Sean Parker Net Worth: How Rich Is Facebook's Founding President?

Janie Parker
November 12, 2017

The tech investor, also a co-founder of Napster and, perhaps most recognizably, the guy played by Justin Timberlake in "The Social Network", said Facebook was created to exploit the way people fundamentally think and behave. "God only knows what it's doing to our children's brains", he said.

Sean Parker, the billionaire early Facebook investor and Napster founder, says Mark Zuckerberg knowingly created a monster with addictive social media. Parker admits that he and Zuckerberg "understood this consciously" - meaning that they realized they were taking advantage of individuals' inherent need for approval from others, "and we did it anyway". Parker saw the site's potential and was, according to Zuckerberg, "pivotal in helping Facebook transform from a college project into a real company".

Facebook has been attacked by one of its founding members for "exploiting a vulnerability in human psychology" and putting children's mental health at risk.

To get there, Parker notes that they needed to give users "a little dopamine hit every once in a while" in the form of a Like.

Parker said that he never anticipated the consequences of what would happen when Facebook grew to have two billion monthly users.

Parker said that he now sees himself as "something of a conscientious objector" to social media, despite the fact that he owes most of his massive $2.4 billion fortune to his involvement with Facebook.

He added that he, as well as Mark Zuckerberg, Facebook CEO, were well aware of the results that would be produced as a result of the constant social validation.

Twitter to Suspend Verified-Profile Program After White Nationalist Backlash
It started off as a way for people to differentiate between real accounts and hoax accounts; it was simply identity verification. In its literature, Twitter clearly states: "A verified badge does not imply an endorsement by Twitter ".

Facebook reaches 2 billion people each month.

"Social media addiction is thought to affect around 5 percent of young people, with social media being described as more addictive than cigarettes and alcohol", the study stated.

Now the founder and chair of the Parker Institute for Cancer Immunotherapy, Parker recently put $250 million of his money behind cancer research, making him the largest donor ever to immunotherapy treatment research.

"It literally changes your relationship with society, with each other", he said in an interview published Wednesday night by Axios.

"It's a social-validation feedback loop ... exactly the kind of thing that a hacker like myself would come up with, because you're exploiting a vulnerability in human psychology", Parker said.

Do Parker's comments make you more concerned about your own social media use? .

Other reports by TheDailyFarc

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