Teens may be getting bored with Facebook, one of Silicon Valley's best-known seed investment firms switches strategy and Apple plans features to manage screen time. All that and more in The Daily Crunch for June 1, 2018.

1. Teens dump Facebook for YouTube, Instagram and Snapchat

Nearly half of survey respondents said they're online "almost constantly," which I'd shake my head about — except that's probably true for me too. Maybe we're all doomed.

This is Pew's first teen survey since 2015, and what seems to be driving the recent changes  is the still-increasing ubiquity and power of smartphones.

2. SV Angel says it won't be raising another fund from outside investors

Going forward, the firm's founders Ron and Topher Conway will be investing their own money in startups. Meanwhile, partners Brian Pokorny, Kevin Carter and Robert Pollak will now become advisors.

3. Apple to launch its own 'digital health' features in iOS 12, says report

At Google I/O in May, the company introduced a series of tools for Android users to help better manage screen time, track app usage and limit the phone's ability to distract. Now, it seems Apple will follow suit.

4. Google's Area 120 incubator aims to improve your NYC subway commute with Pigeon

It's a Waze-style approach for New York City subway riders — and trust me, we can use all the help we can get.

5. Box acquires Progressly to expand workflow options

The company announced a workflow tool in 2016 called Box Relay. Box's chief product officer says Relay is great for well-defined processes, but Box wanted to expand on that initial vision.

6. The Microsoft Launcher for Android now lets you track your kids' whereabouts

This is one of a number of parent- and kid-focused announcements that Microsoft made yesterday. Others include the ability to block sites in Microsoft Edge on Android and the launch of MSN Kids, a new curated news website for children.

7. No-fees mobile bank Chime raises $70M Series C, valuing its business at $500M

The startup is one of several challenger banks gaining popularity with younger, millennial customers who see no need for a bank with physical branches, and who are sick of being penalized by hefty fees.