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Old 10-23-2020, 4:56am   #1
snide
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Default Social Networks are "amplifiers for idiots"

Eric Schmidt, who bought YouTube for a premium, thinks social networks are ‘amplifiers for idiots’
The former Google CEO also seems to think antitrust only kicks in at 100 percent market share

By Sean [email protected] Oct 21, 2020, 6:01pm EDT

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The Verge used to have a fine tradition of cataloging all of the times when Eric Schmidt stuck his foot in his mouth, and today’s feels like a worthy addition: the former Google CEO and executive chairman has decided that social networks are “amplifiers for idiots.”

The fuller quote, according to Bloomberg: “The context of social networks serving as amplifiers for idiots and crazy people is not what we intended.”

Without knowing who “we” refers to, you might think he’s talking about how the entire tech industry has failed to keep sites like Facebook and Twitter from creating echo chambers and polarizing politics around the world (though some argue we can’t blame social networks alone).

He’s certainly a member of the tech elite, one who had the ear of many other CEOs and even engaged in some extremely shady dealings that way.

“NOT WHAT WE INTENDED”
But you may recall that Schmidt also personally controlled one of the biggest social networks for many years: YouTube. He presided over the $1.65 billion buyout in 2006 and did it precisely in his role as a visionary, paying as much as $1 billion more than he thought it was worth at the time. He then stayed on as Google’s CEO until 2011 and was Alphabet’s executive chairman until early 2018.

This year, YouTube finally revealed it makes $15 billion a year, so perhaps the purchase has now been justified on purely financial terms. Societally, however, it sounds more like he’s apologizing that the golden age of YouTube is over. It’s “not what we intended.”

Schmidt was also asked about the landmark antitrust case Google’s currently facing down with the Department of Justice, and Bloomberg has this gem of a quote:

“I would be careful about these dominance arguments. I just don’t agree with them,” Schmidt said. “Google’s market share is not 100%.”

I guess antitrust only kicks in once you’ve locked out every competitor and now serve literally every human being on earth?
Who knew?
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Old 10-23-2020, 5:47am   #2
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A little off topic.

Did anyone catch ‘American Murder’ on Netflix? It's the Shanann Watts murder story. Her husband snuffed his entire family, kids included.

Obviously it's a tragic situation and I'm not victim blaming here but this woman spent her entire ****ing LIFE on Facebook. About halfway through the first episode I was all but yelling at the TV; "Woman. Shut off Facebook. Jesus!"
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Old 10-23-2020, 6:57am   #3
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Yes, why go visit people when you can sit in your darkened house and social media them?
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Old 10-23-2020, 7:01am   #4
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Old 10-23-2020, 10:46am   #5
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This and the other place are social media. All you have to do is go to Politics and controversy at the other place to see Eric is not wrong.
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Old 10-23-2020, 3:22pm   #6
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Old 10-23-2020, 5:15pm   #7
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Social media has brought out a lot of stupid people. Idiots doing something illegal then posting it on social media.
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