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Facebook says Instagram is not ‘toxic for teens,’ despite damning WSJ report

The Verge

On September 14 The Wall Street Journa l published a story to The Facebook Files, which is a series of stories based around an enormous cache of internal Facebook documents leaked to the newspaper. Raychoudhury ignores many of the issues raised in the WSJ piece, including that teens claimed they felt addicted to Instagram.

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This is Facebook’s internal research on the mental health effects of Instagram

The Verge

The Wall Street Journal reported that the files showed Instagram knew the social media network has a negative affect on teens’ mental health. Facebook has pushed back on the WSJ’s characterizations of its research, saying that “it is simply not accurate that this research demonstrates Instagram is ‘toxic’ for teen girls.”.

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SoftBank-backed Oyo files for $1.16 billion IPO

TechCrunch

The eight-year-old Indian budget hotel giant has filed the paperwork (PDF) with the local market regulator for an initial public offering, in which it is seeking to raise about $1.16 SoftBank plans to sell stakes worth over $175 million, Oyo said in the filing. Oyo is ready to explore the public markets.

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Why Facebook should release the Facebook Files

The Verge

The company’s least-bad option might also do a lot of good The fallout from The Wall Street Journal ’s Facebook Files series continues. For others, the Facebook Files have been a welcome opportunity to discuss their greatest fear. In the internal divisions over the Facebook Files, though, I find another echo of Cambridge Analytica.

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Daily Crunch: Global VC firm Partech reaches first close of largest African fund at €245 million

TechCrunch

Now, thanks to an SEC form filed on Friday, we know how much is sitting in the Sequoia Capital Fund. Yer gonna need both : Haje explores the difference between the solution and product slides in a startup’s pitch deck. And because we are sneaky capitalists doing it for the clicks.

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How to think about polarization on Facebook

The Verge

Here are Jeff Horwitz and Deepa Seetharaman : “Our algorithms exploit the human brain’s attraction to divisiveness,” read a slide from a 2018 presentation. “If It’s true that we have seen some apparent retaliation from Trump against social networks — the strange fair housing suit filed against Facebook last year comes to mind.