Former Facebook exec: I didn’t mean social networking is all bad

During a recent talk at Stanford, Chamath Palihapitiya, the early Facebook executive who now runs venture capital firm Social Capital, spoke of the dangers of social networks—such as their ability to efficiently spread false information—and said that he felt “tremendous guilt” for his role in the medium’s rise. Facebook took his comments personally enough that …

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During a recent talk at Stanford, Chamath Palihapitiya, the early Facebook executive who now runs venture capital firm Social Capital, spoke of the dangers of social networks—such as their ability to efficiently spread false information—and said that he felt “tremendous guilt” for his role in the medium’s rise. Facebook took his comments personally enough that it issued a statement pointing out that he left the company more than six years ago.

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