FT News Briefing

Peak social media: Building better platforms

Aug 5, 2023
The discussion explores the evolution of social media and the yearning for more meaningful connections. Nostalgia for early Bulletin Board Systems reveals a desire for intimacy over today's impersonal platforms. Experts advocate for smaller, interest-based networks to foster community engagement. The role of moderators on platforms like Reddit highlights the challenge of maintaining quality discourse. A venture capitalist examines the stagnation in innovation since Friendster and suggests that the future lies in community-driven alternatives with a focus on authentic interactions.
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ANECDOTE

BBS Era

  • Benj Edwards first went online using a BBS in the early 1990s.
  • These BBSs fostered local communities with shared interests, unlike today's global platforms.
INSIGHT

Peak Social Media?

  • Social media platforms today may be doing more harm than good.
  • We should strive to combine the positive aspects of social media with solutions to its drawbacks.
INSIGHT

Social Media's Inevitability

  • Humans are inherently social and will always use technology to connect.
  • The question isn't if we'll have social media, but how it will evolve.
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