WEBVTT - Hey, Facebook: What’s that smell?, Part 1

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<v Speaker 1>False news is an ever growing virus that threatens to

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<v Speaker 1>corrode the very spirit of democracy. Facebook is front and center.

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<v Speaker 1>There's more than one problem going on here, right, I

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<v Speaker 1>mean the election problem, the media problem. That's one class,

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<v Speaker 1>thinks the data privacy is another class. If we are

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<v Speaker 1>not serious about facts and what's true and what's not,

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<v Speaker 1>if we can't discriminate between serious arguments and propaganda, then

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<v Speaker 1>we have problems. It is our mission to try to

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<v Speaker 1>help connect everyone around the world and to bring the

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<v Speaker 1>world closer together. Facebook says that they're bringing us together.

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<v Speaker 1>Welcome to Calling Bullshit, the podcast about purpose washing, the

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<v Speaker 1>gap between what companies say they stand for and what

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<v Speaker 1>they actually do, and what they would need to change

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<v Speaker 1>to practice what they preach. I'm your host, Time Ontogue,

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<v Speaker 1>and I've spent over a decade helping companies define what

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<v Speaker 1>they stand for, their purpose and then help them to

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<v Speaker 1>use that purpose to drive transformation throughout their business. Unfortunately,

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<v Speaker 1>at a lot of organizations today, there's still a pretty

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<v Speaker 1>wide gap between word. Indeed, that gap has a name.

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<v Speaker 1>We call it bullshit. But, and this is important, we

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<v Speaker 1>know that bullshit is a treatable disease. Because we felt

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<v Speaker 1>countless companies close that gap. So when the bullshit detector

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<v Speaker 1>lights up, we're going to explore things that a company

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<v Speaker 1>should do to fix it. We're devoting two episodes to

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<v Speaker 1>take a hard look at Facebook. Like you, I've been

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<v Speaker 1>thinking a lot about the company since January six one,

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<v Speaker 1>when we will never give up, We will never concede.

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<v Speaker 1>An angry, armed mob stormed the United States Capitol. President

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<v Speaker 1>Trump and others had fed them the big lie that

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<v Speaker 1>the election had been stolen. All of us here today

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<v Speaker 1>do not want to see our election victory stolen by

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<v Speaker 1>a bald and radical left Democrats, and it spread like

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<v Speaker 1>wildfire on social media, including Facebook, ultimately leading to a

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<v Speaker 1>frenzied mob out for blood. Glued to the news, watching

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<v Speaker 1>this chaos unfold, I couldn't stop thinking, how in the

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<v Speaker 1>hell did we get here? Watching the Capitol riots that day,

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<v Speaker 1>I could clearly see how much damage the gap between

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<v Speaker 1>ard indeed can actually do. So I decided I had

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<v Speaker 1>to take a harder look at as many of these

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<v Speaker 1>so called purpose led organizations as I could to try

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<v Speaker 1>to understand how many of them are just purpose washing.

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<v Speaker 1>What I discovered led to the creation of this show.

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<v Speaker 1>Each week we feature an organization and invite experts to

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<v Speaker 1>help investigate the potential gaps between what they say they

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<v Speaker 1>stand for and the actions they're actually taking. Will explore

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<v Speaker 1>why these gaps exist and more importantly, what the organization

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<v Speaker 1>needs to do to close them. So let's dig into Facebook,

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<v Speaker 1>starting with a quick rewind back to when Facebook was

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<v Speaker 1>just an online network for college kids. Born in Mark

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<v Speaker 1>Zuckerberg's dorm room at Harvard, Facebook took off fast. In

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<v Speaker 1>those early days. The company motto was move fast and

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<v Speaker 1>break things. People are just like too careful. I think

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<v Speaker 1>it's more useful to make things happen and then like

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<v Speaker 1>apologize later than it is to make sure that you

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<v Speaker 1>dot all your eyes now and then like just not

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<v Speaker 1>get stuffed on soon. Facebook was for everyone. It was

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<v Speaker 1>where we all reconnected with old friends and shared pictures

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<v Speaker 1>of our dogs and by if you use Facebook this

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<v Speaker 1>past Monday, you were in good company. You went about

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<v Speaker 1>a billion other people. That means one in seven people

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<v Speaker 1>on Earth. As it grew, some thing's definitely got broken

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<v Speaker 1>and the company came under increased scrutiny, which really reached

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<v Speaker 1>a boil around the presidential election. We're learning more about

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<v Speaker 1>how groups believed to be linked to Russia, used Facebook

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<v Speaker 1>to meddle in the election. Facebook's newest scandal revolves around

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<v Speaker 1>a data analysis firm called Cambridge Analytica. It raises some

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<v Speaker 1>troubling questions, including Facebook's role and targeting voters during so

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<v Speaker 1>in ten, with Americans more polarized than ever before, Mark

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<v Speaker 1>Zuckerberg announced a new, kinder, gentler mission. The thing that

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<v Speaker 1>I think we all need to do right now is

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<v Speaker 1>work to bring people closer together. And I think that

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<v Speaker 1>this is actually so important that we're going to change

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<v Speaker 1>Facebook's whole mission as a company in order to focus

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<v Speaker 1>on this. Give people the power to build community and

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<v Speaker 1>bring the world closer together, Which brings us to the

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<v Speaker 1>key question of this episode is that all just a

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<v Speaker 1>bunch of bullshit? So get out your BS detector and

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<v Speaker 1>join me on a quest to find out. To get

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<v Speaker 1>to the bottom of this, I talked to two experts

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<v Speaker 1>who spent a lot of time thinking and writing about Facebook.

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<v Speaker 1>First up, sent On a Roll, director of the m

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<v Speaker 1>I T Initiative on the Digital Economy, founding partner of

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<v Speaker 1>Manifest Capital, and author of The Hype Machine. How social

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<v Speaker 1>media disrupts our election, our economy, and our health and

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<v Speaker 1>how we must adapt sit on. Thank you so much

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<v Speaker 1>for joining us, Thanks for having me. I got a

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<v Speaker 1>strong sense from the book that you believe that there

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<v Speaker 1>is both great good that has flowed from the creation

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<v Speaker 1>of social platforms like Facebook, as well as great harm.

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<v Speaker 1>Can you first talk about some of the positive aspects

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<v Speaker 1>that you see. We've got to transcend this debate about

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<v Speaker 1>whether social media is good or evil, because the answer

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<v Speaker 1>is yes. I mean, I call this the promise and

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<v Speaker 1>the peril. So we went through a decade of techno utopianism,

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<v Speaker 1>which was related to this mantra Facebook was going to

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<v Speaker 1>connect the world and provide life saving health information and

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<v Speaker 1>so on, and access to jobs and meaningful human connection.

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<v Speaker 1>Then we went through a decade of no dystopianism, where

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<v Speaker 1>Facebook was destroying democracy and polarizing society and spreading this

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<v Speaker 1>information and so on. The question that we need to

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<v Speaker 1>be asking is how do we achieve the promise and

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<v Speaker 1>avoid the peril? What is the promise? Well, when Nepaul

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<v Speaker 1>had its greatest earthquake in a hundred years, Facebook spun

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<v Speaker 1>up a donate now button and raised more money than

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<v Speaker 1>Europe and the United States combined for relief efforts. Sinnon

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<v Speaker 1>also reminded me that Facebook is crucial to the success

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<v Speaker 1>of important community efforts like the ice Bucket Challenge, which

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<v Speaker 1>raised a quarter of a billion dollars for ALS research,

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<v Speaker 1>and the Black Lives Matter movement, which relies on social

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<v Speaker 1>media to spread awareness and information. Imagine that globally and

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<v Speaker 1>in some countries, Facebook is the entire Internet, like in

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<v Speaker 1>the Philippines and parts of Africa. Imagine the value that's

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<v Speaker 1>being created worldwide. But I'm also realistic about all of

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<v Speaker 1>the peril false news, election integrity, eurose and a privacy.

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<v Speaker 1>Our real challenge now is how do we achieve the

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<v Speaker 1>promise and avoid the peril? Right, you do a great

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<v Speaker 1>job of unpacking the promise. Could you spend another minute

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<v Speaker 1>just unpacking the peril a little bit? Think back to

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<v Speaker 1>the two thousand sixteen US presidential election. Russia sent manipulative

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<v Speaker 1>messages to a hundred and twenty six million people on Facebook,

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<v Speaker 1>twenty million people on Instagram, ten million tweets from accounts

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<v Speaker 1>with six million followers on Twitter. Erosions of privacy, our

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<v Speaker 1>lack of control over our own social networks, live streaming

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<v Speaker 1>of mass murders like the christ Church New Zealand, mass murder,

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<v Speaker 1>lots of bullying and hate speech, potential effects on depression

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<v Speaker 1>and loneliness and isolation, which we're still sorting out scientifically.

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<v Speaker 1>Certainly all of these effects are very important and the

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<v Speaker 1>polarization of society. Does the algorithm polarize us into political

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<v Speaker 1>factions that hate each other? Yeah, in the book you

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<v Speaker 1>use a term filter bubbles. Could you go into what

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<v Speaker 1>you mean by that term. There's two main algorithms that

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<v Speaker 1>run social media. One is the people you May know

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<v Speaker 1>or friend recommendation algorithm that really guides the structure of

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<v Speaker 1>the human social network online and the other the feed

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<v Speaker 1>algorithms that control the flow of information over this network.

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<v Speaker 1>And as these algorithms a connect us to people who

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<v Speaker 1>are like ourselves, who believe what we believe, and be

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<v Speaker 1>feed us information that is more likely to be what

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<v Speaker 1>we already believe in what we want to see. The

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<v Speaker 1>more we get trapped into our own way of thinking

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<v Speaker 1>and the less we have access to diversity. And this

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<v Speaker 1>has been shown in large scale experimental research to polarize

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<v Speaker 1>society and to create affective polarization, which is hatred of

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<v Speaker 1>the other side, that is a cent What I mean

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<v Speaker 1>by filter bubbles being trapped in an information environment where

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<v Speaker 1>you're only seeing things that comport with what you already believe,

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<v Speaker 1>and the algorithms are designed to do this, while the

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<v Speaker 1>algorithms are actually designed to maximize engagement primarily, which means

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<v Speaker 1>to keep you engaged with the platform, because that's what

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<v Speaker 1>the business model runs on. This is how Facebook works.

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<v Speaker 1>It's an attention economy. It needs attention to sell it

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<v Speaker 1>to advertisers and to persuade their users, whether it's to

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<v Speaker 1>support a political campaign, a good cause, or to convince

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<v Speaker 1>you to buy new shoes. Attention is essential to their

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<v Speaker 1>business model. So how do you keep the attention by

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<v Speaker 1>giving people things that either rile them up, that are

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<v Speaker 1>emotionally charged, or that uh comport with what they already believe.

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<v Speaker 1>And so though the algorithms are not necessarily designed to

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<v Speaker 1>separate us by by being designed to maximize our our

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<v Speaker 1>interaction with them, essentially they pull us apart kind of

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<v Speaker 1>as a result of that. Exactly, so, when it comes

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<v Speaker 1>to polarization, we know through experimental evidence that the large

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<v Speaker 1>scale experiments show that the algorithms pull us apart. Now

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<v Speaker 1>is that the soul cause of polarization in America holding

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<v Speaker 1>constant news media like CNN versus Fox holding constant politicians,

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<v Speaker 1>which are themselves polarizing. It's very difficult to know what

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<v Speaker 1>is primarily or solely responsible for polarization, but we do

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<v Speaker 1>know that the algorithms have an important role in that.

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<v Speaker 1>Sinnan says that even though most of us say we

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<v Speaker 1>want truth, what really makes us click is a strong

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<v Speaker 1>emotional reaction. And it's here that my bullshit detector is

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<v Speaker 1>going off because Facebook knowingly manipulates the user's emotional reaction

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<v Speaker 1>by optimizing the algorithm to reward the inflammatory and the ridiculous.

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<v Speaker 1>You point out that one of the you know, primary

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<v Speaker 1>drivers of of attention is novelty. I think you said

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<v Speaker 1>novelty is the short game and authenticity is the long game,

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<v Speaker 1>And I just wonder if you would talk more about

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<v Speaker 1>that those two ideas. Yeah, absolutely so. We conducted a

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<v Speaker 1>study which was at the time it was published, the

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<v Speaker 1>largest longitudinal study of the spread of true and false

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<v Speaker 1>news online on the cover of Science magazine in eighteen

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<v Speaker 1>and it was a ten year study of the spread

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<v Speaker 1>of verify true and false news stories spreading on Twitter.

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<v Speaker 1>And what we found in that study was false news

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<v Speaker 1>traveled farther, faster, deeper, and more broadly than the truth

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<v Speaker 1>in every category of information. And when we looked into

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<v Speaker 1>why novelty was the primary explanation, people were shocked and

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<v Speaker 1>awed by things that were surprising to them, and false

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<v Speaker 1>news was much more novel, shocking and surprising to them

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<v Speaker 1>than true news. And so in a sense, novelty and

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<v Speaker 1>surprise and shock and awe are engaging in the short term,

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<v Speaker 1>and they are also what we found in that study

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<v Speaker 1>was they're also emotionally charged, their blood boiling, their anger inducing.

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<v Speaker 1>They are um, you know, emotional, and that gets your attention.

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<v Speaker 1>The only problem with that is that I don't want

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<v Speaker 1>to see that all the time. When I think about

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<v Speaker 1>what I want out of the information that I consume online,

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<v Speaker 1>the types of people that I'm drawn to in terms

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<v Speaker 1>of influencers and so on are people who are authentic,

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<v Speaker 1>are people who are real, and people who are relatable.

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<v Speaker 1>And so what I mean by that is that the

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<v Speaker 1>short term shock and awe, anger inducing, blood boiling, surprising,

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<v Speaker 1>shocking information might be short term engagement spiking, but it's

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<v Speaker 1>not sustainable. And so the true leaders of the new

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<v Speaker 1>social Age are going to be the ones that realize

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<v Speaker 1>that long term shareholder value of their companies really should

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<v Speaker 1>align with society's values, not just the shock and awe

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<v Speaker 1>of the short term spikes and attention. Preach love that.

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<v Speaker 1>So do you think that there's a world in which

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<v Speaker 1>the algorithms could actually be redesigned to do a better

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<v Speaker 1>job of bringing us together? Absolutely? I think that that's

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<v Speaker 1>really part of the promise. Now, two things that are

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<v Speaker 1>essential to achieving that are algorithmic transparency and choice. We

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<v Speaker 1>need to know how these algorithms work. We need to

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<v Speaker 1>give consume humors choices between different algorithms and be upfront

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<v Speaker 1>about which algorithm is going to deliver what type of result.

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<v Speaker 1>So sit on on the Bullshit podcast. We are always

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<v Speaker 1>trying to discover how wide the delta is between word

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<v Speaker 1>and deed in a company. Fundamentally, Facebook says that they

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<v Speaker 1>are bringing us together. So bottom line, how why do

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<v Speaker 1>you think Facebook's delta is? Uh? Currently, their delta is

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<v Speaker 1>very wide. They have espoused a tremendous amount of the

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<v Speaker 1>promise and they haven't paid enough attention to the peril.

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<v Speaker 1>So I do believe that they would prefer to be

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<v Speaker 1>achieving the promise and avoiding the peril but it takes

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<v Speaker 1>effort and it sometimes costs to do that, and I

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<v Speaker 1>think that they haven't invested enough in addressing the problems

0:16:04.960 --> 0:16:09.520
<v Speaker 1>that are being created in society. They're realizing that their

0:16:09.560 --> 0:16:14.320
<v Speaker 1>current path is not sustainable. The question is what is

0:16:14.840 --> 0:16:17.960
<v Speaker 1>the path to closing the delta? Right now, we're at

0:16:18.000 --> 0:16:21.760
<v Speaker 1>a crossroads. We're at a crossroads between truth and falsity.

0:16:22.040 --> 0:16:26.600
<v Speaker 1>We're at a crossroads between meaningful human connection and polarization,

0:16:27.040 --> 0:16:31.880
<v Speaker 1>where at a crossroads between democracy and authoritarianism. And the

0:16:31.920 --> 0:16:36.200
<v Speaker 1>next eighteen to twenty four months are absolutely critical because

0:16:36.280 --> 0:16:40.160
<v Speaker 1>right now the world's attention is on these platforms. We

0:16:40.240 --> 0:16:44.880
<v Speaker 1>have to lean in, we have to make the right decisions,

0:16:44.920 --> 0:16:48.400
<v Speaker 1>and we have to have science under the hood of

0:16:48.480 --> 0:16:52.120
<v Speaker 1>all of these conversations. We need those transparent discussions to

0:16:52.120 --> 0:16:54.080
<v Speaker 1>take place, and we need them to take place now.

0:16:56.280 --> 0:16:59.520
<v Speaker 1>Sitan believes in the promise of Facebook, but because they

0:16:59.520 --> 0:17:03.360
<v Speaker 1>haven't to efficiently addressed the peril, we as a society

0:17:03.600 --> 0:17:07.520
<v Speaker 1>are at a crossroads. How Facebook responds in the next

0:17:07.560 --> 0:17:11.240
<v Speaker 1>eighteen to twenty four months will be crucial for closing

0:17:11.280 --> 0:17:14.879
<v Speaker 1>that gap. And because of this prognosis, I wanted to

0:17:14.920 --> 0:17:18.240
<v Speaker 1>get a second opinion. My next guest, Lucy Green is

0:17:18.280 --> 0:17:22.920
<v Speaker 1>a futurist, strategist and author of the book Silicon States,

0:17:23.320 --> 0:17:26.359
<v Speaker 1>The Power and Politics of Big Tech and What it

0:17:26.400 --> 0:17:30.520
<v Speaker 1>Means for our Future. I first asked her why she

0:17:30.640 --> 0:17:34.760
<v Speaker 1>thought Facebook changed its mission to focus on bringing people

0:17:34.800 --> 0:17:40.600
<v Speaker 1>together in the first place. I think it's partly to

0:17:40.640 --> 0:17:44.200
<v Speaker 1>do with the scale of these companies and how quickly

0:17:44.240 --> 0:17:49.480
<v Speaker 1>they grew. They epitomized, let's say, in the post bubble era,

0:17:50.400 --> 0:17:55.280
<v Speaker 1>this very glamorous idea of startups and hacking and all

0:17:55.320 --> 0:17:57.719
<v Speaker 1>of that stuff. And like a certain point, with the

0:17:57.760 --> 0:18:02.840
<v Speaker 1>scale that Facebook had reached, it becomes disingenuous. You see

0:18:02.880 --> 0:18:07.400
<v Speaker 1>the rise of this idea of purpose branding generally becoming

0:18:08.040 --> 0:18:10.960
<v Speaker 1>a bigger thing. So Facebook is not in a vacuum.

0:18:11.000 --> 0:18:14.240
<v Speaker 1>Here you have Google removing the whole like Adobe evil,

0:18:14.280 --> 0:18:17.920
<v Speaker 1>but sort of also making big claims to solve disease

0:18:17.960 --> 0:18:22.760
<v Speaker 1>and solve aging, and air BMB being about belonging. And

0:18:22.800 --> 0:18:24.880
<v Speaker 1>this was led by big tech in a major way.

0:18:25.480 --> 0:18:29.280
<v Speaker 1>The lexicon of brand messaging really shifted during this moment

0:18:29.320 --> 0:18:32.240
<v Speaker 1>to something that there was bigger. In the bigger context,

0:18:32.359 --> 0:18:34.960
<v Speaker 1>you have Facebook that can no longer claim to be

0:18:35.680 --> 0:18:42.399
<v Speaker 1>a plucky startup moving into international markets like India, like Africa,

0:18:42.840 --> 0:18:48.440
<v Speaker 1>like South America, and having a sort of reckless image

0:18:49.040 --> 0:18:51.359
<v Speaker 1>is not the way that you do that, right, That

0:18:51.440 --> 0:18:54.600
<v Speaker 1>makes sense. What I did notice in the timeline is

0:18:54.640 --> 0:18:57.600
<v Speaker 1>that right after he made this announcement, or very soon

0:18:57.680 --> 0:19:01.280
<v Speaker 1>after he made this announcement, the Cambridge Analytica scandal broke.

0:19:01.520 --> 0:19:03.920
<v Speaker 1>Do you think that's a coincidence or do you think

0:19:03.920 --> 0:19:08.560
<v Speaker 1>those might be connected. I think it's interesting in Facebook's trajectory,

0:19:08.720 --> 0:19:12.960
<v Speaker 1>they are quite responsive to these major well, depending on

0:19:13.000 --> 0:19:16.480
<v Speaker 1>how they perceived major scandals to be. Like. So for example,

0:19:17.400 --> 0:19:21.320
<v Speaker 1>the previous major big change that you saw in Facebook's

0:19:21.359 --> 0:19:26.320
<v Speaker 1>messaging maybe after move Fast and Break Ship, is after

0:19:26.359 --> 0:19:29.720
<v Speaker 1>that Aaron Sorkin movie comes out, which is hugely unflattering.

0:19:30.000 --> 0:19:33.040
<v Speaker 1>That's right, the social network, Right, so the social network

0:19:33.080 --> 0:19:36.240
<v Speaker 1>comes out and suddenly Mark Zuckerberg presents himself as a

0:19:36.320 --> 0:19:40.240
<v Speaker 1>major philanthropist, Right, so he was sort of using major

0:19:40.280 --> 0:19:44.160
<v Speaker 1>philanthropy as a bomb to negative imagery about him being

0:19:44.160 --> 0:19:46.800
<v Speaker 1>sort of an immature brat who created a sort of

0:19:47.119 --> 0:19:51.280
<v Speaker 1>women face comparison website. So you do see that as

0:19:51.280 --> 0:19:54.600
<v Speaker 1>a sort of pattern, And I wonder also the degree

0:19:54.640 --> 0:19:57.840
<v Speaker 1>to which Lenin might have been to some degree strategic

0:19:57.920 --> 0:20:02.480
<v Speaker 1>about lack of diversity at Facebook. After the Cambridge Analystic scandal,

0:20:03.200 --> 0:20:08.040
<v Speaker 1>I listened to the shareholder call with Facebook, and the

0:20:08.080 --> 0:20:13.720
<v Speaker 1>shareholders were saying, even if this was incompetence or lack

0:20:13.760 --> 0:20:18.560
<v Speaker 1>of foresight, you should be investing more in looking at

0:20:18.600 --> 0:20:24.239
<v Speaker 1>potential fallout from policies like this because they could have

0:20:24.320 --> 0:20:27.159
<v Speaker 1>a real knock on effect on the share value of

0:20:27.200 --> 0:20:30.119
<v Speaker 1>this company. Well, they were extremely dismissive of that, but

0:20:30.160 --> 0:20:34.240
<v Speaker 1>it became very clear that Facebook's notion of foresight, be

0:20:34.359 --> 0:20:36.879
<v Speaker 1>its strategic or ethical or whatever. To me, it should

0:20:36.880 --> 0:20:40.480
<v Speaker 1>be all of those things. It's sort of woefully under

0:20:40.520 --> 0:20:44.600
<v Speaker 1>invested in. And I also think structurally is not empowered.

0:20:44.640 --> 0:20:46.640
<v Speaker 1>I speak to people from Facebook often, I have friends

0:20:46.640 --> 0:20:48.440
<v Speaker 1>that work for Facebook, and it's very much the sort

0:20:48.440 --> 0:20:52.480
<v Speaker 1>of yes culture. People don't like it. If you disagree

0:20:52.840 --> 0:20:57.680
<v Speaker 1>or question or debate anything, what would you say their

0:20:57.800 --> 0:21:01.040
<v Speaker 1>real mission is? What are they really trying to do?

0:21:02.440 --> 0:21:06.119
<v Speaker 1>I think they're trying to own more and more aspects

0:21:06.200 --> 0:21:10.919
<v Speaker 1>or like the total communication experience in terms of dialogue

0:21:11.000 --> 0:21:16.199
<v Speaker 1>and expression, but also the way not just individuals but

0:21:16.400 --> 0:21:19.440
<v Speaker 1>business communications. So they're ramping up their B two B

0:21:19.720 --> 0:21:25.000
<v Speaker 1>communication hugely integrating without much I haven't seen much about

0:21:25.000 --> 0:21:27.800
<v Speaker 1>the privacy of B two B messaging and so on.

0:21:28.640 --> 0:21:32.280
<v Speaker 1>Just trying to own more share of human and business

0:21:32.320 --> 0:21:38.400
<v Speaker 1>communication to monetize that through targeted advertising. So just following

0:21:38.440 --> 0:21:40.960
<v Speaker 1>the threat of the Cambridge Analytica scandal, for just a

0:21:41.040 --> 0:21:46.080
<v Speaker 1>second after it broke, there was a consumer backlash hashtag

0:21:46.080 --> 0:21:49.280
<v Speaker 1>delete Facebook. I had a bunch of friends who deleted

0:21:49.320 --> 0:21:52.280
<v Speaker 1>their Facebook accounts at the time, but it didn't seem

0:21:52.320 --> 0:21:55.560
<v Speaker 1>to have much effect. I think there's a real cognitive

0:21:56.040 --> 0:22:01.479
<v Speaker 1>dissonance between what is becoming more discussed in the public

0:22:01.560 --> 0:22:06.840
<v Speaker 1>sphere and what is totally embedded in people's consumer behaviors.

0:22:07.040 --> 0:22:10.280
<v Speaker 1>I think people are becoming more and more aware of

0:22:10.560 --> 0:22:14.200
<v Speaker 1>the way Amazon treats its employees, but they're still using Amazon.

0:22:14.240 --> 0:22:17.200
<v Speaker 1>We've seen that from clear data points, more and more

0:22:17.240 --> 0:22:21.800
<v Speaker 1>aware of the gig economy and how predatory it is,

0:22:21.920 --> 0:22:24.840
<v Speaker 1>and yet we're all still catching ubers and ordering from

0:22:24.880 --> 0:22:27.679
<v Speaker 1>caviare and so on. And I think it's been very

0:22:27.760 --> 0:22:31.160
<v Speaker 1>easy for people to leave Facebook itself. That's where your

0:22:31.200 --> 0:22:34.359
<v Speaker 1>mom hangs out right. It's become more extreme, it's become

0:22:34.359 --> 0:22:38.600
<v Speaker 1>more light wing, but they're requiring much more in every

0:22:38.600 --> 0:22:41.280
<v Speaker 1>acquisition they're acquiring, or for now, you know, they might

0:22:41.320 --> 0:22:44.040
<v Speaker 1>be broken up we saw this week. But like you know,

0:22:44.840 --> 0:22:47.600
<v Speaker 1>it's very easy to leave Facebook, it's very difficult to

0:22:47.680 --> 0:22:51.399
<v Speaker 1>leave WhatsApp. I think by diversifying in the way that

0:22:51.480 --> 0:22:54.720
<v Speaker 1>they have, they've managed to make sure, at least to

0:22:54.760 --> 0:22:58.960
<v Speaker 1>some degree, that they're capturing some part of your life

0:22:59.000 --> 0:23:02.080
<v Speaker 1>in a way that is sort of been escapable. Right, Yeah,

0:23:02.200 --> 0:23:04.919
<v Speaker 1>so you can leave Facebook, but you can't ever really

0:23:05.000 --> 0:23:07.920
<v Speaker 1>leave Facebook is sort of the idea, right, They've got

0:23:07.920 --> 0:23:12.359
<v Speaker 1>you surrounded. Yes, losing a few eyeballs during delete Facebook

0:23:12.359 --> 0:23:14.720
<v Speaker 1>didn't seem to slow them down. But I actually thought

0:23:14.720 --> 0:23:17.240
<v Speaker 1>more recently in the wake of the George Floyd murder

0:23:17.240 --> 0:23:22.239
<v Speaker 1>in Minnesota, when a new outcry arose from organizations like

0:23:22.280 --> 0:23:27.480
<v Speaker 1>Stop Hate for Profit asking advertisers to boycott Facebook because

0:23:27.520 --> 0:23:32.320
<v Speaker 1>the platform has continued to essentially condone and spread hate speech.

0:23:32.920 --> 0:23:36.480
<v Speaker 1>And a lot of advertisers responded and signed up Big Ones,

0:23:36.560 --> 0:23:41.480
<v Speaker 1>Coca Cola, north Face, ri I, Unilever, like giant Global corporations.

0:23:41.680 --> 0:23:44.400
<v Speaker 1>But even that seems to have petered out. At that point.

0:23:44.480 --> 0:23:48.199
<v Speaker 1>I thought maybe they would listen because ad dollars ultimately

0:23:48.240 --> 0:23:49.679
<v Speaker 1>at the end of the day, or the thing that

0:23:49.720 --> 0:23:53.320
<v Speaker 1>they care about, but that didn't even seem to have

0:23:53.359 --> 0:23:57.480
<v Speaker 1>an effect. I think it speaks to how much they

0:23:57.640 --> 0:24:03.000
<v Speaker 1>own the consumer experience, right, right, So even advertisers can't

0:24:03.000 --> 0:24:06.480
<v Speaker 1>avoid it. I think advertisers have literally no power in

0:24:06.480 --> 0:24:10.120
<v Speaker 1>this scenario. So if you are an advertiser, there isn't

0:24:10.119 --> 0:24:14.320
<v Speaker 1>really much alternative And if you're a CMO an accountable

0:24:14.320 --> 0:24:16.280
<v Speaker 1>for that stuff, I think you just ultimately have to

0:24:16.359 --> 0:24:21.840
<v Speaker 1>vote with your KPI s right, Okay, Lucy, we are

0:24:21.920 --> 0:24:25.640
<v Speaker 1>always trying to discover how wide the delta is between

0:24:25.720 --> 0:24:29.400
<v Speaker 1>word and deed in a company. Facebook says that they're

0:24:29.440 --> 0:24:35.399
<v Speaker 1>bringing us together. How wide do you think Facebook's delta is?

0:24:40.280 --> 0:24:44.200
<v Speaker 1>I mean, it could not be more polar, right, There's

0:24:44.240 --> 0:24:47.080
<v Speaker 1>just this huge, huge gap. Just to put a fine

0:24:47.200 --> 0:25:00.760
<v Speaker 1>point on it, Lucy, is Facebook a bullshitter? Yes? Thank you, folks.

0:25:00.920 --> 0:25:04.200
<v Speaker 1>It is time to make the call. Is Facebook really

0:25:04.359 --> 0:25:07.040
<v Speaker 1>giving people the power to build community and bringing the

0:25:07.080 --> 0:25:10.400
<v Speaker 1>world closer together? Based on what I've heard so far,

0:25:11.160 --> 0:25:16.560
<v Speaker 1>I'm calling bullshit? But remember bullshit is a treatable disease.

0:25:17.240 --> 0:25:21.840
<v Speaker 1>So after the diagnosis, we always discussed the cure. So

0:25:21.880 --> 0:25:24.680
<v Speaker 1>I've invited three authorities on the topic to join us

0:25:24.680 --> 0:25:29.000
<v Speaker 1>for a roundtable discussion of the positive actions Facebook should

0:25:29.040 --> 0:25:34.440
<v Speaker 1>take to sort themselves out. This conversation and Facebook's official

0:25:34.600 --> 0:25:57.120
<v Speaker 1>BS score right after a quick break, welcome back. Since

0:25:57.160 --> 0:26:00.520
<v Speaker 1>we've concluded that there is a pretty big gap between

0:26:00.560 --> 0:26:04.800
<v Speaker 1>what Facebook says it stands for and what it's actually doing,

0:26:05.520 --> 0:26:07.919
<v Speaker 1>what should Mark Zuckerberg and his leadership team do to

0:26:08.040 --> 0:26:11.840
<v Speaker 1>solve it? In this podcast, we don't just curse the darkness.

0:26:12.240 --> 0:26:14.800
<v Speaker 1>We also like to light a few candles, So I've

0:26:14.840 --> 0:26:17.560
<v Speaker 1>assembled a panel of experts and asked them to propose

0:26:17.640 --> 0:26:21.000
<v Speaker 1>some concrete things that Facebook should do to get back

0:26:21.040 --> 0:26:26.240
<v Speaker 1>on track. Joining us, we have sit on it Roll,

0:26:26.640 --> 0:26:29.800
<v Speaker 1>who you have already met and who graciously agreed to

0:26:29.880 --> 0:26:33.080
<v Speaker 1>join us for the group discussion here as well. Thank

0:26:33.119 --> 0:26:36.159
<v Speaker 1>you for that sit On and welcome Thanks for having me,

0:26:36.480 --> 0:26:39.880
<v Speaker 1>and we are joined by two new guests. Cameron Nascar,

0:26:40.480 --> 0:26:44.720
<v Speaker 1>Founder and CEO of Cross Media. Founded in two thousand,

0:26:45.160 --> 0:26:51.040
<v Speaker 1>Cross Media is a forward thinking, transparent, highly analytical, totally

0:26:51.040 --> 0:26:54.600
<v Speaker 1>integrated creative media agency with over a hundred and sixty employees.

0:26:55.160 --> 0:26:59.240
<v Speaker 1>Thanks so much for being here today, Cameron, You're very welcome. Last,

0:26:59.320 --> 0:27:02.520
<v Speaker 1>but certainly not at least, we have Rosemary Ryan, founder

0:27:02.520 --> 0:27:06.359
<v Speaker 1>and co CEO of co Collective and also my business partner.

0:27:06.960 --> 0:27:10.200
<v Speaker 1>Rosemary is a renowned leader, brand builder, and rabble rouser

0:27:10.240 --> 0:27:14.480
<v Speaker 1>in the marketing industry. Thank you for being here, Rose here.

0:27:15.320 --> 0:27:18.080
<v Speaker 1>All right, so let's get right into it. So on,

0:27:18.240 --> 0:27:21.040
<v Speaker 1>I'm gonna ask you to go first. What are some

0:27:21.119 --> 0:27:24.880
<v Speaker 1>things that Facebook could do differently to truly live its

0:27:24.920 --> 0:27:27.639
<v Speaker 1>mission to empower people, to build community and bring us

0:27:27.640 --> 0:27:30.640
<v Speaker 1>all closer together. Well, I think it's a good mission

0:27:30.800 --> 0:27:33.040
<v Speaker 1>if we can live up to it, and I think

0:27:33.040 --> 0:27:36.200
<v Speaker 1>there are three things that Facebook could do. Two more

0:27:36.280 --> 0:27:40.240
<v Speaker 1>closely aligned with their mission, and that is moved from

0:27:40.640 --> 0:27:45.680
<v Speaker 1>UH perspective of short term thinking, two more long term thinking. Second,

0:27:45.800 --> 0:27:52.160
<v Speaker 1>to listen to their employees, and third to truly embrace transparency.

0:27:52.160 --> 0:27:55.080
<v Speaker 1>And let me tell you what I mean. So right now,

0:27:55.240 --> 0:28:00.679
<v Speaker 1>Facebook's business model UH is based on attention and engagement,

0:28:01.240 --> 0:28:04.520
<v Speaker 1>and what they've focused on so far is very short

0:28:04.680 --> 0:28:10.720
<v Speaker 1>term understandings of attention by trying to maximize engagement. But

0:28:10.800 --> 0:28:13.119
<v Speaker 1>I think the true leaders of the new Social Age

0:28:13.119 --> 0:28:17.720
<v Speaker 1>will be the ones that realize that long term shareholder

0:28:17.840 --> 0:28:24.399
<v Speaker 1>value is maximized by aligning the company's profit incentive with

0:28:24.600 --> 0:28:30.160
<v Speaker 1>society's values. Because when you have the short term engagement

0:28:30.200 --> 0:28:35.760
<v Speaker 1>model that creates fake news, that creates bullying, that creates

0:28:35.800 --> 0:28:40.040
<v Speaker 1>hate speech, and that creates crowd action like we saw

0:28:40.080 --> 0:28:43.000
<v Speaker 1>in the Capital riot, as well as stock market actions

0:28:43.040 --> 0:28:45.400
<v Speaker 1>like we saw with game Stop, that that might be

0:28:45.520 --> 0:28:49.880
<v Speaker 1>short term advertising profit maximizing, but that it risks a

0:28:49.960 --> 0:28:55.080
<v Speaker 1>regulatory and public opinion backlash that is uh, not good

0:28:55.080 --> 0:28:58.480
<v Speaker 1>for Facebook's bottom line in the long term. They should

0:28:58.520 --> 0:29:03.680
<v Speaker 1>give consumers choice between algorithms one through ten while describing

0:29:03.720 --> 0:29:06.080
<v Speaker 1>how all of them work, and have a drop down

0:29:06.160 --> 0:29:08.800
<v Speaker 1>menu on my feed that says, I want the more

0:29:08.880 --> 0:29:12.920
<v Speaker 1>diversity algorithm, or I want the more such and such algorithm,

0:29:12.920 --> 0:29:16.160
<v Speaker 1>which with much more background on how all of them work.

0:29:16.880 --> 0:29:21.959
<v Speaker 1>And they need to have much more comprehensive, transparent and precise,

0:29:22.160 --> 0:29:26.760
<v Speaker 1>detailed content moderation policies they currently don't have that. The

0:29:26.880 --> 0:29:28.719
<v Speaker 1>one last thing I'll say is they're going to have

0:29:28.800 --> 0:29:32.640
<v Speaker 1>to thread what I call the transparency paradox, which is

0:29:32.720 --> 0:29:37.480
<v Speaker 1>that we have been asking them to be simultaneously more transparent,

0:29:37.880 --> 0:29:41.560
<v Speaker 1>oh and by the way, more secure at the same time,

0:29:41.840 --> 0:29:45.120
<v Speaker 1>and the way they do that is with technical and

0:29:45.280 --> 0:29:51.280
<v Speaker 1>policy oriented approaches like differential privacy, which allows you to

0:29:51.520 --> 0:29:57.560
<v Speaker 1>reveal data without revealing individuals private information, so that you

0:29:57.600 --> 0:30:02.120
<v Speaker 1>can be more transparent and more secure at the same time.

0:30:02.440 --> 0:30:06.800
<v Speaker 1>Thank you, Sonan Rosemary. What are your thoughts on ways

0:30:06.880 --> 0:30:11.400
<v Speaker 1>that Facebook might better do their story? So, I guess

0:30:11.440 --> 0:30:13.040
<v Speaker 1>the first thing I always say is that I think

0:30:13.080 --> 0:30:16.560
<v Speaker 1>they have an excellent story and excellent purpose, one that

0:30:16.920 --> 0:30:20.440
<v Speaker 1>is not just critical for them to fulfill, but I

0:30:20.480 --> 0:30:23.680
<v Speaker 1>think one that we as a world a community needs

0:30:23.680 --> 0:30:25.600
<v Speaker 1>to kind of get behind. I think they now need

0:30:25.680 --> 0:30:29.280
<v Speaker 1>to step back, slow down, and fix things because it

0:30:29.320 --> 0:30:31.880
<v Speaker 1>can no longer be about growth for growth sake, but

0:30:31.920 --> 0:30:34.840
<v Speaker 1>really growth in service of community, and so that I

0:30:34.880 --> 0:30:38.040
<v Speaker 1>think involves not just doing the odd thing in service

0:30:38.080 --> 0:30:42.000
<v Speaker 1>of this, but really taking stop, focusing and investing their

0:30:42.040 --> 0:30:44.520
<v Speaker 1>time their considerable talent. They have some of the best

0:30:44.520 --> 0:30:46.520
<v Speaker 1>talent in the world. For me, there are two key

0:30:46.520 --> 0:30:49.400
<v Speaker 1>issues that I think that they need to tackle. The

0:30:49.440 --> 0:30:52.320
<v Speaker 1>first is the issue of polarization, and the second is

0:30:52.360 --> 0:30:57.640
<v Speaker 1>the issue of misinformation. They talk a lot about empowering people,

0:30:57.760 --> 0:31:01.320
<v Speaker 1>giving people the power. They use people's data as a

0:31:01.320 --> 0:31:03.560
<v Speaker 1>way to kind of sell advertising, but they don't actually

0:31:03.560 --> 0:31:07.080
<v Speaker 1>share it with the people that they're taking it from.

0:31:07.120 --> 0:31:10.040
<v Speaker 1>So we are able to give people the tools to

0:31:10.160 --> 0:31:13.880
<v Speaker 1>see what they're engaging with. It might actually help them

0:31:14.080 --> 0:31:16.840
<v Speaker 1>be more mindful and behave slightly differently. So you know,

0:31:16.880 --> 0:31:18.959
<v Speaker 1>one thought is that they could share a used report

0:31:19.400 --> 0:31:22.400
<v Speaker 1>at the end of each week that shows your exposure

0:31:22.440 --> 0:31:24.680
<v Speaker 1>to different types of content. So think about the kind

0:31:24.720 --> 0:31:27.840
<v Speaker 1>of Apple model raising your awareness of what you're seeing,

0:31:28.480 --> 0:31:31.640
<v Speaker 1>how much time you're spending with it, with conspiracy theories,

0:31:31.640 --> 0:31:34.160
<v Speaker 1>with poppy content, with fake news, with family news, you

0:31:34.240 --> 0:31:37.120
<v Speaker 1>name it. Maybe show how much of that content is

0:31:37.200 --> 0:31:39.959
<v Speaker 1>labeled fake or untrue when we can talk about how

0:31:40.000 --> 0:31:42.520
<v Speaker 1>we actually get to that, how much is negative in

0:31:42.560 --> 0:31:45.240
<v Speaker 1>tone versus positive. There are lots of different ways to

0:31:45.320 --> 0:31:47.280
<v Speaker 1>kind of break down your data they have all of it.

0:31:48.160 --> 0:31:50.240
<v Speaker 1>Once they have that, they can then maybe tie that

0:31:50.360 --> 0:31:53.840
<v Speaker 1>to some kind of accountability to help you maybe watch

0:31:53.920 --> 0:31:56.760
<v Speaker 1>less hate content, lower your usage on things that are

0:31:56.800 --> 0:32:00.520
<v Speaker 1>more conspiracy driven, give people actual tips on how to

0:32:00.560 --> 0:32:03.200
<v Speaker 1>kind of navigate the content they're using. I mean, there's

0:32:03.280 --> 0:32:05.840
<v Speaker 1>a lot of different apps right now that use nudges

0:32:06.400 --> 0:32:09.360
<v Speaker 1>as a way to encourage more healthy behavior, So how

0:32:09.400 --> 0:32:12.200
<v Speaker 1>can they use more kind of nudges on the platform,

0:32:12.280 --> 0:32:15.440
<v Speaker 1>and then maybe taking it one step further and rather

0:32:15.480 --> 0:32:17.720
<v Speaker 1>than just as you should report that you get every week,

0:32:18.440 --> 0:32:21.360
<v Speaker 1>actually building it into the platform and your usage in

0:32:21.400 --> 0:32:24.800
<v Speaker 1>real time, and I think last, but not least, all

0:32:24.800 --> 0:32:26.560
<v Speaker 1>of that data, then they should be sharing it with

0:32:26.600 --> 0:32:31.520
<v Speaker 1>the world. Make it global, show everybody what's actually really happening. Yeah,

0:32:31.720 --> 0:32:34.719
<v Speaker 1>I love it. Okay, Cameron, bring us on. Let's hear

0:32:34.760 --> 0:32:36.560
<v Speaker 1>a few thoughts from you and then we can get

0:32:36.600 --> 0:32:40.480
<v Speaker 1>into the discussion. Well, I'm in the camp probably that

0:32:40.600 --> 0:32:43.400
<v Speaker 1>it maybe it's too late for Facebook to change, and

0:32:43.440 --> 0:32:45.680
<v Speaker 1>if they were to change, then really I think a

0:32:45.800 --> 0:32:49.320
<v Speaker 1>rewrite of the mission entirely is in order. And I

0:32:49.320 --> 0:32:51.760
<v Speaker 1>think trying to bring the world together as bold and

0:32:51.800 --> 0:32:54.360
<v Speaker 1>its ambitious, but to bit nay even what's led to

0:32:54.440 --> 0:32:57.280
<v Speaker 1>some of the issues that they have today, and I

0:32:57.320 --> 0:33:00.720
<v Speaker 1>would bring it down to a much simpler version. I

0:33:00.760 --> 0:33:03.080
<v Speaker 1>felt compelled to sort of rewrite it, and it goes

0:33:03.120 --> 0:33:05.560
<v Speaker 1>something like this. It's more of a purpose statement. Our

0:33:05.600 --> 0:33:08.400
<v Speaker 1>purpose is to make it easy for people to connect.

0:33:08.600 --> 0:33:11.920
<v Speaker 1>Our duty is to protect your privacy. You have a

0:33:12.000 --> 0:33:14.760
<v Speaker 1>choice to join our community. The platform is free for

0:33:14.800 --> 0:33:17.800
<v Speaker 1>you to use. If you join, you are allowing Facebook

0:33:17.800 --> 0:33:20.600
<v Speaker 1>and your friends to see whatever you share about yourself.

0:33:20.640 --> 0:33:23.280
<v Speaker 1>You can control who sees your information, and you should

0:33:23.320 --> 0:33:25.920
<v Speaker 1>manage your settings the way you might manage anything extremely

0:33:25.920 --> 0:33:29.080
<v Speaker 1>important to you, like your finances, your car, or your house.

0:33:29.640 --> 0:33:32.880
<v Speaker 1>We strive to do the right thing. As a technology company,

0:33:33.200 --> 0:33:35.560
<v Speaker 1>we are always in beta, and as a result, we

0:33:35.680 --> 0:33:38.760
<v Speaker 1>sometimes get things wrong when we make a mistake. We

0:33:38.960 --> 0:33:42.800
<v Speaker 1>vowed to be open, transparent, and communicative to you about

0:33:42.840 --> 0:33:46.560
<v Speaker 1>exactly what is happening and the potential impact to you.

0:33:47.560 --> 0:33:50.040
<v Speaker 1>And I think if you turn the mission statement a

0:33:50.080 --> 0:33:52.680
<v Speaker 1>little bit on its head and create more purpose behind

0:33:52.880 --> 0:33:56.320
<v Speaker 1>what you're actually aiming to do, connect and at the

0:33:56.360 --> 0:34:00.880
<v Speaker 1>same time protect the privacy of its users. But I

0:34:00.920 --> 0:34:03.880
<v Speaker 1>think a rewrite of the mission is in complete order. Alright,

0:34:04.000 --> 0:34:07.640
<v Speaker 1>some great ideas, So, non, I loved several of the

0:34:07.720 --> 0:34:10.960
<v Speaker 1>things that you talked about their you know, in particular

0:34:11.040 --> 0:34:13.640
<v Speaker 1>the move from short term thinking to long term thinking.

0:34:13.840 --> 0:34:16.120
<v Speaker 1>It sounds like I believe it's sort of a fantasy

0:34:16.160 --> 0:34:19.239
<v Speaker 1>that they are currently maximizing shareholder value, because what they're

0:34:19.239 --> 0:34:23.520
<v Speaker 1>doing today is threatening shareholder value by thinking short term

0:34:23.560 --> 0:34:27.880
<v Speaker 1>and not taking into consideration stakeholders. How do we convince

0:34:28.040 --> 0:34:31.239
<v Speaker 1>them of that, you know, because in a way you

0:34:31.320 --> 0:34:35.560
<v Speaker 1>have to convince a publicly traded company to forego some

0:34:35.680 --> 0:34:40.640
<v Speaker 1>short term income in in service of thinking longer term.

0:34:40.680 --> 0:34:43.440
<v Speaker 1>That's a hard thing. Yeah, I have some thoughts on that.

0:34:43.520 --> 0:34:47.680
<v Speaker 1>So in my book, I describe four levers that we

0:34:47.800 --> 0:34:51.080
<v Speaker 1>have to sort of fix the social media crisis that

0:34:51.120 --> 0:34:54.720
<v Speaker 1>we find ourselves in. And those lovers are money, code, norms,

0:34:54.760 --> 0:34:58.239
<v Speaker 1>and laws. Money is the business models of the platforms

0:34:58.280 --> 0:35:01.360
<v Speaker 1>that govern the incentives for how the advertisers and the

0:35:01.400 --> 0:35:05.200
<v Speaker 1>consumers behave on the platforms. Code is the way that

0:35:05.239 --> 0:35:09.000
<v Speaker 1>the platforms and the algorithms are designed. Norms is how

0:35:09.040 --> 0:35:12.440
<v Speaker 1>we adopt and use and espouse a zeitgeist about what

0:35:12.480 --> 0:35:15.799
<v Speaker 1>we think about social media in society. And laws of

0:35:15.840 --> 0:35:20.440
<v Speaker 1>course a regulation. So money and code is under the

0:35:20.520 --> 0:35:23.960
<v Speaker 1>purview of the platforms in a sense. And so in

0:35:24.120 --> 0:35:27.600
<v Speaker 1>terms of norms, things like the Delete Facebook movement and

0:35:27.640 --> 0:35:31.120
<v Speaker 1>the stop Hate for Profit movement express a public sentiment

0:35:31.320 --> 0:35:35.080
<v Speaker 1>about the unhappiness that people have about the direction that

0:35:35.120 --> 0:35:41.360
<v Speaker 1>Facebook has taken. The employees whistleblowing and leaving in droves

0:35:41.360 --> 0:35:44.920
<v Speaker 1>express an opinion from the inside about how happy employees

0:35:44.920 --> 0:35:48.640
<v Speaker 1>are with the direction that Facebook has taken, that pressure

0:35:48.680 --> 0:35:52.960
<v Speaker 1>needs to continue and be stepped up. Secondly, I think

0:35:53.000 --> 0:35:56.799
<v Speaker 1>we can make some meaningful inroads from the perspective of regulation.

0:35:57.320 --> 0:36:00.440
<v Speaker 1>So the reason that Facebook doesn't have any sentive to

0:36:00.520 --> 0:36:04.680
<v Speaker 1>change is because it doesn't have competition, and so it

0:36:04.760 --> 0:36:07.960
<v Speaker 1>can continue doing what it's doing, and it's short term

0:36:08.040 --> 0:36:13.040
<v Speaker 1>view of profits is profit maximizing. People can't leave Facebook

0:36:13.080 --> 0:36:17.080
<v Speaker 1>easily because they're technically locked in because their network effects

0:36:17.120 --> 0:36:20.040
<v Speaker 1>and so on. We need to look at regulation. When

0:36:20.040 --> 0:36:23.080
<v Speaker 1>I say that, people immediately think, oh, you mean breakup Facebook,

0:36:23.120 --> 0:36:25.880
<v Speaker 1>But that's not what I mean. The social media economy

0:36:25.920 --> 0:36:29.000
<v Speaker 1>runs on network effects, which means that the value of

0:36:29.000 --> 0:36:31.040
<v Speaker 1>a platform is a function of how big it is.

0:36:31.480 --> 0:36:35.000
<v Speaker 1>And in markets that run on network effects, they tend

0:36:35.040 --> 0:36:39.040
<v Speaker 1>toward market concentration, they tend towards monopoly. So if you

0:36:39.080 --> 0:36:41.760
<v Speaker 1>break up Facebook, it's just going to tip the next

0:36:41.840 --> 0:36:45.560
<v Speaker 1>Facebook like company into market dominance. What we need is

0:36:45.600 --> 0:36:49.120
<v Speaker 1>structural reforms of the social media economy itself. We need

0:36:49.160 --> 0:36:52.840
<v Speaker 1>to be able to connect across platforms that will preserve

0:36:52.920 --> 0:36:57.000
<v Speaker 1>the value created in the network effects and allow me

0:36:57.120 --> 0:37:00.520
<v Speaker 1>to switch from one platform to another and will keep

0:37:00.560 --> 0:37:03.880
<v Speaker 1>my social network. That will enable us to vote with

0:37:03.920 --> 0:37:06.960
<v Speaker 1>our feet when we don't like the policies or privacy

0:37:07.080 --> 0:37:11.120
<v Speaker 1>policies of a given platform, and that kind of switching

0:37:11.600 --> 0:37:15.480
<v Speaker 1>is what's going to really enable competition. I was just

0:37:15.520 --> 0:37:17.760
<v Speaker 1>going to jump in and say that I think people

0:37:17.840 --> 0:37:20.960
<v Speaker 1>already are voting with their feet. Facebook is becoming an

0:37:21.000 --> 0:37:26.239
<v Speaker 1>increasingly toxic environment, and the audience that they have there

0:37:26.280 --> 0:37:29.040
<v Speaker 1>is not actually the most desirable audience for short term

0:37:29.080 --> 0:37:32.480
<v Speaker 1>growth in terms of attracting advertisers. Younger generations have already

0:37:32.480 --> 0:37:36.120
<v Speaker 1>decided that that is not a place that they want

0:37:36.160 --> 0:37:38.840
<v Speaker 1>to spend their time, and new platforms like TikTok, etcetera

0:37:39.000 --> 0:37:41.200
<v Speaker 1>starting to kind of fill that space. So I think

0:37:41.280 --> 0:37:44.080
<v Speaker 1>long term growth, I think there's some meat short term

0:37:44.120 --> 0:37:47.080
<v Speaker 1>growth issues that they're probably starting to feel that will

0:37:47.120 --> 0:37:49.000
<v Speaker 1>only increase if they don't start to address some of

0:37:49.000 --> 0:37:51.640
<v Speaker 1>the issues. And Cameron, I see you nodding there. I'd

0:37:51.680 --> 0:37:53.920
<v Speaker 1>love to hear your perspective, because I mean, you're at

0:37:53.960 --> 0:37:58.200
<v Speaker 1>that cold face with clients, like having them decide whether

0:37:58.280 --> 0:38:00.200
<v Speaker 1>or not to invest in Facebook or not. What kind

0:38:00.200 --> 0:38:03.360
<v Speaker 1>of conversations are you having with them? Yeah, it runs

0:38:03.400 --> 0:38:06.680
<v Speaker 1>the gamut. Most clients understand the value Facebook can bring,

0:38:06.960 --> 0:38:09.320
<v Speaker 1>but they're very, very wary, like all of us are.

0:38:10.000 --> 0:38:13.280
<v Speaker 1>And I think the idea competition is starting to emerge,

0:38:13.440 --> 0:38:15.160
<v Speaker 1>and I think some of the things you're seeing with

0:38:15.400 --> 0:38:19.759
<v Speaker 1>Apple iOS fourteen and the limiting of data access are

0:38:19.800 --> 0:38:22.720
<v Speaker 1>really going to start to chip away at Facebook's power

0:38:22.880 --> 0:38:28.000
<v Speaker 1>and make it probably less of a tool for advertisers

0:38:28.040 --> 0:38:32.080
<v Speaker 1>to extract certain kinds of data and more of a

0:38:32.480 --> 0:38:35.920
<v Speaker 1>general advertising platform to do what advertising is intended to do,

0:38:36.000 --> 0:38:38.920
<v Speaker 1>which is helped move minds and behaviors and not manipulate.

0:38:39.280 --> 0:38:41.319
<v Speaker 1>On the idea of regulation that I'd like to go

0:38:41.520 --> 0:38:44.440
<v Speaker 1>back to that for one second, because I completely agree

0:38:44.480 --> 0:38:49.120
<v Speaker 1>there needs to be some sort of regulatory body, and frankly,

0:38:49.120 --> 0:38:52.120
<v Speaker 1>i'd like to see the founders and the owners of

0:38:52.160 --> 0:38:55.759
<v Speaker 1>these platforms step up and create a council of self

0:38:55.880 --> 0:39:00.839
<v Speaker 1>regulation amongst themselves and decide that they're going to put

0:39:00.880 --> 0:39:03.960
<v Speaker 1>some standards and practices in place. You know, not unlike

0:39:04.000 --> 0:39:09.120
<v Speaker 1>the alcohol industry, where you have market messaging around drinking responsibly,

0:39:09.320 --> 0:39:12.680
<v Speaker 1>bringing full transparency and how they operate. But right now,

0:39:12.840 --> 0:39:17.480
<v Speaker 1>because of Facebook and other social platforms are technologies or platforms,

0:39:17.480 --> 0:39:20.160
<v Speaker 1>and they're not media companies and they're not consumer brands.

0:39:20.440 --> 0:39:25.480
<v Speaker 1>They've completely skirted all regulation that is typically applied to

0:39:25.840 --> 0:39:29.040
<v Speaker 1>other industry. You know, you would never send you know,

0:39:29.120 --> 0:39:32.120
<v Speaker 1>food into a market that was spoiled. The FDA would

0:39:32.120 --> 0:39:34.000
<v Speaker 1>never allow that, the same way you would never put

0:39:34.040 --> 0:39:36.640
<v Speaker 1>a toy in a kid's hand that could explode in

0:39:36.680 --> 0:39:40.160
<v Speaker 1>their face. And essentially, Facebook and social platforms have been

0:39:40.200 --> 0:39:45.200
<v Speaker 1>allowed to take data and use that in an unintended

0:39:45.320 --> 0:39:48.400
<v Speaker 1>harmful way. I would like to see some self regulation

0:39:48.440 --> 0:39:51.640
<v Speaker 1>occur first before the government would step in. And if

0:39:51.680 --> 0:39:53.960
<v Speaker 1>they can't, then I really do feel the government needs

0:39:53.960 --> 0:39:57.799
<v Speaker 1>to decide once and for all that for social platforms, right,

0:39:57.880 --> 0:40:00.759
<v Speaker 1>there is a way to operate and behave that is

0:40:01.040 --> 0:40:05.160
<v Speaker 1>mandated by law. Yeah, they are media platforms. They are.

0:40:06.160 --> 0:40:09.200
<v Speaker 1>They've been arguing that that they're not for yet, but

0:40:09.280 --> 0:40:13.320
<v Speaker 1>that's exactly what they are. Yeah. I wish that Facebook

0:40:13.320 --> 0:40:15.760
<v Speaker 1>would come out and just say they are a media platform.

0:40:15.800 --> 0:40:19.240
<v Speaker 1>But unfortunately they don't have writers, they don't have editors,

0:40:19.719 --> 0:40:22.160
<v Speaker 1>and so they don't have that kind of code of

0:40:22.200 --> 0:40:26.240
<v Speaker 1>ethics that most media abide by, at least good trusted

0:40:26.280 --> 0:40:29.600
<v Speaker 1>media bye bye. Right, so users can say and do

0:40:29.640 --> 0:40:32.640
<v Speaker 1>whatever they want, and Facebook has completely washed their hands

0:40:32.640 --> 0:40:36.800
<v Speaker 1>of any any kind of obligation around editing what is

0:40:36.840 --> 0:40:39.320
<v Speaker 1>on the platform, or what kind of code of ethics

0:40:39.360 --> 0:40:41.840
<v Speaker 1>should be used on the platform. And it would be

0:40:41.840 --> 0:40:44.440
<v Speaker 1>great if they consider themselves a media brand, but a

0:40:44.560 --> 0:40:48.760
<v Speaker 1>media company. Sorry, but they simply don't. Rosemary, you talked

0:40:48.760 --> 0:40:52.800
<v Speaker 1>about this idea of a daily report that just reflects

0:40:52.840 --> 0:40:55.880
<v Speaker 1>back to you your usage, what you've been exposed to,

0:40:56.200 --> 0:41:01.319
<v Speaker 1>and why why would Facebook not do that today? Why

0:41:01.360 --> 0:41:03.920
<v Speaker 1>does that not exist? I think it would cost the

0:41:04.000 --> 0:41:06.160
<v Speaker 1>money and they would have to expose people to just

0:41:06.200 --> 0:41:08.440
<v Speaker 1>how much of the data they probably have on them.

0:41:08.480 --> 0:41:11.160
<v Speaker 1>To your point about not being a media company, Cameron,

0:41:11.200 --> 0:41:13.200
<v Speaker 1>I don't think they want to kind of feel like

0:41:13.200 --> 0:41:17.080
<v Speaker 1>they're stepping in between people and how they're communicating on

0:41:17.080 --> 0:41:20.279
<v Speaker 1>the platform. Although I think it's it's a moral obligation

0:41:20.560 --> 0:41:23.239
<v Speaker 1>for them to help people understand this is a new tool.

0:41:23.640 --> 0:41:26.440
<v Speaker 1>People would argue that people's brains are being rewired. I

0:41:26.480 --> 0:41:28.680
<v Speaker 1>think it is on them to help as they are

0:41:28.760 --> 0:41:32.279
<v Speaker 1>now understand what kind of consequences that they are that

0:41:32.360 --> 0:41:34.439
<v Speaker 1>people themselves get to see it. And I think also

0:41:34.520 --> 0:41:37.520
<v Speaker 1>if you make it more personal so that I personally

0:41:37.640 --> 0:41:41.080
<v Speaker 1>understand what I'm engaging with, I become much more intentful

0:41:41.480 --> 0:41:43.640
<v Speaker 1>about what I do moving forward, So I don't know,

0:41:43.680 --> 0:41:47.680
<v Speaker 1>perhaps they think you will slow down that engagement, yeah,

0:41:48.160 --> 0:41:50.680
<v Speaker 1>or expose things that they don't want exposed to know.

0:41:50.760 --> 0:41:54.160
<v Speaker 1>And you had a similar idea, The idea of a

0:41:54.280 --> 0:41:58.719
<v Speaker 1>drop down that allows me to choose the algorithms that

0:41:58.840 --> 0:42:03.640
<v Speaker 1>I want to maximize for diversity of thought or whatever

0:42:03.680 --> 0:42:06.319
<v Speaker 1>else that I actually want to be exposed to. I

0:42:06.360 --> 0:42:09.759
<v Speaker 1>think is awesome, Like why would they not do that?

0:42:10.400 --> 0:42:14.440
<v Speaker 1>If you combine Rosemary's idea with this idea of choice

0:42:14.440 --> 0:42:19.359
<v Speaker 1>and algorithmic transparency, if you gave users feedback about the

0:42:19.440 --> 0:42:22.239
<v Speaker 1>choices that they've been making, and then gave them those

0:42:22.320 --> 0:42:25.839
<v Speaker 1>choices as well as transparency around those choices, you might

0:42:25.920 --> 0:42:31.400
<v Speaker 1>see them making healthy choices rather than unhealthy choices. Basically,

0:42:31.440 --> 0:42:33.759
<v Speaker 1>you'd have a drop down menu of algorithm one, two,

0:42:33.800 --> 0:42:36.680
<v Speaker 1>and three, and then there would be sort of published

0:42:37.000 --> 0:42:42.719
<v Speaker 1>papers written by non Facebook employees, scientists, researchers, academics, experts

0:42:42.960 --> 0:42:46.799
<v Speaker 1>who were given access and reported back about what they

0:42:46.880 --> 0:42:50.439
<v Speaker 1>found from an objective standpoint about how each of these

0:42:50.480 --> 0:42:54.120
<v Speaker 1>algorithms behave. And this is part of the also the

0:42:54.160 --> 0:42:57.359
<v Speaker 1>movement around healthy eating, where you sort of you put

0:42:57.440 --> 0:43:00.520
<v Speaker 1>up a digital mirror in front of people that reflects

0:43:00.560 --> 0:43:03.560
<v Speaker 1>back their choices and behaviors to them, and then they

0:43:03.680 --> 0:43:07.200
<v Speaker 1>actually that is a quote unquote nudge as as Rosemary

0:43:07.280 --> 0:43:10.719
<v Speaker 1>was talking about to behave in more healthy ways to

0:43:10.840 --> 0:43:15.640
<v Speaker 1>create a more healthy communications ecosystem, I could envision a

0:43:16.000 --> 0:43:20.200
<v Speaker 1>hundred percent opt in model where maybe you don't even

0:43:20.239 --> 0:43:23.759
<v Speaker 1>need to see the algorithm, but just inform you know,

0:43:24.160 --> 0:43:28.799
<v Speaker 1>Facebook and advertisers what you're interested in and when you're

0:43:28.840 --> 0:43:33.400
<v Speaker 1>interested in it, and then have brands actually pay customers

0:43:33.480 --> 0:43:37.880
<v Speaker 1>for their data. Now that will cause Facebook money, but

0:43:38.440 --> 0:43:42.319
<v Speaker 1>the idea of control and incentive aligned with transparency I

0:43:42.360 --> 0:43:46.239
<v Speaker 1>think could be a game changer for Facebook, any platform,

0:43:46.320 --> 0:43:50.200
<v Speaker 1>and digital advertising as a whole. So I want to

0:43:50.360 --> 0:43:55.239
<v Speaker 1>um shift gears for a second and talk about what

0:43:55.400 --> 0:43:59.080
<v Speaker 1>happens if Facebook decides not to do any of this

0:43:59.360 --> 0:44:02.759
<v Speaker 1>and to continue need to proceed whistling past the graveyard

0:44:02.760 --> 0:44:06.920
<v Speaker 1>and pretending everything is fine. So if they refuse to

0:44:07.000 --> 0:44:09.919
<v Speaker 1>change the way they're operating today, what would we say

0:44:10.000 --> 0:44:13.040
<v Speaker 1>would be a better way of describing what Facebook is

0:44:13.120 --> 0:44:17.239
<v Speaker 1>truly up to today? So, Rosemary, if you were going

0:44:17.280 --> 0:44:20.759
<v Speaker 1>to rewrite Facebook's mission to align with the way that

0:44:20.800 --> 0:44:25.839
<v Speaker 1>they actually behave. Right now, what would you say? I mean?

0:44:25.880 --> 0:44:29.040
<v Speaker 1>I think I would just abbreviate it, so I said,

0:44:29.040 --> 0:44:32.280
<v Speaker 1>it's give people the power to build community and support

0:44:32.280 --> 0:44:36.799
<v Speaker 1>their own world view and damn everybody else. Right, that's

0:44:36.800 --> 0:44:39.200
<v Speaker 1>the mission that currently on. To capture and hold the

0:44:39.239 --> 0:44:43.040
<v Speaker 1>attention of the world in service of advertisers everywhere. Would

0:44:43.080 --> 0:44:47.120
<v Speaker 1>be another way to explain what they're doing, and maybe

0:44:47.120 --> 0:44:49.360
<v Speaker 1>a meaner way to put it would be to capture

0:44:49.360 --> 0:44:51.960
<v Speaker 1>and hold your attention to extract the maximum amount of

0:44:52.000 --> 0:44:55.040
<v Speaker 1>your personal data in service of any company, organization, or

0:44:55.080 --> 0:44:58.120
<v Speaker 1>individual who is able to pay us for it. It's

0:44:58.120 --> 0:45:00.480
<v Speaker 1>pretty accurate. Part of the reason why they came up

0:45:00.480 --> 0:45:04.719
<v Speaker 1>with this mission statement, I imagine it's because they realized

0:45:04.800 --> 0:45:07.840
<v Speaker 1>the unintended consequences of some of what they had they've built,

0:45:08.080 --> 0:45:10.960
<v Speaker 1>and decided they had to take a step back and

0:45:11.000 --> 0:45:14.560
<v Speaker 1>really think through what their responsibility was and what their

0:45:14.600 --> 0:45:17.040
<v Speaker 1>real intention was. So I think they did the work

0:45:17.040 --> 0:45:19.120
<v Speaker 1>of getting to this, they don't seem to have done

0:45:19.120 --> 0:45:21.279
<v Speaker 1>the work of actually making it real. Going back to

0:45:21.320 --> 0:45:24.080
<v Speaker 1>story doing excellent story one that we all want to

0:45:24.080 --> 0:45:26.839
<v Speaker 1>get behind. I think one of their employees, to Sin's point,

0:45:26.840 --> 0:45:29.200
<v Speaker 1>not to get behind. I think most of the users

0:45:29.200 --> 0:45:32.080
<v Speaker 1>on their platform want to get behind. Certainly, I think

0:45:32.080 --> 0:45:35.120
<v Speaker 1>the advertisers would like to get behind, but they have

0:45:35.239 --> 0:45:37.680
<v Speaker 1>not put in the energy and the effort to really

0:45:37.719 --> 0:45:40.239
<v Speaker 1>make it a reality. I think Mark Zupperberg, when he

0:45:40.239 --> 0:45:43.400
<v Speaker 1>sets his mind to something, can do pretty much anything.

0:45:43.840 --> 0:45:47.320
<v Speaker 1>He's got brilliant people surrounded by actually some lovely people

0:45:47.480 --> 0:45:51.480
<v Speaker 1>that work for him. So what is stopping them actually

0:45:51.920 --> 0:45:55.719
<v Speaker 1>taking this very powerful and compelling mission and putting it

0:45:55.760 --> 0:45:58.480
<v Speaker 1>to work. That's the question. I don't I'm kind of confused,

0:45:58.560 --> 0:46:00.839
<v Speaker 1>and I don't think it's just economy. They've got a

0:46:00.840 --> 0:46:03.719
<v Speaker 1>ton of money. I think this notion of connecting the

0:46:03.719 --> 0:46:06.960
<v Speaker 1>world is aspirational, and I agree they are just not

0:46:07.680 --> 0:46:11.680
<v Speaker 1>aspiring hard enough to get there. I also don't really

0:46:11.880 --> 0:46:15.120
<v Speaker 1>understand what prevents them, because I think that they could

0:46:15.160 --> 0:46:22.160
<v Speaker 1>be enormously financially successful and still truly aspire to achieve

0:46:22.280 --> 0:46:24.759
<v Speaker 1>that mission. I've heard you talk about this, and non

0:46:25.040 --> 0:46:28.680
<v Speaker 1>they're so focused on the likes and the shares that

0:46:28.719 --> 0:46:32.440
<v Speaker 1>then obviously are what they monetize, both in the social

0:46:32.480 --> 0:46:36.320
<v Speaker 1>sense and in the advertising sense, that everything in the

0:46:36.440 --> 0:46:40.080
<v Speaker 1>organization points not to the mission but to those metrics.

0:46:40.400 --> 0:46:43.440
<v Speaker 1>And so the mission doesn't stand higher than the metrics.

0:46:43.480 --> 0:46:45.440
<v Speaker 1>But if they really took a hard look at the

0:46:45.480 --> 0:46:50.040
<v Speaker 1>business and said we could diversify and offer pretty unique

0:46:50.880 --> 0:46:54.920
<v Speaker 1>features and products to certain segments, then I think they

0:46:54.960 --> 0:46:57.919
<v Speaker 1>could start to think about themselves a bit differently than

0:46:58.160 --> 0:47:02.640
<v Speaker 1>just focusing on those two metric extent drive advertising. I

0:47:02.640 --> 0:47:05.120
<v Speaker 1>think that's a really really good point. It brings up

0:47:05.160 --> 0:47:07.520
<v Speaker 1>a pet peeve of mine. I gotta say, which is

0:47:08.080 --> 0:47:12.799
<v Speaker 1>just the metaphorical concept of the like button? Okay, the

0:47:12.920 --> 0:47:16.959
<v Speaker 1>like button? What is the like button? It says what

0:47:17.080 --> 0:47:22.960
<v Speaker 1>we prioritize most is popularity. The more people like something,

0:47:23.040 --> 0:47:25.759
<v Speaker 1>the more valuable it is on our platform. And I've

0:47:25.760 --> 0:47:31.200
<v Speaker 1>always thought about that like button because it's so arbitrary, arbitrary.

0:47:31.280 --> 0:47:35.360
<v Speaker 1>So let me give you a different hypothetical reality. What

0:47:35.440 --> 0:47:39.120
<v Speaker 1>if there was a a knowledge button, or a truth button,

0:47:39.400 --> 0:47:43.400
<v Speaker 1>or a this taught me something button, or a wellness button.

0:47:43.960 --> 0:47:48.719
<v Speaker 1>So right now, we're all incentivized to be as popular

0:47:48.800 --> 0:47:52.279
<v Speaker 1>as we possibly can to get the most likes. What

0:47:52.360 --> 0:47:55.319
<v Speaker 1>if we got the most truths or the most he

0:47:55.480 --> 0:47:59.319
<v Speaker 1>taught me some things? Would we then be incentivized to

0:47:59.560 --> 0:48:02.799
<v Speaker 1>teach people things and to bring truth to the discussion

0:48:02.920 --> 0:48:06.080
<v Speaker 1>and to encourage wellness. And if that was the case,

0:48:06.239 --> 0:48:10.400
<v Speaker 1>then could we make the mission and the metrics match

0:48:10.920 --> 0:48:16.560
<v Speaker 1>by designing the platforms to have metrics that match the mission.

0:48:17.000 --> 0:48:18.839
<v Speaker 1>I love that and I think that would really help

0:48:18.880 --> 0:48:23.040
<v Speaker 1>with true community buildings, really bringing people together. That's awesome.

0:48:23.160 --> 0:48:25.719
<v Speaker 1>The number one thing that I wrote down in terms

0:48:25.800 --> 0:48:31.400
<v Speaker 1>of what Facebook could do to change their behavior entirely

0:48:31.520 --> 0:48:34.360
<v Speaker 1>and people's behavior has removed the like button, but I

0:48:34.440 --> 0:48:37.400
<v Speaker 1>didn't have an answer for what would replace the like button.

0:48:37.760 --> 0:48:41.760
<v Speaker 1>And I think a series of diagnostics based on truth

0:48:42.320 --> 0:48:47.040
<v Speaker 1>and real opinion would open it up into a whole

0:48:47.080 --> 0:48:50.480
<v Speaker 1>new stratosphere in terms of understanding what people really feel

0:48:50.480 --> 0:48:57.640
<v Speaker 1>and think. That's actually a useful tool. Okay, folks solved it.

0:48:57.719 --> 0:48:59.239
<v Speaker 1>Does that mean you're not going to find any time

0:48:59.360 --> 0:49:01.960
<v Speaker 1>you get to keep your job to rose, which you

0:49:02.000 --> 0:49:08.919
<v Speaker 1>know was unexpected outcome, but I'll go with it. Thank you, everybody.

0:49:15.719 --> 0:49:18.400
<v Speaker 1>I'd like to end the show today by giving Facebook

0:49:18.480 --> 0:49:22.960
<v Speaker 1>an official BS score. On this show, BS exists on

0:49:23.000 --> 0:49:26.400
<v Speaker 1>a scale from zero to one hundred, zero being the

0:49:26.480 --> 0:49:30.960
<v Speaker 1>best zero bullshit and a hundred being the worst total BS.

0:49:31.760 --> 0:49:34.560
<v Speaker 1>It's pretty obvious that Facebook isn't living up to their

0:49:34.600 --> 0:49:37.399
<v Speaker 1>mission of giving people the power to build community and

0:49:37.480 --> 0:49:40.960
<v Speaker 1>bringing the world closer together. So I'm giving them a

0:49:41.040 --> 0:49:46.879
<v Speaker 1>BS score of seventy two. That's pretty high. If you disagree,

0:49:47.239 --> 0:49:51.560
<v Speaker 1>visit our website Calling Bullshit Podcast dot com to weigh

0:49:51.560 --> 0:49:54.840
<v Speaker 1>in with your own score. We'll also track their behavior

0:49:54.920 --> 0:49:57.520
<v Speaker 1>over time to see if they can bring that score down.

0:49:58.440 --> 0:50:01.080
<v Speaker 1>You'll also be able to see where Facebook ranks on

0:50:01.160 --> 0:50:04.680
<v Speaker 1>BS compared to other companies we feature on this show.

0:50:05.520 --> 0:50:08.200
<v Speaker 1>And if you're running a purpose led business or you're

0:50:08.280 --> 0:50:11.920
<v Speaker 1>thinking of beginning the journey of transformation to become one,

0:50:12.400 --> 0:50:17.239
<v Speaker 1>here are three things you should take away from this episode. One,

0:50:17.880 --> 0:50:21.200
<v Speaker 1>Because young consumers are demanding it, there's a lot of

0:50:21.239 --> 0:50:24.720
<v Speaker 1>pressure today on business leaders to declare the positive purpose

0:50:24.840 --> 0:50:28.759
<v Speaker 1>that they're pursuing. But your purpose isn't something you use

0:50:28.880 --> 0:50:31.560
<v Speaker 1>for a press release and then stick it in a drawer.

0:50:32.320 --> 0:50:36.279
<v Speaker 1>In Facebook's case, bringing the world closer together is a

0:50:36.360 --> 0:50:39.440
<v Speaker 1>great purpose. March just needs to prove that he really

0:50:39.560 --> 0:50:42.960
<v Speaker 1>means it, which brings us to take away number two.

0:50:43.680 --> 0:50:47.000
<v Speaker 1>Once you've aligned on your purpose, it's all about action.

0:50:47.760 --> 0:50:50.600
<v Speaker 1>You've talked today about a number of actions Facebook could take,

0:50:51.120 --> 0:50:54.160
<v Speaker 1>actions like giving people a daily report on what content

0:50:54.239 --> 0:50:58.040
<v Speaker 1>they've been exposed to by the algorithm and why, or

0:50:58.080 --> 0:51:01.759
<v Speaker 1>giving people choice drop down menu that allows you to

0:51:01.840 --> 0:51:04.319
<v Speaker 1>choose the kind of content you want to see so

0:51:04.360 --> 0:51:08.920
<v Speaker 1>you can tune the platform to your interests. The actions

0:51:09.000 --> 0:51:12.960
<v Speaker 1>for your company will undoubtedly be different. The point is

0:51:13.480 --> 0:51:17.640
<v Speaker 1>action is a vital part of being purpose led, and three,

0:51:18.040 --> 0:51:23.680
<v Speaker 1>transparency is key. No company is perfect, that's okay. A

0:51:23.800 --> 0:51:26.640
<v Speaker 1>good purpose should articulate a vision that the company has

0:51:26.680 --> 0:51:30.879
<v Speaker 1>to work toward over time. As a leader, you need

0:51:30.920 --> 0:51:34.440
<v Speaker 1>to be honest about where you're succeeding and where you're failing.

0:51:35.200 --> 0:51:40.040
<v Speaker 1>That builds trust. In Facebook's case, their leadership needs to

0:51:40.120 --> 0:51:43.000
<v Speaker 1>do a much better job of letting us know what

0:51:43.040 --> 0:51:48.080
<v Speaker 1>they're really committed to doing to change the platform. Speaking

0:51:48.160 --> 0:51:51.680
<v Speaker 1>of which, Mark Zuckerberg, if you ever want to come

0:51:51.680 --> 0:51:54.279
<v Speaker 1>on our show to discuss any of these ideas or

0:51:54.320 --> 0:52:07.040
<v Speaker 1>any other aspects of today's episode, you have an open invitation. Okay,

0:52:07.080 --> 0:52:13.160
<v Speaker 1>So that was our original ending back in August, but Facebook,

0:52:13.239 --> 0:52:16.720
<v Speaker 1>true to form, kept right on moving fast and breaking things,

0:52:17.080 --> 0:52:21.560
<v Speaker 1>which put them right back in the news. Facebook whistle blow.

0:52:21.600 --> 0:52:23.200
<v Speaker 1>I don't know the thing. I saw Facebook over and

0:52:23.239 --> 0:52:26.680
<v Speaker 1>over again was there were conflicts of interest between what

0:52:26.800 --> 0:52:28.640
<v Speaker 1>was good for the public and what was good for

0:52:28.640 --> 0:52:31.919
<v Speaker 1>face Ablations from a former Facebook executive about Facebook has

0:52:32.160 --> 0:52:35.960
<v Speaker 1>known for years that Instagram is toxling. Way we can

0:52:36.040 --> 0:52:39.080
<v Speaker 1>move forward and healed, Facebook, as we first sept in

0:52:39.160 --> 0:52:42.959
<v Speaker 1>the social media giant, knew it's absolutely the way we'll

0:52:43.000 --> 0:52:45.960
<v Speaker 1>have reconciliation and we can move forward is by first

0:52:45.960 --> 0:52:51.800
<v Speaker 1>being honest and declaring world bankruptcy, whistleblower allegations, lawsuits, Wall

0:52:51.800 --> 0:52:55.000
<v Speaker 1>Street Journal revelations, and right in the middle of all

0:52:55.040 --> 0:52:59.520
<v Speaker 1>of that the name changed to Meta. The bs definitely

0:52:59.600 --> 0:53:02.800
<v Speaker 1>got deeper, and we decided we had to keep digging.

0:53:03.280 --> 0:53:06.120
<v Speaker 1>So please join me for episode two, where I speak

0:53:06.120 --> 0:53:09.920
<v Speaker 1>with Ramas Screeny Vasan, an engineer working in the place

0:53:09.960 --> 0:53:14.759
<v Speaker 1>where technology and humanity intersect. We'll give Facebook a new

0:53:14.880 --> 0:53:18.800
<v Speaker 1>score and as ever, try to find a few more

0:53:18.880 --> 0:53:23.120
<v Speaker 1>candles to light. I'm sure there's a candle in here somewhere.

0:53:30.200 --> 0:53:35.160
<v Speaker 1>Thanks to our guest today, Sinana Roll, Lucy Green, Cameron Nascar,

0:53:35.560 --> 0:53:39.279
<v Speaker 1>and Rosemary Ryan. You can find all of them ironically

0:53:39.440 --> 0:53:43.000
<v Speaker 1>on social media. We've got all their handles on our website,

0:53:43.360 --> 0:53:47.480
<v Speaker 1>Calling Bullshit podcast dot com. If you have ideas for

0:53:47.560 --> 0:53:51.440
<v Speaker 1>companies or organizations we should consider for future episodes. You

0:53:51.480 --> 0:53:54.200
<v Speaker 1>can submit them on the site too, and check out

0:53:54.200 --> 0:53:58.040
<v Speaker 1>San's book The Hype Machine, How social media disrupts our elections,

0:53:58.040 --> 0:54:01.200
<v Speaker 1>our economy, and our health and how we must adapt,

0:54:01.719 --> 0:54:05.440
<v Speaker 1>and Lucy's book Silicon States, the power and politics of

0:54:05.520 --> 0:54:08.800
<v Speaker 1>big Tech and what it means for our future. If

0:54:08.840 --> 0:54:12.319
<v Speaker 1>this discussion hit the made Me Think button for you,

0:54:12.680 --> 0:54:16.000
<v Speaker 1>subscribe to the Calling Bullshit podcast on the I Heart

0:54:16.080 --> 0:54:20.359
<v Speaker 1>Radio app, Apple Podcasts, or wherever you get your podcasts.

0:54:22.320 --> 0:54:27.560
<v Speaker 1>Thanks to our production team Susie Armitage, Hannah Beal, Amanda Ginsburg,

0:54:27.960 --> 0:54:33.200
<v Speaker 1>Andy Kim, d s Moss, Mikaela Reid, Lena Beck, Cilisen,

0:54:33.800 --> 0:54:39.879
<v Speaker 1>Jess Benton, and Basil Soaper. Calling Bullshit was created by

0:54:40.000 --> 0:54:43.920
<v Speaker 1>co Collective and is hosted by Me Time Onto You.

0:54:44.840 --> 0:54:45.720
<v Speaker 1>Thanks for listening,