Chapter
The PayPal Mafia's Impact on Silicon Valley
58:05 - 1:05:52 (07:46)
The "PayPal Mafia," a group of successful investors and executives including Peter Thiel, had a significant impact on Silicon Valley's technology industry and culture with their hyper libertarian views and willingness to break societal norms. These values played a role in the development of companies like Facebook and in the toxic digital platforms associated with video games.
Clips
The Cambridge Analytica scandal was a big violation of Facebook's consent decree, but the violation of user data privacy on video game platforms, such as Xbox Live and PlayStation, was orders of magnitude larger.
58:05 - 59:35 (01:29)
Summary
The Cambridge Analytica scandal was a big violation of Facebook's consent decree, but the violation of user data privacy on video game platforms, such as Xbox Live and PlayStation, was orders of magnitude larger. The $5 billion penalty imposed by the FTC for the Cambridge Analytica scandal was seen as a "bargain" by investors, which is a concerning issue in the tech world.
ChapterThe PayPal Mafia's Impact on Silicon Valley
Episode#093 - Roger McNamee - Is Facebook Zucked?
PodcastModern Wisdom
The PayPal mafia, including Peter Thiel, Elon Musk, and Reid Hoffman, were not only brilliant executives but also brilliant investors who saw how the technology world was evolving before anyone else.
59:35 - 1:02:27 (02:51)
Summary
The PayPal mafia, including Peter Thiel, Elon Musk, and Reid Hoffman, were not only brilliant executives but also brilliant investors who saw how the technology world was evolving before anyone else. Their intersection of value systems from the US space program and the hippie movement gave them a unique perspective on taking advantage of new technology and disregard for laws.
ChapterThe PayPal Mafia's Impact on Silicon Valley
Episode#093 - Roger McNamee - Is Facebook Zucked?
PodcastModern Wisdom
A man realizes that his rock and roll band's Facebook posts are being associated with the Bernie Sanders' campaign, despite their misogynistic content.
1:02:27 - 1:04:08 (01:41)
Summary
A man realizes that his rock and roll band's Facebook posts are being associated with the Bernie Sanders' campaign, despite their misogynistic content. He promptly retires from the band.
ChapterThe PayPal Mafia's Impact on Silicon Valley
Episode#093 - Roger McNamee - Is Facebook Zucked?
PodcastModern Wisdom
Facebook has been accused of selling ad tools that allow civil rights violations.
1:04:08 - 1:05:52 (01:44)
Summary
Facebook has been accused of selling ad tools that allow civil rights violations. The tools allowed a group to identify people interested in Black Lives Matter and sell the data to the police.