Published: Sun, November 12, 2017
Science | By Nancy Frank

Sean Parker Net Worth: How Rich Is Facebook's Founding President?

Sean Parker Net Worth: How Rich Is Facebook's Founding President?

Former Facebook President Sean Parker told Axios on Wednesday that he's become a "conscientious objector" on social media.

He says he's not too sure if he really comprehended the impact of social media at the time of its nascency and advent, arguing that there were so many potentially unforeseeable and unintended consequences of a network with users growing by the billions.

Parker, who now has two children, said: 'It probably interferes with productivity in weird ways.

"God only knows what it's doing to our children's brains", he continued, pointing to a recent surge in anxiety "amongst high school kids and younger".

Parker also said the thought process that went into building Facebook was about trying to figure out how to consume as much of a user's time and conscious attention as possible.

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A like or a comment on a post sends users "a little dopamine hit", he said, encouraging them to post again.

Nevertheless, he describes how he once tried to get as many people as possible to use Facebook's platform.

If you've followed Facebook closely from the beginning (or have watched The Social Network), you'll be familiar with the role Sean Parker played in the creation of the company.

When Facebook was getting going, I had these people who would come up to me and they would say, "I'm not on social media".

Referencing Facebook's fledgling early days, Parker recalled some early resistance he encountered to the idea of sharing one's most intimate - some would even say trivial - personal details with the rest of the world.

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"You're exploiting a vulnerability in human psychology", he said.

Calling himself "something of a conscientious objector" on social media, Parker said he was anxious about what social networks are doing to children's brains.

Now the founder and chair of the Parker Institute for Cancer Immunotherapy, Parker recently put $250 million of his money behind cancer research, making him the largest donor ever to immunotherapy treatment research. "We'll get you eventually".

He added that he, as well as Mark Zuckerberg, Facebook CEO, were well aware of the results that would be produced as a result of the constant social validation. And we did it anyway. "Perhaps it's just wistful thinking on my part, but it seems to me that it's Zuckerberg who should be anxious that more and more people might start carrying out this blocking all on their own", he commented on his blog.

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