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McCourt: We’ve let technology be used in 'unhealthy ways'

 1 year ago
source link: https://finance.yahoo.com/news/mc-court-weve-let-technology-be-used-in-unhealthy-ways-195652212.html
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Influencers with Andy Serwer: Frank McCourt
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McCourt: We’ve let technology be used in 'unhealthy ways'

Fri, December 9, 2022, 4:56 AM·3 min read

Elon Musk, the tech mogul and Twitter CEO, and Matt Taibbi, an independent journalist, recently released a trove of internal emails from Twitter. The documents revealed the company’s efforts to suppress news on their platform and spurred a fierce online polemic about the effects of big tech and social media on American society.

Frank McCourt, the former owner of the Los Angeles Dodgers, has recently been tackling these challenges. Last year, he founded Project Liberty, a non-profit company that promotes ethics and individual rights in technology. He’s also the CEO of McCourt Global, a private family company that works in several industries including real estate, sports, and tech. During an interview with Yahoo Finance before the Twitter emails were released, he contended that technology has been used for ill despite its potential for good.

“We've let technology, which is just a tool, be used in unhealthy ways. You know, I think of technology as, as one way, think of a hammer, right? It's also a tool,” McCourt told Yahoo Finance. “And you can take that hammer, and go outside and build a house. Or you can take that hammer and go outside and kill someone, right? It's just a tool, how we utilize the tool makes all the difference in the world.”

Franck McCourt
Franck McCourt

In particular, social media has faced criticism in recent years for its negative health effects on users. For instance, Facebook has come under fire for concealing its harmful impact on adolescent women. Facebook's own research found that 13% of British users and 6% of American users who experienced suicidal thoughts tie the desire to kill themselves back to Instagram, according to the Wall Street Journal. Other studies have repeatedly connected social media use with mental illness. For instance, a recent paper from the National Library of Medicine found that excessive social media use was correlated with depression.

In addition to its potentially unhealthy effects, McCourt argued that social media is eroding American democracy.


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