Facebook's techno-capitalism will also destroy it

Facebook's techno-capitalism will also destroy it
Peter Thiel, the billionaire co-founder of PayPal and New Zealand citizen. (Image: Getty)
Peter Griffin
Facebook is weathering its worst crisis since the Cambridge Analytica scandal as whistleblower Frances Haugen continues to detail how the social media giant repeatedly put profit before the wellbeing of its users.The revelations from thousands of leaked company documents included in the Facebook Papers only bolster the case that the Federal Trade Commission (FTC) mounted against Facebook last year and seeks to reduce its monopoly power by carving off Instagram and WhatsApp.So, at this late stage, are we finally starting to hear conciliatory ton...

More Opinion

Red tape? More scissors, less string please
Opinion

Deb Te Kawa: Red tape? More scissors, less string please

We need a complete rethink of how we approach regulation in Aotearoa New Zealand.

Is advertising ready for the giant babushka?
Opinion

Kelly Bennett: Is advertising ready for the giant babushka?

Advertising was built on mergers but has not seen anything like IPG and Omnicom joining.

Microsoft’s shiny new NZ datacentre
Opinion

Peter Griffin: Microsoft’s shiny new NZ datacentre

NZ is a sort of experiment demonstrating the role of high-capacity infrastructure.

Peter Griffin 12 Dec 2024
Token-ology: the next thing
Opinion

David Chaplin: Token-ology: the next thing

Despite promising developments, fund tokenisation remains in an experimental phase.

David Chaplin 11 Dec 2024