Get Your Financial Strategy in Place for 2025

There's still time to make smart financial moves as we enter a new year. Work with Datalign Advisory, a trusted partner who can help you optimize your plans and start 2025 on the right foot.

Australia is banning social media for people under 16. Could this work elsewhere -- or even there?

BARBARA ORTUTAY
December 04, 2024

It is an ambitious social experiment of our moment in history -- one that experts say could accomplish something that parents, schools and other governments have attempted with varying degrees of success: keeping kids off social media until they turn 16.

Australia's new law, approved by its Parliament last week, is an attempt to swim against many tides of modern life -- formidable forces like technology, marketing, globalization and, of course, the iron will of a teenager. And like efforts of the past to protect kids from things that parents believe they're not ready for, the nation's move is both ambitious and not exactly simple, particularly in a world where young people are often shaped, defined and judged by the online company they keep.

The ban won't go into effect for another year. But how will Australia be able to enforce it? That's not clear, nor will it be easy. TikTok, Snapchat and Instagram have become so ingrained in young people's lives that going cold turkey will be difficult.

Other questions loom. Does the ban limit kids' free expression and -- especially for those in vulnerable groups -- isolate them and curtail their opportunity to connect with members of their community? And how will social sites verify people's ages, anyway? Can't kids just get around such technicalities, as they so often do?

This is, after all, the 21st century -- an era when social media is the primary communications tool for most of those born in the past 25 years who, in a fragmented world, seek the common cultures of trends, music and memes. What happens when big swaths of that fall away?

Is Australia's initiative a good, long-time-coming development that will protect the vulnerable, or could it become a well-meaning experiment with unintended consequences?

Platforms will be held liable

The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts. "It's clear that social media companies have to be held accountable, which is what Australia is trying to do," said Jim Steyer, president and CEO of the nonprofit Common Sense Media.

Leaders and parents in countries around the world are watching Australia's policy closely as many seek to protect young kids from the internet's dangerous corners -- and, not incidentally, from each other. Most nations have taken different routes, from parental consent requirements to minimum age limits.

Many child safety experts, parents and even teens who have waited to get on social media consider Australia's move a positive step. They say there's ample reason to ensure that children wait.

"What's most important for kids, just like adults, is real human connection. Less time alone on the screen means more time to connect, not less," said Julie Scelfo, the founder of Mothers Against Media Addiction, or MAMA, a grassroots group of parents aimed at combatting the harms of social media to children. "I'm confident we can support our kids in interacting in any number of ways aside from sharing the latest meme."

The harms to children from social media have been well documented in the two decades since Facebook's launch ushered in a new era in how the world communicates. Kids who spend more time on social media, especially when they are tweens or young teenagers, are more likely to experience depression and anxiety, according to multiple studies -- though it is not yet clear if there is a causal relationship.

What's more, many are exposed to content that is not appropriate for their age, including pornography and violence, as well as social pressures about body image and makeup. They also face bullying, sexual harassment and unwanted advances from their peers as well as adult strangers. Because their brains are not fully developed, teenagers, especially younger ones the law is focused on, are also more affected by social comparisons than adults, so even happy posts from friends can send them into a negative spiral.

What unintended harms could be caused?

Many major initiatives, particularly those aimed at social engineering, can produce side effects -- often unintended. Could that happen here? What, if anything, do kids stand to lose by separating kids and the networks in which they participate?

Paul Taske, associate director of litigation at the tech lobbying group NetChoice, says he considers the ban "one of the most extreme violations of free speech on the world stage today" even as he expressed relief that the First Amendment prevents such law in the United States

"These restrictions would create a massive cultural shift," Taske said.

"Not only is the Australian government preventing young people from engaging with issues they're passionate about, but they're also doing so even if their parents are ok with them using digital services," he said. "Parents know their children and their needs the best, and they should be making these decisions for their families -- not big government. That kind of forcible control over families inevitably will have downstream cultural impacts."

David Inserra, a fellow for Free Expression and Technology, Cato Institute, called the bill "about as useful as an ashtray on a motorbike" in a recent blog post. While Australia's law doesn't require "hard verification" such as an uploaded ID, he said, it calls for effective "age-assurance" that includes an array of ways companies can estimate someone's age. He said no verification system can ensure accuracy while also protecting privacy and not impacting adults in the process.

Privacy advocates have also raised concerns about the law's effect on online anonymity, a cornerstone of online communications -- and something that can protect teens on social platforms.

"Whether it be religious minorities and dissidents, LGBTQ youth, those in abusive situations, whistleblowers, or countless other speakers in tricky situations, anonymous speech is a critical tool to safely challenge authority and express controversial opinions," Inserra said. "But if every user of online platforms must first identify themselves, then their anonymity is at risk."

Other countries are trying to figure it out, too

Parents in Britain and across Europe earlier this year organized on platforms such as WhatsApp and Telegram to promise not to buy smartphones for children younger than 12 or 13. This approach costs almost no money and requires no government enforcement. In the United States, some parents are keeping kids off social media either informally or as part of an organized campaign such as Wait Until 8th, a group that helps parents delay kids' access to social media and phones.

This fall, Norway announced plans to ban kids under 15 from using social media, while France is testing a smartphone ban for kids under 15 in a limited number of schools -- a policy that could be rolled out nationwide if successful.

U.S. lawmakers have held multiple congressional hearings -- most recently in January -- on child online safety. Still, the last federal law aimed at protecting children online was enacted in 1998, six years before Facebook's founding. In July, the U.S. Senate overwhelmingly passed legislation designed to protect children from dangerous online content, pushing forward with what would be the first major effort by Congress in decades to hold tech companies more accountable. But the Kids Online Safety Act has since stalled in the House.

While several states have passed laws requiring age verification, those are stuck in court. Utah became the first state to pass laws regulating children's social media use in 2023. In September, a judge issued the preliminary injunction against the law, which would have required social media companies to verify the ages of users, apply privacy settings and limit some features. NetChoice has also obtained injunctions temporarily halting similar laws in several other states.

And last May, U.S. Surgeon General Vivek Murthy said there is insufficient evidence to show social media is safe for kids. He urged policymakers to address the harms of social media the same way they regulate things like car seats, baby formula, medication and other products children use.

Said Scelfo: "Why should social media products be any different? Kids may try to get around the restrictions -- just like they do for alcohol, tobacco or drugs -- but nobody is saying that because they try, we should give them unfettered access to them. Parents cannot possibly bear the entire responsibility of keeping children safe online, because the problems are baked into the design of the products. And so we need policies that hold Big Tech accountable for ensuring their products are safe."

___

Associated Press Writer Laurie Kellman contributed to this story.

Continue Reading...

Popular

California officials warn against price gouging as rents soar in fire-stricken Los Angeles

Southern California's expensive housing market is going to get a lot more competitive after deadly firestorms torched more than 12,000 homes and other structures in the Los Angeles area, leaving tens of thousands of people without a place to stay.

Supreme Court upholds law banning TikTok if it's not sold by its Chinese parent company

WASHINGTON (AP) — The on Friday unanimously upheld the federal law banning beginning Sunday unless it's sold by its China-based parent company, holding that the risk to national security posed by its ties to China overcomes concerns about limiting speech by the app or its 170 million users in the United States.

New AI Giant Trading up to 84% Less than Big Tech Stocks -- Set to Soar in 2025? - Ad

THIS is the single biggest money-making idea of my 43 years in the stock market.... And according to my calculations it could generate a fortune for fast-moving investors, who make their move before March 19. The problem is 99% of Americans have no idea this trade even exists. And that's good news for you... Because today you can get started with as little as $50!

Progressives are frustrated by Biden's final-days warning of billionaire influence

NEW YORK (AP) — The Democratic Party's left wing has warned for decades that America is moving toward in which a handful of billionaires controls much of the nation's wealth and political power.

Trump says he 'most likely' will give TikTok a 90-day extension to avoid US ban

President-elect Donald Trump said Saturday that he “most likely” would give 90 more days to work out a deal that would allow the popular video-sharing platform to avoid .

Missed Tesla? Don't Miss Elon's Next Big Move - Ad

Regardless of your personal opinion on Elon Musk... It's proven how effective he can be at creating millionaires with every new startup he touches. And while nothing is certain... I believe Elon's next venture, his "Final Move," could mint more millionaires than any project he's ever been a part of before.

TikTok refugees are pouring to Xiaohongshu. Here's what you need to know about the RedNote app

WASHINGTON (AP) — As the fate of TikTok hangs in the balance, U.S. TikTok users are flocking to the Chinese social media app Xiaohongshu, also called RedNote – making it the top downloaded app in the U.S.

Mexico and EU revamp trade agreement days before Trump takes office with threat of tariffs

MEXICO CITY (AP) — Mexico and the European Union on Friday announced a revamped trade agreement that they said would substantially increase trade and investment, days before the inauguration of U.S. President-elect Donald Trump, who on Mexico and other trading partners.

Limited Time Offer -- Weiss' Gold Playbook - Ad

Do not miss the details about how to claim your piece of high-grade gold bullion -- minted exclusively for Weiss Members. The fact is that gold prices are now higher than ever before. It's critical you get all the critical facts BEFORE the Gold Bull Market Summit recording goes offline.

IRS Commissioner Daniel Werfel says he'll step down on Trump's Inauguration Day

WASHINGTON (AP) — said in a letter to IRS workers on Friday that he intends to step down from his position on President-elect Donald Trump's Inauguration Day.

Trump Treasury Nominee Pledges To Maintain Dollar's Global Reserve Status, Outlines Vision For 'New Economic Golden Age'

Scott Bessent, Trump's Treasury Secretary nominee, pledged to uphold the dollar's reserve currency status, emphasizing productive investment, supply chain security, and strategic sanctions to bolster U.S. economic dominance.

Trump's next move could be the catalyst that triggers Bitcoin's next BIG breakout - Ad

But here's why I'm not buying Bitcoin directly: It's VERY expensive. Instead, I've found a better way to profit -- without touching any coins, ETFs, or digital wallets. This little-known $25 investment is accessible through your regular brokerage account. It's already up over 10% since Trump's victory, and it's just getting started.

Is Bill Gates Missing the Big Picture? - Ad

Bill Gates calls it: "The most transformative technology any of us will see in our lifetimes." Eric Fry agrees, saying it's far more advanced than anything today... including AI. But he also warns it could send millions of Americans into poverty.

US lawsuit accuses Pepsi company of price discrimination that favored Walmart over smaller stores

The Federal Trade Commission sued on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one large retailer at the expense of other vendors and consumers.

1 Thing You Must Do in 2025 - Ad

With a new year just beginning, I think every Weiss Member would be smart to do one thing to kick-start the year ...Claim a special bar of Weiss gold bullion. It's a simple investment anyone can access in their regular brokerage account with just a few clicks.

Jim Cramer Questions Nvidia's Trading Pattern Amid Positive TSMC Earnings And Biden's China Export Regulations

NVIDIA Corp. is facing renewed market scrutiny as Jim Cramer questioned the stock's trading pattern on Thursday, amid growing concerns over China sanctions and positive earnings from key supplier Taiwan Semiconductor Manufacturing Co.

Federal Reserve says it will leave climate change organization

WASHINGTON (AP) — The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change. The Fed's membership has been criticized by Republicans in Congress.

"America's Final Invention" - Ad

An invention far beyond our current technology -- even artificial intelligence -- could go live any day now. When it launches, the world economy could accelerate by as much as 250 times its normal rate. But it could also send millions of Americans into poverty.

Jeff Bezos’ Blue Origin launches massive New Glenn rocket on first test flight

CAPE CANAVERAL, Fla. (AP) — launched its massive new rocket on its first test flight Thursday, sending up a prototype satellite to orbit thousands of miles above Earth.

The Most Disruptive Technology in Human History - Ad

A brand new technology is lining up to be more disruptive than the internet or even today's most advanced artificial intelligence. Those who prepare now could see massive stock gains. Those who don't could find themselves on the wrong side of history.

Why DouYu Shares Are Exploding Higher Thursday

DouYu shares are trading higher by 28.5% during Thursday's session. The company appointed Simin Ren Co-CEO and announced a $300M special dividend.

January 20th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on January 20th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Former utility executives are indicted in an Ohio bribery scheme

A former CEO and one of his top executives with an Ohio energy company at the center of a $60 million bribery scheme have been indicted on racketeering charges, federal prosecutors announced Friday.

What's Going On With Snap Stock Friday?

Snap shares are trading lower on Friday despite the United States Supreme Court upholding the TikTok ban-or-sale law.

ONE AI Stock Is All You Need - Ad

There are over 6,000 stocks listed in the market right now. And even with many of them jumping on the AI bandwagon... They will NOT make you rich. However, there is one stock that stands head and shoulders above everything else. It's currently trading for only $20...

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

WASHINGTON (AP) — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump’s promises to slash U.S. taxes, impose tariffs on foreign goods, ease regulations on businesses and deport millions of immigrants working illegally in the United States.

FTC bans GM from sharing driving data to settle claims that the automaker sold data without consent

General Motors will be banned for five years from disclosing data that it collects from drivers to consumer reporting agencies as part of a to resolve claims that the automaker shared such data without consumers’ permission.

Legendary Investor: Buy These "Trump Stocks" Now - Ad

Within the first week of Trump's election, several stocks exploded for double- and triple-digit gains. According to legendary investor Louis Navellier, this is just the beginning of what could be the best four-year period for stocks in U.S. history.

Bitcoin Miners Consolidate Power: 12 Firms Now Control 30% Of Network Hash Rate

A new report from Bernstein reveals a significant shift in the Bitcoin (CRYPTO: BTC) mining landscape, with just twelve companies no

Starship's 7th Test Flight With Simulated Starlink Payload Delayed Until Thursday Due To Unfavorable Weather, Says SpaceX

SpaceX's seventh test flight of its Starship launch vehicle is now slated for Thursday, after getting pushed back from Wednesday owing to unfavorable weather conditions.

Our No. 1 Way to Profit From Crypto Boom (Under $1) - Ad

Many of the world's best and richest investors are piling their money into the same trade: Bitcoin. Including legendary hedge-fund manager Paul Tudor Jones, entrepreneur Elon Musk, and venture capitalist Tim Draper. But that pales in comparison to another huge investor (worth more than all the world's billionaires combined) we believe is about to start piling into Bitcoin next. Click here for the full story.

What's Going On With SoFi Technologies Stock Thursday?

SoFi Technologies Inc (NASDAQ:SOFI) shares are moving higher. The company on Thursday announced a personal loan securitization agreement with a global fixed income manager.

Goldman Sachs Stock May Be Pricey But Its One Of The Cheapest Ways For Investing In Capital Markets: Analyst

Keefe, Bruyette & Woods analyst David Konrad maintained an Outperform rating on Goldman Sachs and raised its price target to $690. The bank posted strong quarterly results, driven by a 33% year-over-year surge in trading revenue and growth in asset management.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Poland's leader accuses Russia of planning acts of terror against 'airlines over the world'

WARSAW, Poland (AP) — Polish Prime Minister Donald Tusk accused Russia on Wednesday of planning acts of sabotage worldwide that included “acts of air terror” against airlines.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service