On TED, Scott Galloway explains how big internet companies got to where they are now and what their real goal is, but that ultimately it is our fault as the users for letting this happen. Disturbing but unsurprising that shareholde value is what is prized the most in our society..
Their defense: "Facebook is not a media company; it's a technology company." You create original content, you pay sports leagues to give you original content, you run advertising against it -- boom! -- you're a media company. Just in the last few days, Sheryl Sandberg has repeated this lie, that "We are not a media company." Facebook has openly embraced the margins of celebrity and the influence of a media company yet seems to be allergic to the responsibilities of a media company. Imagine McDonald's. We find 80 percent of their beef is fake, and it's giving us encephalitis, and we're making terrible decisions. And we say, "McDonald's, we're pissed off!" And they say, "Wait, wait -- we're not a fast-food restaurant, we're a fast-food platform."
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