TIME

HOW TO FIX SOCIAL MEDIA BEFORE IT’S TOO LATE

AN EARLY INVESTOR ON HOW FACEBOOK LOST ITS WAY
Facebook CEO Zuckerberg testified to the Senate in Washington, D.C., on April 10, 2018

I am really sad about Facebook.

I got involved with the company more than a decade ago and have taken great pride and joy in the company’s success . . . until the past few months. Now I am disappointed. I am embarrassed. I am ashamed. With more than 1.7 billion members, Facebook is among the most influential businesses in the world. Whether they like it or not—whether Facebook is a technology company or a media company—the company has a huge impact on politics and social welfare. Every decision that management makes can matter to the lives of real people. Management is responsible for every action. Just as they get credit for every success, they need to be held accountable for failures. Recently, Facebook has done some things that are truly horrible, and I can no longer excuse its behavior.

NINE DAYS BEFORE THE NOVEMBER 2016 ELECTION, I SENT the email above to Facebook founder Mark Zuckerberg and chief operating officer Sheryl Sandberg. It was the text for an op-ed I was planning to publish about problems I was seeing on Facebook. Earlier in the year, I noticed a surge of disturbing images, shared by friends, that originated on Facebook Groups ostensibly associated with the Bernie Sanders campaign, but it was impossible to imagine they came from his campaign. I wanted to share with Sandberg and Zuckerberg my fear that bad actors were exploiting Facebook’s architecture and business model to inflict harm on innocent people.

I am a longtime tech investor and evangelist. Tech has been my career and my passion. I had been an early adviser to Zuckerberg—Zuck, to many colleagues and friends—and an early investor in Facebook. I had been a true believer for a decade. My early meetings with Zuck almost always occurred in his office, generally just the two of us, so I had an incomplete picture of the man, but he

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