
Sam Mendoza
shared a link post in group #Digital Wellness 📱🧘
Ever wonder how valuable young users are to social media companies? A new Harvard study has the answer, calculating how much social media apps made from advertising that targeted minors in 2022: $11 billion.
Meanwhile, more and more states are passing laws that force social media companies to go further in protecting their child users. But their efforts won’t be easy. In 2021, California passed a law requiring companies like Meta to prioritize kids when they make new features; the law was temporarily blocked by a federal judge in September, and now languishes in legislative purgatory. Considering how much money these platforms make from minors, expect social media companies to put up a fight.
https://www.cbsnews.com/n..
#Digital Wellness 📱🧘

www.cbsnews.com
Social media apps made $11 billion from children and teens in 2022
Snaphat, TikTok, Youtube and others generated billions in profits last year from advertising targeting young users, a Harvard study shows.