"Australian teens under 16 years old were kicked off major social platforms yesterday as governments and parents around the world grow increasingly skeptical that Big Tech will keep kids safe without intervention. The affected platforms include Facebook, Instagram, Kick, Reddit, Snapchat, Threads, TikTok, Twitch, X and YouTube. About 1.5 million, or 95%, of Australian 13- to 15-year-olds have used top social media sites. Several other countries and US states are considering similar crackdowns, though few go as far as Australia's."
"Social media companies stand to lose billions in ad revenue if teens around the world are kicked off the platforms, not to mention the chance to get in front of potential lifelong scrollers early. A Harvard study found social platforms made $11 billion in revenue from ads targeted to kids and teens in 2022, with Snapchat, TikTok and YouTube garnering the bulk of those billions."
Australia removed users under 16 from major social media platforms, blocking Facebook, Instagram, Kick, Reddit, Snapchat, Threads, TikTok, Twitch, X and YouTube for those teens. About 1.5 million Australian 13- to 15-year-olds had used top social platforms. Several other countries and some US states are considering similar measures, while few have matched Australia's breadth. Social platforms risk losing billions in ad revenue aimed at kids and teens; a Harvard study estimated $11 billion in 2022 concentrated on Snapchat, TikTok and YouTube. Platforms have introduced age-targeted restrictions and features, but critics and lawmakers continue pushing for stricter limits and parental controls.
Read at The Daily Upside
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