🔻 How a social network falls apart

Plus: Smartphones and social media are destroying children's mental health, Venture firms are advising portfolio companies to move money out of SVB, and more…

Today’s pick

How a social network falls apart. Twitter is in a period of decline. The site still functions, people are still using it, but there's a familiar stink that lingers on the website. It reminds me of the twilight days of two other social media platforms I've used: LiveJournal and… (Gita Jackson / The Verge)

it's gita time @xoxogossipgita

New from me at the Verge—I looked back at the online communities I used to frequent and tried to apply those lessons to Twitter.

theverge.comHow a social network falls apartTo divine what will happen to Twitter, just look to other social networks that changed under new owners.

---

Smartphones and social media are destroying children's mental health. Evidence of the catastrophic effects of increased screen-time is now overwhelming Something is going very wrong for teenagers. Between 1994 and 2010, the share of British teens who do not consider themselves likeable fell slightly from 6 per cent… (John Burn-Murdoch / Financial Times)

Juliet Riddell @juliet_riddell

The evidence is irrefutable. Smartphones and social media are destroying children’s mental health. Often grateful for @jburnmurdoch work- but especially this today. FREE to read. enterprise-sharing.ft.com/redeem/3bf4e79…

---

The best way to reach new readers is word of mouth. If you click THIS LINK in your inbox, it’ll create an easy-to-send pre-written email you can just fire off to some friends.

---

Venture firms are advising portfolio companies to move money out of SVB. Some venture capital firms, including some of the biggest names in the game, are advising their portfolio companies to remove money out of Silicon Valley Bank after the storied bank announced this morning that it intended to sell shares in pursuit… (Natasha Mascarenhas / TechCrunch)

natasha mascarenhas @nmasc_

Some VCs are telling portfolio companies to remove funds from SVB, or at the very least, decentralize where they hold their assets. They are fearing a bank run. w/ @alex:

techcrunch.comVenture firms are advising portfolio companies to move money out of SVBA number of investors fear a bank run. VCs are advising startups to generally keep no more than $250,000 in SVB checking accounts.

---

We Programmed ChatGPT Into This Article. ChatGPT, the internet-famous AI text generator, has taken on a new form. Once a website you could visit, it is now a service that you can integrate into software of all kinds, from spreadsheet programs to delivery apps to magazine websites such as… (Ian Bogost / The Atlantic)

Ian Bogost @ibogost

What might it feel like, as readers, writers, and publishers, to incorporate a *live* version of the ChatGPT API into published writing? We built it into this article to find out.

theatlantic.comWe Programmed ChatGPT Into This Article. It’s Weird.Please don’t embarrass us, robots.

---

Elon Musk Is Planning a Texas Utopia-His Own Town. This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at… (Kirsten Grind / Wall Street Journal)

Kirsten Grind @KirstenGrind

Inside Elon Musk's plans to build a town - or maybe even a city! - on farmland outside Austin. A mayor might be elected. And Kanye was consulted. Big team effort w/ @bykowicz @rfelliott @thetrough

wsj.comElon Musk Is Planning a Texas Utopia—His Own TownThe entrepreneur is laying plans for a new community outside Austin next to Boring and SpaceX facilities, dubbed Snailbrook. Entities tied to Mr. Musk’s companies or executives have purchased at least 3,500 acres.

---

Thanks for reading to the bottom and soaking in our Newslit fuelled highlights for your morning.

I hope you found it interesting and, needless to say, if you have any questions or feedback let me know by hitting reply or on Twitter.

Take care and see you on Monday!

— Jose Montes de Oca

P.S. Want to advertise with us? We’d love to hear from you.