New study shows that TikTok and Insta trap young people, who feel they MUST use the platforms because… everyone else does. But if offered the chance to PAY to have everyone in their college delete the apps, most on TikTok, and half on Insta, would pay. Also: most students say they’d PREFER to live in a world with no TikTok or Insta. Even most active users of Insta say that. Social media is not a normal consumer product. The negative spillover effects are enormous, not just on non-users, but on active users as well, the authors conclude. The business models of Meta and TikTok require trapping young users in this way. The presence of major external costs imposed on others--especially children--is the textbook example of why societies impose regulations, and why class action lawsuits exist. See the summary, and the full working paper, here: bfi.uchicago.edu/insight/res…