[mcnamee] yes. [smith] they've turned us into a product. [mcnamee] into basicaldigit. [mcnamee] yes. a data avatar, and so in that context they say in advertisinst hey, you're not the er you're the product, and the problem is on facebo or on google or on amazon or microsoft you're the fuel. you're basically this reservoir of data. and they suck it out and they monetize that data. sometimes directly to you, and sometimes they use atyour data to create valu the . [smith] is the proem that this was not the point all along? and at some point it became the point, or wast the point all along only they didn't tell us and we didn't know cnamee] so i think google or wast the point understood where this was going very, very early on. ivohink with facebook ited. and essentiallt the way to think about mark zuckerberg is an idealist, and he believed -- [smith] you've known him for w -- [mcnamee] since he was 22. [smith] 13 years? you meet him in 2006 for the first time? [mcnamee] yeah, so i knew him at 22, and h

[mcnamee] it is. [smith] and the bill of particulars, the bill of chaes against facebook that you levy is pretty long. they surveil our evy action online. they monetize our privacy, they foster hate speech, they damage the public health, they undercut our democracy and all of it wrapped under this idea which i e ve, of productizing nsumer which is us. amee] yes. [smith] they've turned us into a product. [mcnamee] into basically a digital avatar. a data avatar, andso in tht us into a product. they say in advertising, hey, you're not the customer you're the product, and the prlem is on facebook or on google or on amazon or microsoft you're the fuel. you're basically this reservoir of data. and they suck it out and they monetize that data. u, sometimes directly to and soe your data to create value at the expense of everybody else. [smith] is the problem that this was not the point all along? and at some point it became the point, or was it the point all along only they didn't tell us and we didn't know?

this week joining us now, elevation partners cofounder, early facebook and google investors roger mcnameere you >> pretty good. >> i can't figure out what to feel about this tech selloff is it really a selloff microsoft's market cap is still over a trillion dollars. yes, apple's off 10% from the high, but it's got all this china exposure, so is it really that bad >> no, jon, i don't think it is. i think the market is showing you it wants to buy stocks, and it's being hit repeatedly with political issues and foreign policy issues that really justify deep concerns, but the reality is there's a huge amount of cash on the sideline. earnings remain good, and in this particular situation, i think the market is being rationale. you know, it recognizes that the deal with china is a real thing, but it also recognizes that china has interests in trying to prevent this from going off a cliff, and the real uncertainty is in washington less than in beijing, and so from my perspective, i think the market is being total rational in looking to go pack back up here i think that's how investors should look

trish: mcnamee came out with a book on this, really slamming facebook for its role in siphoning off peoplehe show. mentor to mark zuckerberg. here we go. >> google then facebook realized they could build global products creating a world where they reinforce preexisting beliefs, where they essentially manipulate first our attention. and then our behavior. if you sit there and think about, what happened on instagram with teen bullying, you think about the whole issue of isolation. the damage to democracy, and privacy, these are really big problems. >> we're dealing with this today, you know, i just say, why is it happening more now doctor circumstanc.>> is to the sociala companies? >> any time you provide a platform for people to eliminate or proves and only focus on one belief system, it presents a problem. it b can happen in real life but this is an easy place. trish: dr. dickinson thank you very much. my heart goes out to all those families, all their loved ones that are dealing with this terrible, terrible tragedy, thank you for joining us no diet, i'll see you back here tomorrow, kenned

roger mcnamee, this is overheard. [smith] let's beest, is this about the ability to learn or his about the experience of not having been taught properly. how have you avoided what has befallen other nations in africa? yohicould say that he madown bed, but you caused him to sleep iit. you saw a problem and over time took it on. let's start with t sizzle before we get to the steak.