The effect of social media on our lives is a debatable topic. Various studies have shown that isn’t very good for mental well-being. And now, former President Barack Obama has also voiced his opinions on social media.

During a speech at MIT, Obama expressed his concerns on a few topics. The event was attended by hundreds of sports industry professionals, journalists, students, etc. and his remarks were off-the-record. But the folks over at Reason got their hands on the recording of the speech.

In his speech, Obama described social media platforms as tools with a lot of potential for good. But he also noted how it could be used by people for misinformation and spreading the wrong message. He said, “What’s also true is that our social media platforms are just a tool. ISIS can use that tool. Neo-Nazis can use that tool. I do think the large platforms have to have a conversation about their business model that recognizes they are a public good as well as a commercial enterprise.

“They’re not just an invisible platform, they’re shaping our culture in powerful ways.” – Barack Obama

Obama also noted how media is influencing our opinions on particular topics. He then gave an example of The New York Times and Fox News and compared how both editorial sources provide different information with different facts. He said, “Essentially we now have entirely different realities that are being created with not just different opinions, but now different facts.

If you look at these different sources of information, they do not describe the same thing. In some cases, they don’t even talk about the same thing. And so it is very difficult to figure out how democracy works over the long term in those circumstances.

Social media platforms like Facebook, Twitter, etc. have been under the scanner for the past year, particularly for the whole Russian bots fiasco, theĀ fake news campaigns. While Google is already turning its algorithm to target objectionable content and bring a positive influence on vulnerable internet users. But there’s more work to be done.

Obama added that because the US government takes a different approach to internet companies than, say, China, these companies have not been able to find a responsible middle ground to function.