The tools were rudimentary at the beginning, and the builders were naively optimistic that a more open and connected world simply would lead to a better world since everyone had a voice.

Now we live in a world where likes and follows dominate our perception of ourselves.

When everyone is a media channel, people don’t share their true selves, and social interactions get warped into social competitions.

Facebook itself is repositioning its efforts around more private communications — since in private conversations people express more of their true selves, and share more now than they do on their feeds or “media channels”.

The main revenue driver for top social companies today are all based on advertising, of which a major factor is the time you spend on the app. Revenue models built on time spent are zero-sum business models.

going to a concert together, eating dinner, or just hanging out at someone’s apartment. These are the real experiences we have together. They matter in the best of times and the worst of times. These are the true moments that create the best memories.

The next wave of social products isn’t going to be about “media”, it’s going to be about experiences. I couldn’t be more excited.