Brexit and the 2016 surprise victory of US president Donald Trump alarmed Roger McNamee, a technology investor and early mentor to Facebook founder Mark Zuckerberg. McNamee noticed how organized political operatives were exploiting the Facebook platform to spread negative attention grabbing content, influence voters and affect voting outcomes. For McNamee, the platform’s flawed business model, its monopolistic market position and the lack of government regulation have turned the formerly innocent social networking site into a threat to democracy. He shares his concerns and suggests remedies in an in-depth piece in the Washington Monthly, which getAbstract recommends to policy makers and citizen activists.
In this summary, you will learn
- Why Facebook’s business model is inherently flawed and
- How regulators can protect social media users from falling prey to manipulation.
About the Author
Roger McNamee is the founding partner of the venture capital firm Elevation Partners and an early mentor to Facebook founder Mark Zuckerberg.