whistleblower testify before congress, and that s another thing, the whistleblower. we have had them before. remember cambridge analytica. a few months after this guy, pew research found that 44% of young users deleted facebook from their phones. legislation, good. building trust, better. and the two go hand in hand. companies, whether they re the giants or new competitors, they have the tools to design platforms where kids can be safe. even though it s a new world and it s a new technology, the old rules still apply. it is possible to do well and still to do good. my next guest knows this reality. he was one of the earliest investors in facebook. he s also the author of zucked, roger mcncnamee. i have to tell you what i thought of your opening.
investors in facebook. he s also the author of zucked, roger mcnamee. i have to tell you what i thought of your opening. don t insult me. i m at a low. i m really sorry, but that was absolutely extraordinary. the thing here is, you got to the essential issues. so the thing with zuckerberg s post tonight is that it follows a classic facebook formula, which it uses rhetorical questions to try to undermine an argument against facebook, where the rhetorical questions are either deflections or just plain inaccurate. for example, one of the core ones in there, facebook said, oh, we couldn t possibly be doing what the whistleblower accuses us of because advertisers would not want to see their ads next to
it shows that the facebook business model has been very profitable for investors. the boss owns 14% or so of the company s shares, so monday s sell-off costs mark zuckerberg billions, he lost more than $6 billion as facebook stock tanked. zuckerberg slipped down bloomberg s billionaires index, he s number five on the list, with net worth of just 121 billion that puts him behind bill gates, john. just. just. christine romans, thank you very much. all right, let s talk now with roger macnamee, the author of zucked: waking up to the facebook catastrophe. thank you so much for being with us, roger. first things first here, what do you think is most significant about what this whistle-blower is revealing? so, brianna, frances haugen is so courageous, so authoritative, and so utterly
i m not saying you have to sensor. i m not saying you ruin the first amendment but the rest of the media figures out how to do it. why not you? our next guest would know. he was an early investor in facebook and the author of zucked. pleasure to be here. two quick things and i d like to pressure you on television to come back because this is a much longer conversation than one segment. so two quick things. give me your quick take on the reality of what they know about the susceptibility of kids to social media and what they re trying to do to make money. the problem is products like facebook and instagram gather data about us not just on their platforms but everywhere. our location from cell phones, our medical tests and prescriptions, credit cards, app use, web browsing, everything and with kids, it starts in third or fourth grade with
directly from an expert like you. robert mcnamee is an adviser of stop hate for profit and the author of zucked, waking up to the facebook catastrophe. rikers island has been a source of controversy for years after a spate of new deaths. activists are once again calling for its closure. we ll be right back. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should ve just led with that. with at&t business, you can pick the best plan for each employee and get the best deals on every smartphone. at usaa, we ve been called too exclusive. because we were created for officers. but as we ve evolved with the military, we ve grown to serve all who ve honorably served.