Facebook exploits human weakness, admits former boss Sean Parker

10 November, 2017, 04:08 | Author: Leticia Walters
  • Entrepreneur Sean Parker attends the 5th Annual Sean Penn & Friends HELP HAITI HOME Gala benefiting J  P Haitian Relief Organization at Montage Hotel

Although Facebook is a social networking site, it also has enormous impact as an advertising platform and news distributor, reaching 2 billion people each month.

'When Facebook was getting going, I had these people who would come up to me and they would say, "I'm not on social media".

Parker said he would tell early holdouts to the platform that "we'll get you eventually".

While social media is a valuable tool to bring together friends and family from all over the world, Parker said it also "changes your relationship with society, with each other". The conversation did veer into Facebook territory and some of the information Parker divulged was bleak to say the very least.

While speaking with Axios, Parker said that the "thought process" held during the creation of Facebook was as follows: "How do we consume as much of your time and conscious attention as possible?"

But in his comments this week, Parker argued that the big brains behind big social networks knew exactly what they were doing when they developed their sites' advertising-based models.

Investors may or may not demand a response from Facebook to explain ethical concerns that have always existed but are now back in the spotlight.

Parker apparently joked that Zuckerberg would probably block his Facebook account after reading his comments to Axios.

Early Facebook adviser Sean Parker on Wednesday slammed the company he played a pivotal role in building.

Like magicians, social media apps "give people the illusion of free choice while architecting the menu so that they win, no matter what you choose", he wrote.

With each like and comment, Facebook is "exploiting" human psychology on objective to keep users hooked on a "social-validation feedback loop", Parker said, adding that it is "exactly the kind of thing that a hacker like myself would come up with".

But in the end, Parker conceded none of these should come as a surprise to innovators like himself and Zuckerberg.

It's something the creators of Facebook understood consciously, he said, but did it anyway.

He added that he, as well as Mark Zuckerberg, Facebook CEO, were well aware of the results that would be produced as a result of the constant social validation.

The billionaire recently founded the Parker Institute for Cancer Immunotherapy.



OJ Simpson banned from Las Vegas hotel after release on parole
Simpson was kicked out of the Cosmopolitan Hotel in Las Vegas on Wednesday night, after allegedly causing a disturbance. However, the facts of what actually occurred at Clique appear to be very much in dispute at the moment.

Topshop announces gender neutral changing rooms after complaint from trans customer
Topshop has apologised after a trans person was turned away from its changing rooms at a Manchester branch on Sunday (5 November).

MGM Resorts International Q3 Earnings Retreat 72%
Currently, 321.61 million total shares are owned by the public and among those 237.91 million shares have been available to trade. The Beach Point Capital Management Lp holds 2.45 million shares with $76.74 million value, down from 2.55 million last quarter.

Patriots' QB Tom Brady is Benjamin Button? Panthers' Cam Newton thinks so
When the Patriots depart for Denver on Friday, they won't be back in Foxboro until Monday, Nov. 20. Or so we thought. "We're all looking forward to that hopefully bond-forging experience".

Toddler With Dairy Allergy Dies After Preschool Feeds Him Grilled Cheese Sandwich
Mother Dina, father Thomas and five-year-old elder brother Sebastian are members of Elijah's immediate family. Harlem Hospital officials say patient confidentiality laws preclude it from commenting.