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Facebook responds to former VP who said social media is destroying society

Facebook responds to former VP who said social media is destroying society

"I think we have created tools that are ripping apart the social fabric of how society works". "Misinformation, mistruth. And it's not an American problem - this is not about Russians ads", Palihapitiya said.

Palihapitiya said that the online reactions made possible by Facebook are destroying how society works.

In addition to making users give up their "intellectual independence", the engineer-turned-investor charged that Facebook has become a platform "where bad actors can now manipulate large swaths of people to do anything [they] want".

Palihapitiya joins other former Facebookers who are voicing concern about the impact the social network is having.

Palihapitiya, who founded venture capital firm Social Capital, went on CNBC to talk about his comments, emphasizing that he was speaking about social media in general-although in his initial remarks he is clearly talking about his own involvement and thus Facebook's-in creating damaging social media dynamics. "And we compound the problem". "We get rewarded with these short-term signals-hearts, likes, thumbs up".

Palihapitiya graduated from the University of Waterloo with a degree in electrical engineering in 1999 and went on to work for investment bank BMO Nesbitt Burns before moving to California. While he noted that Facebook "overwhelmingly does good in the world", Palihapitiya also said one of the ways he has reconciled his guilt over growing the platform has been to invest money in diabetes, education and climate-change research.

Last month in November, Sean Parker Facebook's first president had spoken about his regrets for his role in creating Facebook.

The app, called Messenger Kids, will enable children to chat with their friends and with approved adults with the consent of their parents.

Facebook has also been criticized heavily for how it regulates - or doesn't regulate - the content and origin of ads on its platform, especially when it came to thousands of Russian ads that were created to influence voters in the 2016 USA presidential election. In fact, as was pointed out, Facebook is admitting that it merely used to be a bad player, but has cleaned up. The company unusually answered the allegations, but the contents of the response were even more unexpected.

"Facebook was a very different company back then and as we have grown we have realized how our responsibilities have grown too", the company's reply continued, adding that it has been working with experts to understand Facebook's effects on society and using what it learns in the development of its products.

That appeared to be a reference not only to "fake news" that's flooding feeds in the United States, but also recent reports of dictatorial regimes in the Philippines, Turkey and Kenya using Facebook to target political dissenters.

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