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Facebook investor says site 'preys on the weakest'

Facebook investor says site 'preys on the weakest'

Could this be the death of Facebook? You've heard horror stories about Facebook.

The social media network with about 2 billion users shared the private information of 50 million users with Cambridge Analytica, without permission, to influence the 2016 presidential election. You've heard about privacy lapses and rumblings about Facebook being in hot water for letting minors use credit cards to make purchases.

Now, a former Facebook insider says that Facebook and Google knowingly get users like you addicted to the site and they're not doing anything to change that. Could this be the controversy that brings Facebook down?

"They've created products that essentially prey on the weakest elements of our psychology to create, first, habits and then addictions," Roger McNamee, a former Facebook investor and advisor, told "CBS This Morning." "They didn't take the steps to safeguard us from what bad actors can do."

What happened to Facebook anyway?

His point is simply this. Facebook is fun to use, so billions of people just like you happily post photos and videos to the site, even as we've all heard that they share our personal information with advertisers, political manipulators and who knows who else.

"You have seen a really long list of bad things happening on Facebook and Google." The problem, he says, is that Facebook doesn't find the problems. Instead, they let users become victims of those problems. "They don't do any preparation."

He suggests in his book, "Zucked: Waking Up to the Facebook Catastrophe," that Facebook is a monopoly that has too much influence over our personal lives, and political outcomes. Other critics of Facebook have suggested that the company helped Donald Trump win the presidency by sending you ads that manipulated the way you thought about candidates.

Zuckerberg blamed for Facebook problems

He has suggested that the company be broken up into smaller, more manageable companies. Mark Zuckerberg is a big part of the problem, too. McNamee has said Zuckerberg dismisses controversies in the company as bad public relations and doesn't see that they're having a negative effect on us as individuals and as a country.

"I want to have a conversation about the future of our children," McNamee told "CBS This Morning." "We just saw twice last week that Facebook was accused, in one case successfully in a legal challenge with respect essentially to taking advantage of minors, in one case credit card charges related to games and in the other case a product that spied on all their usage."

"CBS This Morning" anchors pointed out to McNamee that he has not been an advisor for Facebook in about a decade. They also said that his book is based on hypotheses, not concrete evidence.

"Keep in mind, they have political power that dominates this country and around world and they're not elected," he said. "The whole point of 'Zucked' is to give you, as a voter and citizen of the United States, an opportunity to understand the questions and issues."

Watch more of Roger McNamee's interview with CBS This Morning:

Study shows how Facebook and Twitter can gather your private information even if you don't have an account

You have heard the frightening stories about Facebook and other social media site sharing your personal information with others, often advertisers. You cherish your privacy, so you've disconnected or never setup an account.

Unfortunately, your friends and family have accounts and that's putting your privacy at risk. It turns out, they just need to have a handful or two of your contacts' information to create a profile of you, for you.

Tap or click here to find out if Facebook is spying on you!

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