FT News Briefing Why Instagram is getting filtered out
Jun 23, 2021
House prices are skyrocketing in the US and Europe, setting new records. Meanwhile, a groundbreaking AI drug-discovery startup has raised over $255 million, showcasing the potential of technology in medicine. The discussion shifts to Instagram, which is struggling to keep users engaged amid rising competition from platforms like TikTok. With the growing influence of influencers, many wonder if boredom could be Instagram's downfall. Moreover, the pandemic has led to an unexpected surge in millionaires, revealing stark economic shifts.
AI Snips
Chapters
Transcript
Episode notes
Soaring House Prices
- U.S. and European house prices hit record highs in May 2021, with median U.S. home prices up nearly 24%.
- Sales are declining as demand outpaces supply in both regions.
AI-Powered Drug Discovery
- Insilico, an AI drug discovery startup, secured $255 million in funding for human trials.
- They plan to integrate AI feedback throughout their drug development process.
Instagram's Decline
- Instagram's popularity declined after 2018, with user growth slowing and founders departing.
- Its minimalist design has become cluttered, and branded content is replacing user-generated posts.