Facebook’s first investor says he is ‘bored’ by social network – despite the fact he pocketed billions from it

First investor in social network says he is ‘somwhat bored’ by Facebook


Glitches: Airtime Co-founder Sean Parker has said that he is now ‘bored’ by Facebook. Parker was the first investor in the company

ean Parker, Facebook’s first investor, has said that he is now ‘bored’ by the company – despite having made a fortune from the company.

‘Facebook isn’t helping you make new connections, Facebook doesn’t develop new relationships, Facebook is just trying to be the most accurate model of your social graph,’ said Parker this week.

‘There’s a part of me that feels somewhat bored by all of this.’

But Parker said that a recent analyst report that Facebook would have gone the way of former internet titans such as Yahoo by 2020 was wide of the mark.

‘Facebook is such a basic utility. It’s something that is such a part of peoples’ lives, I think it’s hard to imagine it going away,’ said the billionaire tech investor, one of the driving forces behind online music company Spotify.

Parker spoke out this week as he launched an app designed to use Facebook’s store of knowledge about people to enable online video chat with people they might like – Airtime.

The app will operate within Facebook.

Parker no longer works for the company – and is said to have lost $820 million of his multi-billion fortune in share value in the wake of Facebook’s recent wobbly IPO.

He has had several high-profile public spats with Mark Zuckerberg since leaving the company.


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