Early Facebook investor says it must fix “structural problem”


Source: CBS News

One of Facebook’s early investors and a former mentor to CEO Mark Zuckerberg is warning of the social media giant’s harmful and potentially irreversible effects on society. Roger McNamee told “CBS This Morning” on Wednesday that Facebook not only needs to take action, it needs to “fix the product.”

McNamee, managing director of private equity firm Elevation Partners, argues that Facebook has prioritized advertisers and not protected users.

The Facebook stakeholder said he spent years helping to build the company and finds it “unbelievably painful” to think about where it is today.

“I’m sitting in the front row like, wow, this is the greatest thing I ever did. Then right in the beginning of the presidential campaign in 2016 I see things going wrong and it makes me very concerned. And eventually in October I go to them and


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