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Facebook’s former vice president for user growth Chamath Palihapitiya reportedly spoke out against the company he helped created, staying he feels "tremendous guilt" for the influence the social media giant now has before urging users to take a "hard break" from social media.

Why it matters: His comments came a month after Facebook's founding president Sean Parker echoed similar concerns at an Axios event about Facebook "exploiting a vulnerability in human psychology." These accounts come on the heels of mounting debate about the power and effects of the social media platform after it was revealed that it helped manipulate the 2016 presidential election with propaganda ads. These accounts could also gives more ammunition for other Facebook alumni to come forward with their perspectives while the social media giant works its issues out.

  • Key quotes from Palihapitiya, who was speaking at Stanford Graduate School of Business event last month:
“I think we have created tools that are ripping apart the social fabric of how society works,” The Verge cited his saying.
“The short-term, dopamine-driven feedback loops we’ve created are destroying how society works,” he said, in reference to online interactions driven by “hearts, likes, thumbs-up.” “No civil discourse, no cooperation; misinformation, mistruth. And it’s not an American problem — this is not about Russians ads. This is a global problem.”

Go deeper: The Facebook whistleblower wave

Go deeper

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: The good and bad news about antibody therapies — Fauci: Hotspots have materialized across "the entire country."
  2. World: Belgium imposes lockdown, citing "health emergency" due to influx of cases.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
  8. 🎧Podcast: The vaccine race turns toward nationalism.
Dan Primack, author of Pro Rata
Updated 7 hours ago - Economy & Business

Dunkin' Brands agrees to $11B Inspire Brands sale

Photo: Alexi Rosenfeld/Getty Images

Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

Ina Fried, author of Login
9 hours ago - Technology

Federal judge halts Trump administration limit on TikTok

Illustration: Aïda Amer/Axios

A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.