Is Social Media a Threat to Democracy? About The Omidyar Group The Omidyar Group is a diverse collection of companies, organizations, and initiatives that strive to catalyze social impact by empowering individuals to create and sustain healthy societies. www.omidyargroup.com. About The Democracy Fund The Democracy Fund is a bipartisan foundation established by Pierre Omidyar to help ensure our political system is able to withstand new challenges and deliver on its promise to the American people. Since 2011, Democracy Fund has invested more than $60 million in support of a healthy democracy, including modern elections, effective governance, and a vibrant public square. www.democracyfund.org. About Omidyar Network Omidyar Network is a philanthropic investment firm established by Pierre Omidyar and his wife Pam. It is dedicated to harnessing the power of markets to create opportunity for people to improve their lives. They invest in and help scale innovative organizations to catalyze economic and social change. To date, Omidyar Network has committed more than $1 billion to for-profit companies and nonprofit organizations across multiple initiatives, including Education, Emerging Tech, Financial Inclusion, Governance & Citizen Engagement, and Property Rights. www.omidyar.com. Executive Summary It is becoming increasingly apparent that fundamental principles underlying democracy—trust, informed dialogue, a shared sense of reality, mutual consent, and participation—are being put to the test by certain features and attributes of social media. As technology companies increasingly achieve financial success by monetizing public attention, it is worth examining some of the key issues and unintended consequences arising as a result.1 1  iven the focus of this paper, we have not addressed any of the G negative individual, psychological, ramifications of social media, such as its effects on depression, addiction, coercion, exhibitionism, self-censorship, and other “chilling effects.” © Copyright The Omidyar Group 2017. All rights reserved. PAGE 3

Select target paragraph3