I love and hate Facebook. I love it because I have used it for years to keep in touch with my family and oldest friends—many of whom I hadn’t heard from much before we all became FB friends. By facilitating instant two-way communications, Facebook became and remains the Internet’s killer app. I hate Facebook because, having studied it closely for years, I do believe that it is literally deadly.
For this week’s newsletter, Jonathan Vankin looks at the lawsuit that California Attorney General Rob Bonta and AGs across the country have filed against Facebook’s and Instagram’s parent company, Meta. The lawsuits allege that Meta exhibited a pattern of behavior in which it purposely caused children to become addicted to its products. (Duh.) The lawsuits describe various profound harms being experienced by our kids, and alleges that Meta’s own documents show that its executives knew that children were getting hurt, and continued these practices anyway.
Scott Galloway, NYU business school professor, offers a succinct analysis of the situation:
“I think when we look back on this era of big tech, we’re gonna feel bad about monopoly abuse … we’re going to feel bad about the weaponization of our elections, vaccine misinformation—we’re gonna regret all of it. And I think that’s all gonna be dwarfed by this one regret, and that’s “how the [expletive] did we let this happen to our children?”