Spotify is stalking you (advertising campaign image by Spotify) The public has woken up to the fact that Facebook is a spying and privacy violating machine. Governments in half a dozen countries have announced some sort of investigation into the company. What most people don’t realize is that Facebook is not unique. Virtually every […]
[MTP has only been saying this about Google for 10 years.]
Election interference has opened the door for the government to clamp down on social media companies. But while executives from Facebook, Google and Twitter have made multiple trips to testify in front of Congress, there’s been no clear movement towards enforcement.
“I think that you do it exactly the same way that you regulated the cigarette industry. Here’s a product: Cigarettes. They’re addictive, they’re not good for you,” Benioff told CNBC’s “Squawk Alley” on Tuesday. “I think that for sure, technology has addictive qualities that we have to address, and that product designers are working to make those products more addictive and we need to rein that back.”
The billionaire and former Facebook president Sean Parker now says he regrets helping turn the social network into a global phenomenon. The site grew by “exploiting a vulnerability in human psychology” with its greed for attention and the careful reward system it created to keep users addicted.
“We need to sort of give you a little dopamine hit every once in a while, because someone liked or commented on a photo or a post or whatever… It’s a social-validation feedback loop… a vulnerability in human psychology,” he admitted to news site Axios.
Parker’s backing was instrumental in turning the Harvard campus-only software into a global phenomenon by introducing Zuckerberg to Silicon Valley venture capital. (Parker [“A million dollars isn’t cool. You know what’s cool? A billion dollars”] was played by Justin Timberlake in The Social Network.)