the profits back".
Wozniak says that he would rather pay extra money to Facebook rather than allow them to have and use his information.
"With Facebook, you are the product", said the Apple senior executive, who is one of the latest prominent users who have quit Facebook. During a joint interview with Recode and MSNBC, he was asked what he would do about the crisis if he were in Facebook CEO Mark Zuckerberg's position.
While Wozniak's comments might be read as merely parroting the Apple company line, he has spent many years outside the company espousing independent viewpoints, spotlighting his appreciation of Android phones and his lack of synchronization with Apple's marketing efforts.
On Sunday, when Wozniak deactivated his Facebook account he posted the following message: "I am in the process of leaving Facebook".
"If our customer was our product, we could make a ton of money", he said, echoing late Apple CEO Steve Job's stance on privacy. According to Wozniak, such firms use the widescale data collection operations to ace ad targeting.
Facebook is now enmeshed in several scandals, including the issue of privacy protocols in the wake of user data furnished to British political consulting firm Cambridge Analytica. Facebook has never charged for access to its service.
Facebook has created a huge controversy by selling the user data.
Zuckerberg is scheduled to testify before congressional committees in Washington this week about the Cambridge Analytica episode and Facebook's response.
Facebook said as many as 87 million people may have had their user data improperly shared.