Facebook and the Future of the Social Internet

Published on
February 22nd, 2019
Duration
53 minutes

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76

Facebook and the Future of the Social Internet

The Interview ·
Featuring Roger McNamee

Published on: February 22nd, 2019 • Duration: 53 minutes

In the year since Roger McNamee spoke with Real Vision, Facebook's world has been turned upside-down amid the company's handling of users' private data. In this interview with Brian Price, McNamee discusses how he chronicled these alarming developments in his new book, "Zucked: Waking Up to the Facebook Catastrophe." And, despite Mark Zuckerberg's recent pledge to spend billions on safety and security, McNamee believes that Facebook's key issues remain unaddressed as they lie within the overall business model. With this, Roger examines how an investor can differentiate between ethically sound tech companies and those that fail to address major flaws. The Silicon Valley legend also explores the future of tech, namely how artificial intelligence could change our lives, for better or worse. Filmed on February 6, 2019 in New York.

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Chapters

  1. 00:02:06
    The Challenges of Fixing Facebook
  2. 00:09:12
    The Politics Of Facebook
  3. 00:14:45
    Shining Light On The Internet’s Dark Side
  4. 00:21:06
    Fresh Flaws in Crisis Management
  5. 00:23:07
    Future Fears & Opportunities In Tech
  6. 00:28:16
    Applying Steve Job’s Approach To A.I.
  7. 00:29:45
    Amazon’s Alexa: MVP Or Liability
  8. 00:31:17
    Going From Investor To Activist
  9. 00:32:40
    Block Chain & Bitcoin: More Questions than Answers
  10. 00:34:31
    Reasons For Optimism
  11. 00:41:10
    At Home With Technology
  12. 00:43:57
    Are We In An Asset Bubble?
  13. 00:46:54
    Competition Between China and The U.S.
  14. 00:47:55
    Closing Thoughts With Roger

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Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Prior to founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office. Mr. Yusko has been at the forefront of institutional investing throughout his career. An early investor in alternative asset classes at Notre Dame, he brought the Endowment Model of investing to UNC, which contributed to significant performance gains for the Endowment. The Endowment Model is the cornerstone philosophy of Morgan Creek, as is the mandate to Invest in Innovation.

Mr. Yusko is again at the forefront of investing through Morgan Creek Digital Assets, which was formed in 2018. Morgan Creek Digital is an early stage investor in blockchain technology, digital currency and digital assets through the firm’s Venture Capital and Digital Asset Index Fund.

Mr. Yusko received a BA with Honors from the University of Notre Dame and an MBA in Accounting and Finance from the University of Chicago.

Anthony Scaramucci

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Real Vision members also have access to Real Vision Crypto, a cryptocurrency and digital assets video channel watched by over 80,000 people. In addition, Raoul has been publishing Global Macro Investor since January 2005 to provide original, high quality, quantifiable and easily readable research for the global macro investment community hedge funds, family offices, pension funds and sovereign wealth funds. It draws on his considerable 31 years of experience in advising hedge funds and managing a global macro hedge fund. Global Macro Investor has one of the very best, proven track records of any newsletter in the industry, producing extremely positive returns in eight out of the last twelve years.

He retired from managing client money at the age of 36 in 2004 and now lives in the tiny Caribbean island of Little Cayman in the Cayman Islands. Previously he co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul moved to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe. In this role, Raoul established strong relationships with many of the world’s pre-eminent hedge funds, learning from their styles and experiences.

Other stop-off points on the way were NatWest Markets and HSBC, although he began his career by training traders in technical analysis.

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