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Friends and family sharing is not a ‘secret sauce.’

List makes this argument using a pricing experiment he ran where he paid a treatment group $4 for each hour they reduced their usage of Facebook and Instagram. The FTC has argued these apps have unique features that users greatly value to help them connect with friends and family. But List found that participants decreased their usage of Facebook and Instagram’s friends and family features about as much as all its other features – showing users don’t particularly value those features more than other ones the apps have to offer.

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