> We need a fundamental re-evaluation of what our phones should be for, whether these platforms can ever return to their original purpose of actually bringing us together instead of keeping us scrolling Unpopular opinion but I think we need to stop building social networks if we want to bring people together. Let people meet each other in real life. Let the relationships flourish organically. No amount of tech will e…
Engineered Addictions
61–70 of 467 posts
Re: Engineered Addictions
#62Earlier quoted context omitted.
I have a better idea: let's combat the notion that putting shareholder value ahead of the common good is moral.
Great! You've convinced nobody of anything. Businesses are powerful tools for the common good and the fact they produce returns for investors is absolutely critical to their continued existence and long-term viability. But the point for businesses to exist at all is to produce positive externalities and they need to produce those externalities for more than just their owners. It cannot be "either/or" and it's not imm…
Re: Engineered Addictions
#63Earlier quoted context omitted.
> To be clear, business operators have extremely, extremely broad latitude in how they interpret their fiduciary duty to shareholders. That may be true legally, but practically it's only true if they control the board. Otherwise they will simply be replaced by people who are willing to do what the board wants.
The difference between getting fired and getting convicted of a crime is pretty important, actually!
Re: Engineered Addictions
#64I don’t think the VC money does much but accelerate the end state, the apps would become addictive if they were held privately their entire lifespan.
Re: Engineered Addictions
#65I'll tell you what's been working for me: an e-ink phone. It's a Bigme Hibreak Pro. The interface is a bit clunky but it gets the job done. Social media is just not fun on this phone. It's still very usable if I need it, however. I'm also knocking out books at a rate that I haven't in years.
Fascinating, bet the battery life is great. Probably no games on your phone but texting works like normal I'm guessing?
Texting works very well. I'm typing this on the phone right now. It's one of the smoothest eink devices I've ever encountered.
Re: Engineered Addictions
#66Earlier quoted context omitted.
The funding is raised to chase growth, otherwise no VC will ever give money. If you get the money and then try to U-turn and refuse to chase growth, the board will start asking questions The legal obligation is that CEO does whatever board tells him to, otherwise board can fire ceo
This still does not produce any legal obligation.
Re: Engineered Addictions
#67> Then it raised venture capital, hit scale, and needed to hit growth numbers and meet quarterly metric goals. The focus shifted from “authenticity” to “daily active users.” Having spent a few years in the VC world I have been increasingly convinced outside investment is the biggest reason why companies lose their morals. The legal obligation to represent shareholders erodes morality. When the people running these co…
I suppose we’re living in an age of unchecked capitalism. But there are other issues too
Re: Engineered Addictions
#68Re: Engineered Addictions
#69Last paragraph seems to speak without speaking. > We built these platforms. We can build better ones. But only if we're willing to abandon the economic models that made the current ones inevitable. Until we change those incentives, every attempt to fix social media will become part of the problem it’s trying to solve. We’ll keep wondering why we can’t just put our phones down, not realizing that billion-dollar compan…
That could be through a robust grant process, providing funding for social media that is not supported other ways.
Alternately, it could be through a UBI, giving people basic cash flow that could be allocated to paid social media platforms rather than everyone relying on ad-supported social media.
Re: Engineered Addictions
#70Last paragraph seems to speak without speaking. > We built these platforms. We can build better ones. But only if we're willing to abandon the economic models that made the current ones inevitable. Until we change those incentives, every attempt to fix social media will become part of the problem it’s trying to solve. We’ll keep wondering why we can’t just put our phones down, not realizing that billion-dollar compan…