UK to Impose Social Media Restrictions for Under-16s
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Newsfilter
- Policy Shift: The UK is set to announce restrictions on social media for children under 16, potentially banning platforms deemed harmful to youth mental health, addressing parental concerns over excessive online time.
- Learning from Australia: Following Australia's lead in banning under-16s from social media last year, the UK government is tightening regulations on tech companies, reflecting a growing commitment to child health and safety that may influence future policies.
- Strong Public Feedback: The UK government received over 116,000 responses from parents, industry, and youth, with more than 83% of parents believing the risks of social media outweigh the benefits, and 90% supporting a minimum age of 16 for access, indicating a broad societal consensus on child protection.
- Cultural Dynamics Change: Culture and Media Minister Lisa Nandy noted that while some children may circumvent bans, it will alter their expectations regarding social media, significantly impacting cultural norms and reducing the presumption that young children should be in these online spaces.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 357.770
Low
305.00
Averages
374.25
High
400.00
Current: 357.770
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cultural Dynamics Change: Culture and Media Minister Lisa Nandy noted that while some children may circumvent bans, it will alter their expectations regarding social media, significantly impacting cultural norms and reducing the presumption that young children should be in these online spaces.
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- Learning from Australia: Following Australia's lead in banning under-16s from social media last year, the UK government is tightening regulations on tech companies, reflecting a growing commitment to child health and safety that may influence future policies.
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