“‘The short-term, dopamine-driven feedback loops we’ve created are destroying how society works,’ said Chamath Palihapitiya, who joined Facebook in 2007 and served as its vice president for user growth,” Kerry Flynn writes for Mashable. “He was referring to the iconic ‘like’ button and other reactions we have while browsing News Feed.”

“The video, first surfaced by The Verge on Monday, is of Palihapitiya speaking at Stanford Graduate School of Business on Nov. 13,” Flynn writes. “Four days prior, Facebook’s founding president Sean Parker echoed similar concerns about Facebook ‘exploiting a vulnerability in human psychology.'”

“Palihapitiya critiqued not only Facebook and social networks but also the state of venture capital in Silicon Valley” Flynn writes. “‘Everybody’s bullshitting,’ he said of the venture capital community. ‘Over time you get one of the 20 [successful investments] and you look like a genius.'”

Read more in the full article here.

MacDailyNews Take: Yup.

We haven’t had personal FaceBook accounts for many years now. And happily so.MacDailyNews, May 11, 2017

Beyond the privacy aspect, Facebook is Creepster Central. It’s a Narcissists’ Paradise. In general, yuck. — MacDailyNews, March 27, 2015

SEE ALSO:
In bid to curtail ‘revenge porn,’ Facebook wants you to send your own nude images via Messenger – November 8, 2017
Apple CEO Tim Cook: Russian Facebook ads didn’t elect President Trump – November 2, 2017
Young people are leaving Facebook – August 22, 2017
If you haven’t already, it’s time to remove Facebook from your life – May 11, 2017
How to delete your online existence, while saving your data – March 1, 2017
Free ‘Data Selfie’ tool reveals how creepy Facebook tracks and studies your activity – February 17, 2017
Facebook begins tracking non-users around the internet – May 27, 2016
Former Facebook workers: We routinely suppressed conservative news – May 9, 2016
FCC won’t force Google and Facebook to stop tracking you – November 6, 2015
European Commission: Don’t use Facebook if you don’t want to be spied on – March 27, 2015
Edward Snowden’s privacy tips: ‘Get rid of Dropbox,” avoid Facebook and Google – October 13, 2014
Tim Berners-Lee: You should own your personal data, not Google, Facebook, Amazon, and advertisers – October 8, 2014
Facebook conducts massive psychology experiment on 700,000 unaware users, and you may have been a guinea pig – June 28, 2014
Why Apple really values your privacy – unlike Google, Facebook, or Amazon – June 25, 2014
U.S. NSA used Facebook to hack into computers – March 12, 2014
How to permanently delete your Facebook account – December 16, 2013
Study finds link between number of Facebook friends and ‘socially disruptive’ narcissism – April 10, 2012