Sean Parker on Facebook: We created a monster

First Facebook president says it is designed to psychologically exploit people and Zuckerberg knows

First Facebook president says it is designed to psychologically exploit people and Zuckerberg knows

Facebook's first president Sean Parker leveled criticism at the social network he once headed, saying how the network was created to be addictive and is concerned about its effect on children.

Parker said that he now sees himself as "something of a conscientious objector" to social media, despite the fact that he owes most of his massive $2.4 billion fortune to his involvement with Facebook.

"It literally changes your relationship with society, with each other". God only knows what it's doing to our children's brains ...

Parker also said the thought process that went into building Facebook was about trying to figure out how to consume as much of a user's time and conscious attention as possible.

That vulnerability and dopamine hit in turn motivates people to post more often, which generates more page views for Facebook and, therefore, more ad revenue.

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"And I just think the inventors, the creators - it's me, it's Mark, it's Kevin Systrom (the inventor of Instagram) - all these people understood this consciously and we did it anyway".

Although Facebook is a social networking site, it also has vast impact as an advertising platform and news distributor, reaching 2 billion people each month.

If you've followed Facebook closely from the beginning (or have watched The Social Network), you'll be familiar with the role Sean Parker played in the creation of the company.

In an interview with Axios' Mike Allen, Parker, who was portrayed in the movie "The Social Network" by Justin Timberlake, said social networks have the power now to alter society and not for the better.

Parker, who is now founder and chair of the Parker Institute for Cancer Immunotherapy, explained that Facebook uses likes and shares to create a "social-validation feedback loop" that keeps users coming back.

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A rash of recent studies have found Facebook and other social media impact humans in a myriad of ways, including sexual infidelity, obesity and behaviorial issues, physical intimacy, and even athletic performance.

Parker has more recently invested in a cancer research center.

Parker said he would tell early holdouts to the platform that "we'll get you eventually".

With all of these highly-revealing comments now available to the public, he joked that Zuckerberg will probably suspend his Facebook account.

And he sounds a little remorseful about some of the choices made in Facebook's early years.

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