Live data from Hacker News

Roger McNamee is really sad about Facebook

time.com

31–40 of 68 posts

Re: Roger McNamee is really sad about Facebook

#31

Earlier quoted context omitted.

Do you know of any successful and "big" companies that follow the structure?

Big according to who? Purism is a relevant example[1]. [1] https://puri.sm/posts/purism-now-a-social-purpose-corporatio...

I'm wondering if the next Google can be successful under such a structure, or if it would get outcompeted by a company that treats growth and profit as the only virtue. Companies like Purity is awesome, though.

Re: Roger McNamee is really sad about Facebook

#32

I think the right steps are already being taken. Breaking up Facebook would just decentralize the problem up and make it impossible to solve. At least with Facebook everything is in one place, and they have the money and resources to fix things.

Honestly curious: what steps do you see that are being taken?

Re: Roger McNamee is really sad about Facebook

#33

A heavily-recycled story that's been making the rounds since at least 2017. No matter, have to keep the outrage machine going to drive traffic!

Is it more reasonable to think that this is the beat of a baseless drumhead conspiracy, or that influential people are genuinely changing their minds about very large issues, despite the profitability of keeping silent?

Re: Roger McNamee is really sad about Facebook

#35

> Zuck has always believed that connecting everyone on earth was a mission so important that it justified any action necessary to accomplish it. Anytime someone starts telling you that their end is so noble it justifies any means, you should run away from them as fast as you possibly can.

It's no wonder that folks in the valley are so fascinated with AIs running amok and turning the world into a paperclip factory, because apparently that has been Facebooks business model from the start.

A very relevant article from Ted Chiang: https://www.buzzfeednews.com/article/tedchiang/the-real-dang...

"Consider: Who pursues their goals with monomaniacal focus, oblivious to the possibility of negative consequences? Who adopts a scorched-earth approach to increasing market share? This hypothetical strawberry-picking AI does what every tech startup wishes it could do — grows at an exponential rate and destroys its competitors until it’s achieved an absolute monopoly. The idea of superintelligence is such a poorly defined notion that one could envision it taking almost any form with equal justification: a benevolent genie that solves all the world’s problems, or a mathematician that spends all its time proving theorems so abstract that humans can’t even understand them. But when Silicon Valley tries to imagine superintelligence, what it comes up with is no-holds-barred capitalism."

Re: Roger McNamee is really sad about Facebook

#36

I think the right steps are already being taken. Breaking up Facebook would just decentralize the problem up and make it impossible to solve. At least with Facebook everything is in one place, and they have the money and resources to fix things.

Honestly curious: what steps do you see that are being taken?

The company is slowing down revenue growth to ramp up more security measures. Zuck seems committed to fixing Facebook even if it hurts near term investments.

Re: Roger McNamee is really sad about Facebook

#37

> Zuck has always believed that connecting everyone on earth was a mission so important that it justified any action necessary to accomplish it. Anytime someone starts telling you that their end is so noble it justifies any means, you should run away from them as fast as you possibly can.

It's no wonder that folks in the valley are so fascinated with AIs running amok and turning the world into a paperclip factory, because apparently that has been Facebooks business model from the start. A very relevant article from Ted Chiang: https://www.buzzfeednews.com/article/tedchiang/the-real-dang... "Consider: Who pursues their goals with monomaniacal focus, oblivious to the possibility of negative consequences…

I guess in a way, these big valley companies are indeed turning themselves into superintelligent entities that do exactly what folks in the valley worry about.

Re: Roger McNamee is really sad about Facebook

#38
I'm reading all the time about how fake news on Facebook supposedly influenced the elections, but I haven't heard of any factual confirmation of that. Did it really happen? Did somebody research that? How much influence did they find? I have seen research that says convincing people campaigning is pretty much hopeless - they'd nod to ads they agree with and ignore ones they disagree with, but won't change their minds : https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3042867

Maybe this research is wrong - but I'd like to see any research if Facebook fake news did really have any influence at all.

Re: Roger McNamee is really sad about Facebook

#39

Is it feasible to create a corporate structure that would encourage it to act with the public interest in mind? Are there any known patterns, research, or tries? My very ill-informed mind is thinking of a parent-child structure where the parent gets to veto and only veto decisions made by its children that may be harmful for the general public.

What's "public interest"? Why do you think everybody among the public has the same interest and this interest is easily identified and not subject to gaming and corruption by whoever is selected to identify it?

Re: Roger McNamee is really sad about Facebook

#40
post #38

I'm reading all the time about how fake news on Facebook supposedly influenced the elections, but I haven't heard of any factual confirmation of that. Did it really happen? Did somebody research that? How much influence did they find? I have seen research that says convincing people campaigning is pretty much hopeless - they'd nod to ads they agree with and ignore ones they disagree with, but won't change their minds…

The waters are further muddied by the fact that nobody can agree on a definition of "fake news."

It's meaningless, sensational claims all the way down.

Post reply on HN