"In his talk, Palihapitiya criticized not only Facebook, but Silicon Valley’s entire system of venture capital funding. He said that investors pump money into “shitty, useless, idiotic companies,” rather than addressing real problems like climate change and disease."
Amen brother. Nailed it.
I caught up with a friend the other day. He has a first class honours degree in Physics from Cambridge University. He went on to do a PhD in Quantum Mechanics. He is the smartest person I have ever met. He works for a company that trawls social media looking for "trends". This is a guy who could probably be building the warp drive, or a nuclear fusion reactor - instead he spends his days writing code that helps clients sell people shit they don't need - because that is what this insane "market" puts value on. It is a terribly toxic culture exacerbated by social media. I did a "hard break" from social media a year or two back and have never regretted the decision.