Sean Parker did not predict the consequences that Facebook — the company he co-founded — would have on society. Speaking at an Axios event in Philadelphia on Wednesday, Parker admitted that Facebook created a "social-validation feedback loop" that he said exploited "a vulnerability in human psychology."
Parker recalled that in Facebook's nascent period, he believed that even the most ardent social media holdouts would eventually succumb to the urge to participate. The goal of these social media platforms was to "consume as much of your time and conscious attention as possible," Parker said, adding that the founders of Instagram and Facebook were well aware that their applications preyed on the human desire for validation and attention.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Why ghost guns are so easy to make — and so dangerousThe Explainer Untraceable, DIY firearms are a growing public health and safety hazard
-
The Week contest: Swift stimulusPuzzles and Quizzes
-
'It's hard to resist a sweet deal on a good car'Instant Opinion Opinion, comment and editorials of the day
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
