Chamath Palihapitiya says Facebook should have an established product years ago

Chamath Palihapitiya, an early Facebook official, named the social media giant for not controlling his product despite the ongoing misinformation and threats that have plagued his pages over the past few years. gone.

“What I think to myself is that if I were working at Facebook today, I would be upset, and mostly because I would be wondering what changed six months ago, a year on back, 24 months ago and today.The decontamination was the same, the amount of vitriol flowing through some of the bodies was the same.They had the same organizational capacity .The Capitol Storm existed before they stormed the capitol, “the founder and CEO of investment firm Social Capital said Thursday during CNBC’s” Halftime Report. “

False information that started on dark corners of the internet made its way to social media and to conservative news outlets, and then was falsely repeated by President Donald Trump, creating a loop that kept conspiracy theories. Critics of social media companies, including Facebook and Twitter, for failing to review their content, which some say helped contribute to Wednesday’s riots at Capitol na SA.

“Unfortunately the skeptical part for me is that we made the most of short-term profit because of our democracy, and what we left in tatters was any sense of any kind. of an ethical or moral imperative that would govern decisions at that company, ”Palihapitiya said.

“That saddens me for the people who worked there. As a businessman, I think we’re also a bit to blame because we said that’s okay, because we’ve our livelihood with Facebook ‘s short – term profit.If the feedback loop was for Facebook to solve this problem or else we would sell your stock, they would have been repaired a long time ago. Instead, get rich, get richer, we’ll support you. “

Facebook said last Thursday that it would ban the president from posting to his Facebook and Instagram accounts indefinitely, and at least until President Joe Biden takes over the Oval Office.

Twitter, meanwhile, locked Trump’s Wednesday night account for 12 hours and warned that it could be permanently banned if it continued to violate the company’s civil integrity policy. A spokesman for Twitter told CNBC Thursday that Trump has now removed the offensive tweets, “and the 12-hour clock is on.” The lock could be removed around 3pm ET.

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