Chamath Palihapitiya

What you're probably leaving out here, which you're definitely leaving out here, is when these companies know they're doing something damaging and they do it anyway, that was the key to the RJR Nabisco case.

I'll put those two aside, because I don't think we've seen major cases about that.

But I will say the auto industry knew for a long time about seatbelts, you remember that, and they didn't deploy them RJR Nabisco, they knew that these were addictive, and they designed the cigarettes to become more addictive.

And they didn't tell people about the health risks, asbestos, same thing, lead paint, same thing.

This has happened over and over again, where corporations

subvert the release of information to make additional profits.

So the question here with Facebook is, did they know how addicted these were?

Did they know kids were being assaulted sexually and they could have done something about it or didn't they?

And so agree that there's too much litigation.

And if we don't want people to make noise, then we shouldn't put it out there.

But if you as a corporation know it's dangerous, and then you lean into that, if you know, as is the case with Facebook, that this is super addicting, super damaging to young girls, and then you lean into making it more addictive, and you don't put safeguards in place, and you can prove that, like RJR,

like asbestos, like many of these other compounds.

Second, after age, which is what we're really talking about with kids, and Jonathan Haidt would agree that they shouldn't be using this until they're 16, so I think that's a perfect analogy.

age gating, and then labeling.

And then if they know of something that's really damaging, releasing that.

So there was a whole thing about alcohol in pregnancy, and they covered up in the alcohol industry or didn't disclose exactly how damaging it was to drink alcohol on a fetus or a developing fetus.

And then remember all those signs went up in bars in the 70s and 80s?

That was directly because of that.

So labeling, information, and age gating would be the logical things to do for social media.

And that's what's happened the past.