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In this presentation, Mananchadi outlines the second assignment focused on real-time data extraction from social media. The objectives include creating a web application for acquiring and storing feeds in a database and displaying them on a website. The project utilizes several tools and languages: Python for programming, APIs for data extraction from Twitter and Reddit, HTML and CSS for web page design, MongoDB for database storage, Flask for web development, PyCharm as the IDE, and Chrome for testing. The data model includes key elements such as tweet ID, tweet time, and tweet content to facilitate functionalities. Additional features are also mentioned briefly.