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

Stocks and bonds have history on their side
Opinion

David Chaplin: Stocks and bonds have history on their side

Stock returns remain better value than bond yields. 

Air NZ's new boss is making the right start
Opinion

David Mackenzie: Air NZ's new boss is making the right start

The new CEO shows he understands the issues facing the national carrier.

What soft housing demand signals for NZ’s economy
Opinion

Cameron Bagrie: What soft housing demand signals for NZ’s economy

The country’s population slowdown has left housing supply outpacing demand.

Cameron Bagrie 10 Nov 2025
War on the Nasdaq
Opinion

Simon Robertson: War on the Nasdaq

Who wins as Michael Burry declares war on AI?

Simon Robertson 08 Nov 2025