FT Tech Tonic

Peak social media: Building better platforms

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Jul 25, 2023
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ANECDOTE

Early Online Community Experience

  • Benj Edwards started using the internet as a child in the early 1990s via BBS systems.
  • He found these local online boards magical and formed lasting friendships through them.
INSIGHT

Flaws in Today's Social Media

  • Social media exploits human sociability but currently incentivizes extreme and divisive content.
  • Platforms are too large and try to enforce uniform rules globally, worsening conflicts.
ADVICE

Local Networks as Public Goods

  • Build local or interest-based social networks as public goods.
  • These spaces should prioritize community governance over surveillance capitalism.
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