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Illustration: Lazaro Gamio/Axios

Long before the start of the "techlash," LinkedIn founder Reid Hoffman presciently predicted that “social networks do best when they tap into one of the seven deadly sins." In today’s episode of his own Masters of Scale podcast, Reid talks more about that philosophy.

"Part of the theory was that what gives people fabric, and meaning, and joy, and presence in life is other people. And yet, the problem is that when we live only in physical reality ... A number of people had had the thought that the internet brings with it the possibility of configuring this electronic space."

Why it matters: While Reid’s approach has had indisputable success over the past decade, times have changed since 2011 and we better understand the psychological triggers that big tech employs to manipulate its users into taking certain actions. 

The art of hooking users — once celebrated across Silicon Valley — is now viewed by some with skepticism.

Our thought bubble: Research shows that negative impacts of social media over the past few years are beginning to wear on users’ trust, which could make it harder for social networks to continue to scale. 

Go deeper: Listen to the entire episode for more of Reid’s thoughts.

Go deeper

Texas urges Supreme Court to leave abortion ban in place

Photo: Emily Elconin/Bloomberg via Getty Images

Texas on Thursday asked the Supreme Court to keep in place a law that bans abortions after an embryo's cardiac activity is detected, which can be as soon as six weeks and before many people know they are pregnant.

Driving the news: Texas Attorney General Ken Paxton is asking the high court to ignore the Justice Department's emergency request that they temporarily block the law while federal courts consider its constitutionality since it "lacks standing because it has not been injured by SB 8."

Felix Salmon, author of Capital
2 hours ago - Economy & Business

Meme stonks lose their appeal to the world of crypto

Data: Cardify; Chart: Axios Visuals

That sucking sound you hear is the outflow of meme-chasing dollars from the stock market.

Why it matters: The caravan has moved on. The dream of getting rich quick still lives, but today it's more often found in the world of crypto, NFTs or even sports betting than it is in the stock market.

Latinas who brew seek to shake craft beer industry

A server at Mujeres Brew House in San Diego rings up a customer in front of a selection of craft beers. Photo: Russell Contreras/Axios

Independent craft brewers are popping up in cities across the country, and a small but growing number of them are Latina-owned or run by a Latina head brewer.

The big picture: Latinas are opening up independent craft breweries from California to Colorado as Latina-owned small businesses continue to be one of the fastest-growing segments of the economy despite a lack of venture capital.