Big Technology Podcast Meta's Stock Decline, TikTok's Power, and Funding Transparency — With Frances Haugen
Oct 3, 2022
Frances Haugen, a former Facebook employee and founder of the non-profit Beyond the Screen, discusses the fallout from her leaked documents revealing internal practices that affected public trust and Meta's stock. She contrasts Facebook's decline with TikTok's rise, emphasizing the impact of user behavior and data privacy. Haugen advocates for transparency and ethical practices in social media, while also sharing personal insights on health changes from moving to Puerto Rico. It's a lively conversation packed with nuance and laughter!
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Meta's Stock Decline
- Meta's stock has declined 59% since Frances Haugen's revelations.
- Haugen claims her intention was to help Facebook, not harm its stock price.
TikTok's Rise
- TikTok's success is partly due to Facebook's inability to operate in China.
- China's focus on non-political content, like dance and comedy, contributes to TikTok's positive user experience.
Passive Scrolling Paradox
- Facebook's internal research indicates that passive scrolling makes people feel worse.
- TikTok, however, seems to create a positive experience despite passive scrolling.