Former Facebook Exec Says Social Media Is Ripping Society Apart
Another former Facebook executive has spoken out about the harm the social network is doing to civil society around the world. Chamath Palihapitiya, who joined Facebook in 2007 and became its vice president for user growth, said he feels “tremendous guilt” about the company he helped make.
“I think we have created tools that are ripping apart the social fabric of how society works,” he told an audience at Stanford Graduate School of Business, before recommending people to take a “hard break” from social media.
From The Verge. Story by James Vincent.
Palihapitiya’s criticisms were aimed not only at Facebook, but the wider online ecosystem. “The short-term, dopamine-driven feedback loops we’ve created are destroying how society works,” he said, referring to online interactions driven by “hearts, likes, thumbs-up.” “No civil discourse, no cooperation; misinformation, mistruth. And it’s not an American problem — this is not about Russians ads. This is a global problem.”
He says he tries to use Facebook as little as possible, and that his children “aren’t allowed to use that shit.” He later adds, though, that he believes the company “overwhelmingly does good in the world.”
In November, early investor Sean Parker said he has become a “conscientious objector” to social media, and that Facebook and others had succeeded by “exploiting a vulnerability in human psychology.”
A former product manager at the company, Antonio Garcia-Martinez, has said Facebook lies about its ability to influence individuals based on the data it collects on them, and wrote a book, “Chaos Monkeys,” about his work at the firm.
These former employees have all spoken out at a time when worry about Facebook’s power is reaching fever pitch. In the past year, concerns about the company’s role in the U.S. election and its capacity to amplify fake news have grown.
In his talk, Palihapitiya criticized not only Facebook, but Silicon Valley’s entire system of venture capital funding. He said that investors pump money into “shitty, useless, idiotic companies,” rather than addressing real problems like climate change and disease. Palihapitiya currently runs his own VC firm, Social Capital, which focuses on funding companies in sectors like healthcare and education.
Palihapitiya also notes that although tech investors seem almighty, they’ve achieved their power more through luck than skill. “Everybody’s bullshitting,” he said. “If you’re in a seat, and you have good deal flow, and you have precious capital, and there’s a massive tailwind of technological change … Over time you get one of the 20 (companies that become successful) and you look like a genius.”
Read more at The Verge.
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