Business News

In a bombshell WSJ report, Facebook has been conducting studies into how its photo-sharing app affects its millions of young users. Repeatedly, the company’s researchers found that Instagram is harmful for a sizable percentage of them, most notably teenage girls. More than 40% of Instagram’s users are 22 years old and younger, and about 22 million teens log onto Instagram in the U.S. each day.  Approximately 1 in 10 teenage girls with suicidal thoughts can be traced to originating on Instagram.


Prices of goods online have now risen for an unprecedented 15 consecutive months, following what was a historical period of declines, according to a new report from Adobe Digital Insights. Inflation is hitting categories including pet products, nonprescription drugs, apparel, furniture and flower arrangements.  The growth in digital sticker prices across the industry means e-commerce transactions are on pace to soon account for roughly $1 of every $5 spent by Americans, up from $1 of every $6 in 2017.


The first all-civilian mission to orbit Earth is set to take off tonight, within a five-hour launch window that opens at 5pm.  The latest endeavor supported by SpaceX will go well beyond the International Space Station at a height of 360 miles above Earth.




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