Parker said that he and people like Zuckerberg realized they could keep their users engaged by "exploiting a vulnerability in human psychology" and creating 'a social-validation feedback loop'.
He made this statement in an interview at Axios event held in the National Constitution Center in Philadelphia on November 8, 2017.
The billionaire recently founded the Parker Institute for Cancer Immunotherapy. However, he took the time to provide some insight into the early thinking at Facebook at a time when social media companies face intense scrutiny from lawmakers over their power and influence.
"And I would say, 'OK".
"I don't know if I really understood the consequences of what I was saying", he added, pointing to "unintended consequences" that arise when a network grows to have more than 2 billion users.
"It iterally changes your relationship with society, with each other".
Parker said, "It probably interferes with productivity in weird ways". Parker expressed concern over fears that Facebook is not doing enough to ensure children are protected from the harmful effects of falling for the many traps the social network has attracted over time.
Parker said the process behind developing Facebook was figuring out how it can "consume as much of your time and conscious attention as possible".
"And that means that we need to sort of give you a little dopamine hit every once in a while, because someone liked or commented on a photo or a post or whatever", Parker continued.
Parker's comments, though, indicate a far less altruistic goal behind the foundation, creation, and long term operation of Facebook, which now boasts over 2 billion hooked.er.monthly active users.
The answer, according to Parker, was by exploiting human weakness.
In 2005, police found cocaine in a vacation home Parker was renting and he was arrested on suspicion of possession of a schedule 1 substance.
Thanks mostly to his brief stint at Facebook, Parker's net worth is estimated to be more than $2.6bn. "Our choices are not as free as we think they are".