Category: Local news

(NEW YORK) — Instagram this week unveiled mandatory accounts for teens that bolster privacy protections, enable parental supervision, and restrict notifications during overnight hours.

New and existing users under the age of 18 will be automatically enrolled in what Instagram is calling “Teen Accounts,” the company said.

The move comes 16 months after U.S. Surgeon General Vivek Murthy warned in an advisory that excessive social media could pose a “profound risk” to the mental health of children. Instagram also has faced pressure from some federal and state lawmakers seeking to regulate social media use among children and teens.

Experts who spoke to ABC News differed about whether Meta’s new restrictions for teen users would effectively mitigate the risks that young Instagram users face.

Some experts applauded the guardrails as a meaningful, though insufficient, step toward preventing teen harm. Others said the absence of robust age verification account measures would allow young users to circumvent the rules, rendering the new settings largely pointless.

In response to an ABC News request for comment, Meta said the company is expanding its efforts to verify the age of teen users.

“We’re requiring teens to verify their age in new ways. For example, if they attempt to create a new account with an adult birthday, we will require them to verify their age in order to use the account,” Meta spokesperson Dani Lever told ABC News.

“We also want to do more to proactively find accounts belonging to teens, even if the account lists an adult birthday. We’re building technology to proactively find these teens and place them in the same protections offered by Teen Account settings,” Lever added.

One expert said the restrictions also risk going too far, potentially limiting the free expression of teens and subjecting them to the control of parents with whom they may disagree about fundamental aspects of their identity.

“We need to be conscientious about the content that platforms are showing kids and how that can shape offline attitudes and behaviors,” Jon-Patrick Allem, a professor of public health at Rutgers University, told ABC News. 

Allem added that he is reserving judgment until the changes receive further examination.

The new Teen Accounts were announced by Instagram head Adam Mosseri in a live interview Tuesday on ABC News’ Good Morning America.

“They’re an automatic set of protections for teens that try to proactively address the top concerns that we’ve heard from parents about teens online,” Mosseri told GMA. “Things like who can contact them, what content they see and how much time they spend on their device … all without requiring any involvement from the parent.”

New teen users will automatically be enrolled in Teen Accounts, while existing teen users will see their accounts switch to the new model within 60 days, Mosseri said on GMA.

The new accounts will place users under 18 years old into a private account by default, the company said, while users under age 16 will require parental permission to switch over to a public account. Under the private account setting, teens will need to specifically accept new followers, and only those followers will be able to see their content and interact with them.

With the new accounts, teens also will have the power to choose the age-appropriate topics they want to see more of on Instagram, like sports or art, and parents will also be able to see the topics their teens choose, according to Instagram.

Jonathan Haidt, a social psychologist at New York University and author of The Anxious Generation: How the Great Rewiring of Childhood Is Causing an Epidemic of Mental Illness, offered lukewarm praise for the restrictions in a post on X on Tuesday.

“I am cautiously optimistic about Meta’s new teen accounts,” Haidt said. “Most of the problems with social media will still plague teens on Instagram. But this is a good start, and I hope it is just the first of many steps from Meta.”

Paul Barrett, a professor at New York University Law School and deputy director of the NYU Stern Center for Business and Human Rights, acknowledged that some of the Instagram changes would alleviate harm endured by teens on the platform. However, he added that the move would likely have little impact in the absence of better age verification measures to ensure that teens enroll in the Teen Accounts.

“This points in the right direction,” Barrett told ABC News. But, he added: “None of this is very meaningful until the company does something about age and identity verification. All of the other requirements become ineffective if kids just pretend that they’re adults.”

At least one expert said the changes risk causing some harm by putting too many restrictions on teen Instagram users. For instance, a child’s parents may have different views about fundamental questions of identity, such as whether one should believe in god, Eric Goldman, a professor at Santa Clara University School of Law who studies content moderation, told ABC News. The increased parental supervision in the new accounts could enable such parents to limit their child’s personal growth, he added.

“Parents might have norms about certain behavior for their children,” Goldman said. “This might take away self-expression and self-exploration.”

In general, some children would likely benefit from the changes, while others would suffer harm, he added.

“Groups of children have different needs,” Goldman said. “If it’s a one-size-fits-all solution, some children are likely to benefit and others are likely to be harmed,” though he added that Instagram has the right to make changes that it deems appropriate.

In response to such criticism, Meta said the company worked with relevant stakeholders to strike a balance between user experience and parental involvement.

“We consulted with parents, teens, and experts throughout the process of building Teen Accounts. With these changes, parents decide if teens under 16 can change the built-in settings,” said Lever, of Meta. “This allows teens to use social media to connect with friends, explore and discover, while giving parents peace of mind that their teens have the right protections in place.”

“If Instagram is adopting this because they think it’s the best for users, I support their freedom to set the policies and approach that is right for them,” Goldman said.

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(NEW YORK) — The Federal Reserve cut its benchmark interest rate a half of a percentage point on Wednesday in a landmark decision that dials back its years-long fight against inflation and could deliver relief for borrowers saddled with high costs.

The central bank’s first rate cut since 2020 came after a recent stretch of data had established the key conditions for a rate cut: falling inflation and slowing job gains.

In theory, lower interest rates help stimulate economic activity and boost employment. The Dow Jones Industrial Average surged 200 points in the immediate aftermath of the announcement on Wednesday afternoon.

The S&P 500 and the Nasdaq also climbed following the news.

Speaking at a press conference in Washington D.C. on Wednesday, Fed Chair Jerome Powell described the rate decision as a shift in policy at the central bank.

“This recalibration of our policy stance will help maintain the strength of the economy and the labor market, and enable further progress on inflation,” Powell said.

“The U.S. economy is in good shape,” Powell added. “We want to keep it there.”

The Federal Open Market Committee, a policymaking body at the Fed, on Wednesday forecast further interest rate cuts.

By the end of 2024, interest rates will fall nearly another half of a percentage point from their current level of between 4.75% and 5%, according to FOMC projections. Interest rates will drop another percentage point over the course of 2025, the projections indicated.

Over time, rate cuts ease the burden on borrowers for everything from home mortgages to credit cards to cars, making it cheaper to get a loan or refinance one. The cuts also boost company valuations, potentially helping fuel returns for stockholders.

Earlier this year, mortgage rates reached their highest level in more than two decades; while the average rate for credit card holders topped anything on record at the Fed. Interest rates for car loans have soared to levels last seen at the onset of the 2008 financial crisis, Edmunds found.

Interest rate cuts will bring many of those payments down, delivering gains for borrowers.

However, borrowers should not expect immediate relief from the Fed’s initial rate cut, Elizabeth Renter, senior economist at NerdWallet, told ABC News in a statement prior to the decision.

“This initial rate cut will have little immediate impact,” Renter said. “I anticipate many consumers and business owners will take the beginning of this change in monetary policy as a sign of hope.”

Inflation has slowed dramatically from a peak of about 9% in 2022, though it remains slightly higher than the Fed’s target of 2%.

Meanwhile, the job market has cooled. A weaker-than-expected jobs report in each of the last two months has stoked concern among some economists.

“We will do everything we can to support a strong labor market as we make further progress toward price stability,” Powell said last month.

Prior to the decision, the chances of a rate cut were are all but certain, according to the CME FedWatch Tool, a measure of market sentiment.

Market observers, however, had been divided over whether the Fed will impose its typical cut of a quarter of a percentage point, or opt for a larger half-point cut. The tool estimated the probability of a half-point cut at 65% and the odds of a quarter-point cut at 35%.

A half-point cut risked overstimulating the economy and rekindling elevated inflation, while a quarter-point cut threatened to delay the type of economic jumpstart that may be required to avert a recession, Seema Shah, chief global strategist at Principal Asset Management, told ABC News in a statement.

“Rarely have market expectations been so torn” on the eve of a rate decision, Shah added.

The rate cut on Wednesday went into effect less than 50 days before the November election.

The decision deviated from the policy approach taken by the Fed prior to many recent presidential elections, a Reuters analysis found. Policy rates were left unchanged for six to 12 months before the 2020, 2016, 2012 and 2000 U.S. presidential elections, according to Reuters.

To be sure, the Fed says it bases its decisions on economic conditions and operates as an independent government body.

When asked about the 2024 election at a press conference in Washington, D.C., in December, Powell said, “We don’t think about politics.”

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(NEW YORK) — For the first time in its history, Instagram on Tuesday announced the launch of accounts designed specifically for teenage users with built-in privacy protections.

The new accounts, called “Teen Accounts,” will be automatic for all Instagram users under the age of 18, both for teens already using the app and for those signing up.

By default, Instagram users younger than 16 will need a parent’s permission to change their account settings.

The changes — expected to impact tens of millions of users — were announced by Instagram head Adam Mosseri in a live interview on ABC News’ Good Morning America.

“They’re an automatic set of protections for teens that try to proactively address the top concerns that we’ve heard from parents about teens online,” Mosseri said on GMA. “Things like who can contact them, what content they see and how much time they spend on their device … all without requiring any involvement from the parent.”

Mosseri said the rollout of Teen Accounts starts Tuesday with new users signing up for the app, while existing teen users will see their accounts switch to the new Teen Accounts model within 60 days.

Among the changes put in place by Instagram include a new privacy setting that, by default, places all teen users in private accounts. In order to switch to a public account, teens under age 16 will need a parent’s permission.

Under the private account setting, teens will need to accept new followers and only people whom they accept as followers can see their content and interact with them.

In addition, teen users will now automatically only be able to message with people they follow, or are already connected to, and parents will have a new tool in their settings that allows them to see with whom their teen has recently been messaging.

With the new accounts, teens will have the power to choose the age-appropriate topics they want to see more of on Instagram, like sports or art, and parents will also be able to see the topics their teens choose.

In order to limit the amount of time spent on Instagram, all Teen Accounts will be placed in “sleep mode” between 10 p.m. and 7 a.m., while parents can also adjust their child’s time settings — including limiting access completely overnight — in the parental supervision tool.

Another change for Teen Accounts is that they will automatically be placed in more restrictive content settings, which will limit the content they see in search functions like Reels or Explore from accounts they don’t follow, according to Instagram.

Antigone Davis, vice president and global head of safety for Meta, the parent company of Instagram, told GMA the company is also implementing new ways to verify users’ ages.

“We are building technology to try to identify if you’ve lied about your age and then move you into those stricter settings,” Davis said. “This is a challenging area for industry, which is why, on top of building that technology that will try to identify age liars and put them into those protective settings, we also will have moments where, if we get a strong signal, we will ask you to age verify.”

Davis said that parents will be able to monitor their teens’ account and adjust their settings from their own Instagram accounts.

“The idea is to really make it simpler, so they [parents] have their own center that they can go and look and see what the privacy setting is for their teen,” she said.

Changes spurred by parents and teens

The changes for teen Instagram users come amid mounting evidence showing the dangers of social media for young users.

Social media use is linked with symptoms of depression and anxiety, body image issues, and lower life satisfaction for some teens and adolescents, research shows. Heavy social media use around the time adolescents go through puberty is linked with lower life satisfaction one year later, one large study found.

U.S. Surgeon General Dr. Vivek Murthy, who previously issued an advisory highlighting a crisis in youth mental health, has said he believes being on social media “does a disservice” to kids early in their teen years. Noting the crisis among kids, the American Psychological Association last year issued the first guidance of its kind to help teens use social media safely.

In January, while testifying at a Senate hearing, Mark Zuckerberg, the CEO of Meta, publicly apologized to parents, caregivers and loved ones of young people who they say were harmed due to social media use, telling them, “It’s terrible. No one should have to go through the things that your families have suffered.”

In his apology, Zuckerberg also emphasized Meta’s efforts on safety, adding, “This is why we invest so much and are going to continue doing industry-leading efforts to make sure that no one has to go through the things your families have had to suffer.”

Davis said the newly-announced changes to Instagram for teen users came after conversations with parents and teenagers around the world.

She said the company focused on making it simpler for parents to know how, when, and with whom their teens are engaging on Instagram.

“We’ve had these incremental changes along the way as we’ve been working back and forth with parents and experts,” Davis said of previous safety changes for teen users. “What we’re really trying to do here is standardize a lot of this approach.”

She added of the new features, “There are these broad protections that we have in place, and if your teen wants to change them, and they’re under the age of 16, they have to come to you for permission, they’ve got to invite you in. It’s just a different way of thinking about things.”

Parents and caregivers as well as teens can learn more about Teen Accounts by visiting Instagram.com/teenaccounts.

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