You should only display that there is only 2 items left in stock, or only 4 hours left to participate in something, if it’s truthful and relevant.
Social media stories also create a sense of urgency: you have 24 hours to view them. The reduced friction (easily moving from one story to the next), induced FOMO, and variability of content are also addictive factors. If your product contains stories, you could downplay the ephemerality by extending their lifetime.
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