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.
-
How Canadian tariffs could impact tourism to the USIn the Spotlight Canadians represent the largest group of foreign visitors to the United States. But they may soon stop visiting.
-
Entitlements: DOGE goes after Social SecurityFeature Elon Musk is pushing false claims about Social Security fraud
-
The Week contest: Amazon BondPuzzles and Quizzes
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
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
