The article can be read free with this link:
https://www.digi.no/artikler/ber-oljefondet-trekke-seg-ut-av...
Frances Haugen asks Government Pension Fund of Norway to sell out of Meta
11–20 of 45 posts
Re: Frances Haugen asks Government Pension Fund of Norway to sell out of Meta
#12I still cant believe how people with 6,7 digit salaries get convinced that more money is better than some amount of society responsibility. Dont they think that in 10 or 20 years down the line, many people (including them) will feel the pain of their actions.
They learned from people with 8, 9, 10, 11, 12 digit salaries.
Re: Frances Haugen asks Government Pension Fund of Norway to sell out of Meta
#13I still cant believe how people with 6,7 digit salaries get convinced that more money is better than some amount of society responsibility. Dont they think that in 10 or 20 years down the line, many people (including them) will feel the pain of their actions.
Most people have short term incentive initiatives at work. Unless there is a regulatory, financial, or compliance incentive, I don't see why a rational actor would plan 10-20 years ahead if their goal is to maximise value for their stakeholders & themselves.
Re: Frances Haugen asks Government Pension Fund of Norway to sell out of Meta
#14I still cant believe how people with 6,7 digit salaries get convinced that more money is better than some amount of society responsibility. Dont they think that in 10 or 20 years down the line, many people (including them) will feel the pain of their actions.
Facebook is a particularly strange example. In most cases I am absolutely not surprised that companies will actively harm society to profit short-term, I mean, they have to increase profits for their shareholders who really and I really mean it; don't give a shit what the companies does.
Save for, say, big trusts that do represent the interest of their owners or sometimes states (like Norway) that might have a political agenda, the "caring" is way too diluted between way too many parties for any sort of social responsibility to appear.
But Facebook? As far as I know, yes it is a publicly shared company... but decision making is still pretty much on Zuckerberg's hand much more than almost any other tech company out there... so why? Is it that the leadership at Facebook think they're doing something good? Maybe Zuckerberg really believes in his `meta` dream so much that he's willing to sacrifice anything to get there? Peculiar to say the least.
In any case, I'll quote Milton Friedman: "there is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”. But I will add a little bit more: if you have money, you have power, if you have power, you get to choose the rules of the game.
Re: Frances Haugen asks Government Pension Fund of Norway to sell out of Meta
#15I still cant believe how people with 6,7 digit salaries get convinced that more money is better than some amount of society responsibility. Dont they think that in 10 or 20 years down the line, many people (including them) will feel the pain of their actions.
Nobody cares about social responsibility, and you'll be hard-pressed to ever get anyone to genuinely care. Our "profession" has gone out of its way to establish new avenues in which copyright can be applied solely so we could "own" bits. Anyone releasing proprietary software is ignoring social responsibility.
Guess what? Nobody cares! Money is nice! It buys things! And Facebook gives its employees fascinating tasks and enjoyable work!
Nobody who works on software for a living, or is employed by a company largely based around software, has any right to judge any Facebook employees on the basis of "ignoring social responsibility," or not factoring in that people will feel the pain of their actions in an abstract future.
This profession systematically ruined a beautiful field and destroyed the potential it could have had to drastically help the human condition. We lost all right to talk about morality in 1969.
Who can honestly blame them? Who has the right to throw a stone, here?
Re: Frances Haugen asks Government Pension Fund of Norway to sell out of Meta
#16Translated version: https://www-digi-no.translate.goog/artikler/ber-oljefondet-t... (With access to all of the article)
Would be great to replace the link with this one.
Re: Frances Haugen asks Government Pension Fund of Norway to sell out of Meta
#17I still cant believe how people with 6,7 digit salaries get convinced that more money is better than some amount of society responsibility. Dont they think that in 10 or 20 years down the line, many people (including them) will feel the pain of their actions.
Nobody cares about social responsibility, and you'll be hard-pressed to ever get anyone to genuinely care. Our "profession" has gone out of its way to establish new avenues in which copyright can be applied solely so we could "own" bits. Anyone releasing proprietary software is ignoring social responsibility. Guess what? Nobody cares! Money is nice! It buys things! And Facebook gives its employees fascinating tasks a…
Money buys financial independence and time.
Re: Frances Haugen asks Government Pension Fund of Norway to sell out of Meta
#18While the title is in Norwegian, more appropriate title: "Frances Haugen asks Government Pension Fund of Norway to sell out of Meta". For context, the Government Pension Fund of Norway (commonly known as Oljefondet/The Oil Fund), owns ~1% of Meta. That FB are removing anti-Facebook ads are not mentioned in the article, and hardly news either way. What got removed were promotions for the event at the Nobel Peace Cente…
From almost the start of the article:
“The Nobel Peace Center advertised the event precisely on social media, but ads on Facebook were removed, without further explanation, as "political advertising". The center has received ads for other events on Facebook without any problems.”
Summary: Facebook is removing Nobel Peace Center ads about anti-Facebook event.
Or am I missing something?
Re: Frances Haugen asks Government Pension Fund of Norway to sell out of Meta
#19While the title is in Norwegian, more appropriate title: "Frances Haugen asks Government Pension Fund of Norway to sell out of Meta". For context, the Government Pension Fund of Norway (commonly known as Oljefondet/The Oil Fund), owns ~1% of Meta. That FB are removing anti-Facebook ads are not mentioned in the article, and hardly news either way. What got removed were promotions for the event at the Nobel Peace Cente…
From almost the start of the article: “The Nobel Peace Center advertised the event precisely on social media, but ads on Facebook were removed, without further explanation, as "political advertising". The center has received ads for other events on Facebook without any problems.” Summary: Facebook is removing Nobel Peace Center ads about anti-Facebook event. Or am I missing something?
Indeed. Editorializing the title to represent that as an "anti-Facebook-ad" is ragebait, especially as it isn't referred to as such in TFA.
EDIT response: You are free to call it an "anti-Facebook" ad in comments (though I'd disagree; the event was not against FB per se). Either way the title is misrepresenting the article as the ad-removal is just mentioned briefly and then talks about other things. I think you can still edit it to correct the mistake. HN guidelines:
> please use the original title, unless it is misleading or linkbait; don't editorialize.
Re: Frances Haugen asks Government Pension Fund of Norway to sell out of Meta
#20I still cant believe how people with 6,7 digit salaries get convinced that more money is better than some amount of society responsibility. Dont they think that in 10 or 20 years down the line, many people (including them) will feel the pain of their actions.
Nobody cares about social responsibility, and you'll be hard-pressed to ever get anyone to genuinely care. Our "profession" has gone out of its way to establish new avenues in which copyright can be applied solely so we could "own" bits. Anyone releasing proprietary software is ignoring social responsibility. Guess what? Nobody cares! Money is nice! It buys things! And Facebook gives its employees fascinating tasks a…
> Nobody cares about social responsibility
I'm not gonna argue whether people must care about it or not. But saying that nobody does is simply not true and sounds like an attempt to excuse yourself. I know quite a lot of people who made career decisions which did not maximise their profit in favour of not doing things your conscience will torment you about.