Dozens of US states, including California and New York, are suing Meta Platforms Inc. for harming young people and contributing to the youth mental health crisis by knowingly and deliberately designing features on Instagram and Facebook that addict children to its platforms.filed by 33 states in federal court in California, claims that Meta routinely collects data on children under 13 without their parents' consent, in violation of federal law.
In a statement, Meta said it shares “the attorneys general’s commitment to providing teens with safe, positive experiences online, and have already introduced over 30 tools to support teens and their families.” To comply with federal regulation, social media companies ban kids under 13 from signing up to their platforms — but children have been shown to easily get around the bans, both with and without their parents’ consent, and many younger kids have social media accounts. The states' complaint says Meta knowingly violated this law, the Children’s Online Privacy Protection Act, by collecting data on children without informing and getting permission from their parents.
Ageand income are usually the biggest factors in determining one’s investment strategy, but some personal finance experts believe it’s time for gender to become a larger part ofthe decision-making process. Women are more likely than men to experience a wide range of life and career events, making a gendered approach to investing key for young women looking to build a comfortable retirement fund, said Zena Amundsen, a certified financial planner at Astra Financial with a largely female clientele.
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