![]() ![]() “We take criticism seriously,” a Facebook spokesperson said in a statement provided to CNN Business. “They can withdraw some of the attention internet platforms depend on by altering their usage and demand action by policy makers in government,” he told CNN Business.įacebook is pushing back. “They manipulate attention for profit and enable bad actors to manipulate some users in ways that harm them and others.”īut he argues the public has “more power than they realize.” “Facebook and Google designed their products to create habits that for many people become an addiction,” McNamee told CNN Business on Monday. He says platforms need to keep people on their sites as long as possible and often the most polarizing, divisive, and emotive content is what keeps people engaged. (FB) and other tech giants are bad for society due to their reliance on advertising. McNamee argues in the book that the business models of Facebook ![]() Facebook is currently worth about $500 billion. McNamee has said he served as a mentor to CEO Mark Zuckerberg in Facebook’s early years and discouraged the young entrepreneur from selling the business for $1 billion to a bigger tech company. ![]() Tech investor Roger McNamee makes these claims in “Zucked: Waking up to the Facebook catastrophe,” due out on Tuesday. Facebook is bad for democracy and its executives have put profits over their civic responsibilities, an early investor in the company charges in a new book. ![]()
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