Facebook shots back at former executive's criticism

Facebook shots back at former executive's criticism

The percentage wage increase is better for high school graduates, he said, but the dollar increase still favors the rich: a 3.3% raise for someone making $20,000 a year is $660-only an eighth of the $5,000 raise going to someone earning $500,000 and getting a 1% increase.

Chamath Palihapitiya, a former Facebook vice president who joined the company in 2007, recently told an audience at Stanford that the company is "ripping apart the social fabric of how society works".

Many observers attributed the unexpected outcomes of the 2016 US presidential election and Brexit referendum at least in part to the ideological echo chambers created by Facebook's algorithms, as well as the proliferation of fake news, conspiracy mongering, and propaganda alongside legitimate news sources in Facebook's news feeds. Palihapitiya admitted that he has no other solution, but ditching the platform altogether, and barring his kids' access to it. "No civil discourse, no cooperation, misinformation, mistruth", Palihapitiya said. He noted that consumer internet businesses are built around exploiting psychology, and that an approach of rapidly prototyping different approaches to see what works and what does not is something that has proven to work for social media platforms including Facebook, WhatsApp, Twitter, Instagram and Snapchat. Think about that compounded by two billion people, and then think about how people react then to the perceptions of others.

"We are in a really bad state of affairs right now".

A FORMER top Facebook executive has hit out at the global social network he helped set up claiming it is "ripping society apart". That's a long time in the world of tech, and especially for a company like Facebook which has grown to become the major player in the social media world.

"And don't think, 'Oh yeah, not me, I'm fucking genius, I'm at Stanford.' You're probably the most likely to fucking fall for it. 'Cause you are fucking check-boxing your whole Goddamn life". During his time, Facebook's monthly users grew more than 150-fold from 5.5 million in 2005 to 845 million by the end of 2011.

Facebook has responded to recent comments made by a former executive that criticized the company.

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Facebook did not immediately respond to a request for comment.

Palihapitiya isn't the only former Facebook executive to take aim at the social media giant.

Facebook, which would normally ignore such claims made against the social network, unusually issued a direct response to Palihapitiya's remarks.

"Bad actors can now manipulate large swathes of people to do anything you want", said Palihapitiya.

"The short term dopamine-driven feedback loops that we have created are destroying how society works", he said.

He urges those who use Facebook and all social media to decide 'how much of your intellectual independence' you are willing to give up.

He also said that he owes Facebook "everything" and that "they have done more than any other company to try to fix it".