There’s another billionaire who thinks he has the answer to curing social media’s woes: Frank McCourt, the CEO of McCourt Global and once-owner of the Los Angeles Dodgers
But there’s another billionaire who thinks he has the answer to curing social media’s woes: Frank McCourt, the CEO of McCourt Global and once-owner of the Los Angeles Dodgers. Last year, McCourt founded the nonprofit Project Liberty, a bold-bordering-on-improbable project to fix the internet. And on Monday, he announced his intention to step down from his chief executive position at McCourt Global to devote most of his time to the cause.
McCourt has already committed $150 million to the project, which aims to build a new layer of the internet that gives users control and ownership of their personal data. The driving problem of the current version of the internet, McCourt argues, is that companies like Facebook, Google and Twitter are incentivized to use personal data to entice advertisers.
In the last few years, McCourt has turned his focus to social media, which he says has deeply exacerbated many of the world’s problems. “The economy, inflation, abortion, immigration, democracy: If you step away from all those issues, what drives viewpoints and opinions and perspectives on them is social media,” he says. “It’s going to be very, very hard to solve these big, important societal issues if we can’t have a coherent conversation about them.
To help make his vision a reality, McCourt has recruited a select group of technology policy, thought-leadership, and innovation luminaries. Martina Larkin, a longtime executive at the World Economic Forum, will become the first CEO of Project Liberty. Semsar-de Boisséson, who has been leading Project Liberty’s McCourt Institute, will take McCourt’s former role as the CEO of McCourt Global.
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