"Sean Parker, first president of Facebook, is starting a video chat site because he thinks that social media is making people lonelier," the Financial Times reports.

The new site is called Airtime.

Says that report, "Mr. Parker says Airtime will solve a social problem that has arisen amid the rapid adoption of Facebook — in which he has a stake valued at $2.65bn — and other social networking sites where face-to-face conversations and human interactions have been reduced to impersonal clicks and status updates."

The story also says, "Unveiled at a celebrity-studded New York event on Tuesday, the new site … requires that people log in with their Facebook account. It then allows them to video chat with someone who is among their Facebook friends or to find someone to talk to anonymously who shares similar interests. Users also can watch online videos together."

The article adds, "Mr. Parker has reunited with Shawn Fanning, his co-founder at Napster, the music file-sharing site that disrupted the music industry, to launch the venture. The duo will lead Airtime, with Mr. Parker as chairman and Mr. Fanning as chief executive."