Talking Politics Guide to ... Facebook
TALKING POLITICS
Catherine Carr
4.7 • 2.5K Ratings
🗓️ 27 December 2018
⏱️ 30 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
How did Facebook get to be so powerful and what, if anything, can we do to take some of that power back? David talks to John Naughton about the rise and possible fall of Mark Zuckerberg’s social media monolith.
Talking Points:
Facebook is a data extraction company claiming to be a social network.
- If the service is free, your data is the product.
- Advertisers, not users, are Facebook’s real customers.
- How do we reconcile this reality with the fact that people value it as a public service?
In some parts of the world, Facebook has become the internet.
- People who wouldn’t be able to afford data charges can access the internet for free via the Facebook app.
- If you are a monopoly platform for information, what kind of responsibility do you have?
2018 has been a tough year for Facebook, but is it really vulnerable?
- Investigative reporting has revealed the darker side of the social network.
- So far, they’ve been pretty inept at handling these scandals.
- This is creating a morale problem, which could affect their ability to recruit.
- But the company’s services have inserted themselves into people’s daily lives.
- We don’t have the right analytical framework for analyzing how Facebook does harm.
Facebook has become the corporate extension of Mark Zuckerberg’s personality.
- He has absolute control, and this means that his vision dominates.
- Zuckerberg appears to believe that the world would be better if everyone were on Facebook.
- For Facebook, it’s all about growth. What if they embraced a more self-limiting strategy?
- A massive revolt by a significant portion of people might shift the narrative and cause investor panic.
- But it’s unlikely that Facebook will be out-competed. The barrier to entry has become too high.
Mentioned in this Episode:
- Carole Cadwalladr’s groundbreaking reporting on Cambridge Analytica
- The New York Times’ investigation into how Facebook handled revelations about Russian interference in the 2016 election
- How Facebook enabled a genocide in Myanmar
Further Learning:
- From Gutenberg to Zuckerberg, John’s book about the internet.
- The New Yorker’s Evan Osnos profiles Mark Zuckerberg.
- From our archive... David unpacks the Cambridge Analytica story with John and Jennifer Cobbe.
- Shoshana Zuboff’s new book on the age of surveillance capitalism.
- The U.S. Senate’s report on disinformation and Russian interference.
And as ever, recommended reading curated by our friends at the LRB can be found here: lrb.co.uk/talking
Set your alarms… for Sunday, when David talks to Ella McPherson about...
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello my name is David Runtzman and this is Talking Politics. Today we have a guide with |
| 0:13.1 | John Norton and he is going to be telling us about Facebook what kind of company it is |
| 0:18.8 | and why we should be afraid of it. |
| 0:28.5 | Talking Politics is brought to you in partnership with the London Reviewer Books. This Christmas |
| 0:34.0 | gifts subscriptions to the LRB for yourself or somebody else. Start from just 1999. Find |
| 0:41.3 | our best offers and a reading list to a company today's episode at lrb.co.uk forward |
| 0:48.0 | slash talking. |
| 0:54.1 | I imagine most people know the background story to the birth of Facebook. They've probably |
| 0:59.0 | seen the social network. This guy in Harvard almost by accident creates something which |
| 1:04.7 | very quickly grows. But when it was growing initially and growing very fast, do you have |
| 1:11.1 | a sense of what Mark Zuckerberg and the people around him thought was the business model? |
| 1:14.8 | What kind of a business did they think they were building to start with? |
| 1:18.0 | My hunch is that like many of the other modern tech firms, the founder in this case didn't |
| 1:25.8 | really have an idea of what the business model would be. That was certainly true for Google. |
| 1:30.5 | For example when they started they had no idea how in the end it was going to make money. |
| 1:36.3 | And Zuckerberg was much the same at the beginning I think. And it was relatively late in its evolution |
| 1:44.8 | when it was made clear to him possibly by outside investors like Peter Teal that it had |
| 1:52.4 | a revenue stream and the only revenue stream in businesses comes from advertising. What's |
| 1:57.4 | interesting both in the Facebook case and in the case of Google is that that revelation |
| 2:03.5 | so to speak was on welcome to the founders. |
| 2:07.1 | They didn't want to be told you're basically in the advertising business. They thought they |
| 2:10.2 | were in the change to the world business. Yes that's true. And in the case of Facebook |
... |
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