Investor Chamath Palihapitiya made part of his fortune at Facebook, where he was a vice president for more than four years, leaving roughly one year before the company’s 2012 IPO.
Though he has voiced concerns numerous times since about his former employer, he also believes it has played an active role in enabling users to report and disseminate important information. For example, he suggests it was smart phones and social media that has made so many Americans aware of the George Floyd tragedy and enabled citizens in the U.S. and at least 12 other countries to organize protests against racism. Without these platforms, he suggests, we might even be engaged in a traditional civil war in this country.
That doesn’t mean Facebook or others of its gigantic peers are any more immune to be regulated than they might have been before COVID-19 struck, however — not in his view. As