People who deactivated Facebook as part of the experiment were happier afterward, reporting higher levels of life satisfaction and lower levels of depression and anxiety. The change was modest but significant — equal to about 25 to 40 percent of the beneficial effect typically reported for psychotherapy.
Why are people willing to pay so much money for something that reduces their happiness? One possibility is that social media acts like an addictive drug — in fact, the people Allcott et al. paid to deactivate Facebook ended up using it less after the experiment was over. But another possibility is that people use services like Facebook because they’re compelled by motivations other than the pursuit of happiness.
The IRS is suing Facebook for $9bn over unpaid taxes, reports Reuters, targeting its licensing of “intellectual property” to its own Irish subsidiary to shift profits to that lower-taxed jurisdiction. Under the arrangement, Facebook’s subsidiaries pay royalties to the U.S.-based parent for access to its trademark, users and platform technologies. From 2010 to 2016, Facebook […]
Ten months ago the director of New Jersey’s Division on Civil Rights alerted Facebook about a racist and anti-Semitic group page it was hosting, but Facebook took no action, reports Ars Technica. It took a letter from the state’s attorney general to convince Facebook to remove the group page. On Wednesday New Jersey Attorney General […]
Whether you own or rent your place, insurance on that home is a necessary hassle – but a new tech-driven company called Lemonade is starting to show that while it might indeed be a necessity, it doesn’t have to be a hassle. Here’s the way insurance typically works: You pay premiums and hope an accident never happens. […]
Bad news: Your brain reaches its peak performance sometime before you turn 26, and it’s all downhill from there. Good news: At any age, training with brain exercises has big-time benefits. Better news? The Ultimate Memory Mastery Bundle hooks you up with 20 hours of proven psychology and neuroscience techniques to boost your brain and […]
Admit it…even having a pocket knife within reach at a moment’s notice makes you feel a little like James Bond, right? Like, if you run up against a locked vault or a sinister superweapon, all you’d need are a couple of hand-held tools to diffuse the whole situation and save the world. Look, we don’t […]