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

The value of financial advice
Opinion

David Chaplin: The value of financial advice

Countries that banned product commissions have backtracked a little in recent years.

David Chaplin 14 Oct 2025
When the Hopium wears off
Opinion

Dileepa Fonseka: When the Hopium wears off

Whatever happened to all those green shoots?

Dileepa Fonseka 13 Oct 2025