Billionaire Patrick Soon-Shiong says social media is the cancer of our time!

Billionaire Patrick Soon-Shiong wants the change the way people consume news on social media.. he called the platforms the "cancer of our time."

"The short attention span we're creating in this millennium is actually very dangerous," said Soon-Shiong, the new owner of the Los Angeles Times. "It's the unintended consequences of social media."

He told "Squawk Alley" that "I say it's the cancer of our time and social media is a form of metastasis of news. We need to change that."

He described Facebook as a "advertising facing" organization, and therefore people cannot differentiate from "fake news," "real news" or "opinion news."

...there may be a financial gain to him if people stop consuming their news on social media.. but does he have a point?

Recall the old wild west days of the NET ... when REAL news and FAKE NEWS collided in a beautiful storm of controversy.. now everything seems fake. Everything seems, just..unreal.

And one final thing is for sure ... social  media has caused news orgs to change the way they write headlines.. to change the way journalism is done. For the most part--it's been awful. It watered down what matters and obscured what really happened.

So ....The billionaire has a point.
but ... will any amount of money or opinion from a man who has it change anything...?

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