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The Case for Banning Children from Social Media

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12yearold boy looks at a smartphone screen.

 

Social media does seem uniquely harmful to young people, but it is also the way in which they express themselves and find friends and confidantes.Photograph by Matt Cardy / Getty

There are times when I wonder what it would take to separate my six-year-old daughter from her iPad. Like so many parents these days, my wife and I have ceded some of our child-raising duties to a device that, despite having multiple safeguards turned on, still has a terrifying proximity to all the worst things on the Internet. We set limits on it like a lot of other people do, and generally feel bad every time we see her with her nose buried in an episode of Pokemon or “Is It Cake?” (a game show in which contestants bake realistic cakes, and judges guess whether an object is cake or not). I feel bad because my kid is spending her days the same way I do: staring at a screen. But what I worry about more than anything is what will happen when she gets older, and her screens go from “Is It Cake?” to the chaos of social media.

Poll after poll shows that a lot of parents are worried about what their kids consume and how they communicate with one another on the Internet. Earlier this year, Vivek Murthy, the Surgeon General of the United States, said that he did not think children under the age of fourteen should have access to social media. Last month, the state of Utah passed two bills that address this concern, dramatically restricting kids’ access to social-media platforms. The new laws will require anyone under the age of eighteen to obtain parental permission to maintain or create accounts on any social-media site, and grant parents full access to their children’s accounts. There will also be a social-media curfew for minors, unless otherwise amended by their parents, and restrictions to make it more difficult for teens to send or receive messages from people outside of their existing networks. Additionally, any “addictive” features placed on these platforms would have to be removed from underage accounts. Details on how the state plans to enforce these policies are still hazy—most would involve the state fining or suing social-media companies—but there’s considerable support on both sides of the aisle for these kinds of restrictions. At the federal level, there is a bill floating around Congress called the Social Media Child Protection Act that proposes to do much of the same.

The civil-liberties implications of these restrictions are considerable and largely self-evident. The A.C.L.U.’s Speech, Privacy, and Technology project sent me a statement that said the Utah bill and many like it around the country would “restrict the ability of teenagers to explore and make up their own minds about everything from gender identity to safe sex to politics without parental knowledge or involvement.” Under the Utah law, an L.G.B.T.Q. child living in a household with disapproving parents might have fewer resources to find community and support because their parents would be able to look into their messages; children in abusive households would have a harder time using messaging platforms to seek help. Minors will also find it harder to access news. They will probably see fewer protests around the world and fewer videos that might inform them in one way or another, walling them off from online communities of people who care about the same things they do. They, in effect, will almost certainly be isolated from many of the ways people form political beliefs these days, especially those that fall outside of the mainstream.

The potential chilling effect of the Utah bill extends beyond children; its most galling civil-liberties concerns have implications for adults, too. Because Utah residents might have to verify their age using official government identification, adults without I.D.s may effectively be barred from creating social-media accounts as well. “Every adult will have to verify not just their age but their identity, because we don’t yet have a simple way of verifying your age without verifying your identity,” Ben Wizner, director of the American Civil Liberties Union’s Speech, Privacy, and Technology Project, told me. “It’s like getting carded to use the Internet.” Without any cover of anonymity or privacy, adults in Utah may become much more hesitant to express their beliefs online or to even seek out sources of information that might, for whatever reason, seem unseemly or potentially toxic. They will be much less likely to comment on anything, really, because they understand that their real identities have been linked to their accounts.

These bills will likely face considerable constitutional challenges. Previous attempts to block minors from accessing Web sites via broad legislation, including the Child Online Protection Act, from 1998, have been struck down on First Amendment grounds. Since social-media companies will have a difficult time knowing whether a child is in the state of Utah, especially with the proliferation of easy-to-use V.P.N.s that can mask a user’s location, it will be nearly impossible for a company like Twitter or Facebook to perfectly comply with the law. A host of other concerns remain unanswered: Will adults not be able to create private or secondary “burner” accounts and have to solely rely on I.D.-verified access? Will the state block access to social-media companies that do not comply?

Supporters of the bills may point out that movie ratings, which, in many instances, bar minors from entering screenings of R-rated films, have been part of our society for decades. But the Classification and Rating Administration (CARA)—the body responsible for ratings—is not part of the government, nor does the government have any real say in whether an unaccompanied minor can watch a film or not, regardless of its rating. That decision is made by private theatres that adhere to the CARA. The Utah bills mark something entirely different: the state telling private companies to effectively bar young people from engaging in speech.

How you feel about all this will likely come down to whether you believe that social-media platforms are addictive products—like cigarettes—marketed to kids or that they are vital and intractable parts of the national conversation. If they are just modern cigarettes, they can and should be regulated or even just outright banned for young people. But if they’re a vehicle for expression, then the government should do what it can to protect the free-speech rights of minors.

The difficulty, of course, is that these two visions of social media are not mutually exclusive in any way. Social media does seem uniquely harmful to young people, but it is also the way in which they express themselves and find friends and confidantes. Most people seem to agree that social media is bad for young people. They have read the studies about teen misery; they have witnessed some child or another being completely entranced by their phone. Most people also appear to agree that something should be done to protect kids from what sure seems like an addictive product. But almost none of those people really know what that something is, nor would they, presumably, be willing to curtail their own online consumption to help save the kids.

As such, the Utah bills could be seen as almost admirable—not for their actual specific actions, which are just too unconstitutional and logistically clunky to be taken seriously, but for the simple fact that they are trying to use the powers of government to address a societal problem. They are treating social-media platforms as if they were a harmful, addictive substance and are effectively arguing that it’s worth curtailing civil liberties for the betterment of society. In doing so, they have asked a provocative question about whether the government should distinguish between the vessel for speech from the speech acts that are performed within it. Sometime in the near future, I imagine a host of politicians will follow Utah’s lead and call for stricter regulation for kids.

President Biden has already made considerable gestures—although it should be said, not much more than gestures—at either revoking or reforming Section 230, the current law that gives Internet companies a level of legal immunity against the things that are said on their platforms. A bipartisan push in the name of protecting the children and scaling back the power of social media would likely be politically popular, but would, in all likelihood, immediately be challenged in the courts. This February, the court heard arguments in Gonzalez v. Google and Twitter v. Taamneh, and while neither case is expected to yield a sweeping decision on Section 230, both will likely signal how the justices feel, in general, about weighing speech demands against perceived liability. A repeat of the nineties, when concerned lawmakers tried to legislate online protections in the name of child safety but were ultimately struck down by the courts, seems well within the realm of possibility.

If we cannot legally restrict social-media companies from children without stomping all over the First Amendment and creating a nightmare for any adult who wants to log in to a site without submitting their government I.D.—and I really don’t think we can—it will be up to state and cultural institutions to put out as much anti-social-media messaging as possible, much like they did with smoking. But they will likely have to act without judicial support, which, when it came to cigarettes, allowed for a host of taxes and restrictions on Big Tobacco. Even then, it seems unlikely that messaging alone can work against the allure of social media, especially if adults never turn it down themselves. Parents, myself included, may just have to do the unthinkable and rip the screens out of children’s hands and our own. ♦

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Trump could cash out his DJT stock within weeks. Here’s what happens if he sells

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Former President Donald Trump is on the brink of a significant financial decision that could have far-reaching implications for both his personal wealth and the future of his fledgling social media company, Trump Media & Technology Group (TMTG). As the lockup period on his shares in TMTG, which owns Truth Social, nears its end, Trump could soon be free to sell his substantial stake in the company. However, the potential payday, which makes up a large portion of his net worth, comes with considerable risks for Trump and his supporters.

Trump’s stake in TMTG comprises nearly 59% of the company, amounting to 114,750,000 shares. As of now, this holding is valued at approximately $2.6 billion. These shares are currently under a lockup agreement, a common feature of initial public offerings (IPOs), designed to prevent company insiders from immediately selling their shares and potentially destabilizing the stock. The lockup, which began after TMTG’s merger with a special purpose acquisition company (SPAC), is set to expire on September 25, though it could end earlier if certain conditions are met.

Should Trump decide to sell his shares after the lockup expires, the market could respond in unpredictable ways. The sale of a substantial number of shares by a major stakeholder like Trump could flood the market, potentially driving down the stock price. Daniel Bradley, a finance professor at the University of South Florida, suggests that the market might react negatively to such a large sale, particularly if there aren’t enough buyers to absorb the supply. This could lead to a sharp decline in the stock’s value, impacting both Trump’s personal wealth and the company’s market standing.

Moreover, Trump’s involvement in Truth Social has been a key driver of investor interest. The platform, marketed as a free speech alternative to mainstream social media, has attracted a loyal user base largely due to Trump’s presence. If Trump were to sell his stake, it might signal a lack of confidence in the company, potentially shaking investor confidence and further depressing the stock price.

Trump’s decision is also influenced by his ongoing legal battles, which have already cost him over $100 million in legal fees. Selling his shares could provide a significant financial boost, helping him cover these mounting expenses. However, this move could also have political ramifications, especially as he continues his bid for the Republican nomination in the 2024 presidential race.

Trump Media’s success is closely tied to Trump’s political fortunes. The company’s stock has shown volatility in response to developments in the presidential race, with Trump’s chances of winning having a direct impact on the stock’s value. If Trump sells his stake, it could be interpreted as a lack of confidence in his own political future, potentially undermining both his campaign and the company’s prospects.

Truth Social, the flagship product of TMTG, has faced challenges in generating traffic and advertising revenue, especially compared to established social media giants like X (formerly Twitter) and Facebook. Despite this, the company’s valuation has remained high, fueled by investor speculation on Trump’s political future. If Trump remains in the race and manages to secure the presidency, the value of his shares could increase. Conversely, any missteps on the campaign trail could have the opposite effect, further destabilizing the stock.

As the lockup period comes to an end, Trump faces a critical decision that could shape the future of both his personal finances and Truth Social. Whether he chooses to hold onto his shares or cash out, the outcome will likely have significant consequences for the company, its investors, and Trump’s political aspirations.

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Arizona man accused of social media threats to Trump is arrested

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Cochise County, AZ — Law enforcement officials in Arizona have apprehended Ronald Lee Syvrud, a 66-year-old resident of Cochise County, after a manhunt was launched following alleged death threats he made against former President Donald Trump. The threats reportedly surfaced in social media posts over the past two weeks, as Trump visited the US-Mexico border in Cochise County on Thursday.

Syvrud, who hails from Benson, Arizona, located about 50 miles southeast of Tucson, was captured by the Cochise County Sheriff’s Office on Thursday afternoon. The Sheriff’s Office confirmed his arrest, stating, “This subject has been taken into custody without incident.”

In addition to the alleged threats against Trump, Syvrud is wanted for multiple offences, including failure to register as a sex offender. He also faces several warrants in both Wisconsin and Arizona, including charges for driving under the influence and a felony hit-and-run.

The timing of the arrest coincided with Trump’s visit to Cochise County, where he toured the US-Mexico border. During his visit, Trump addressed the ongoing border issues and criticized his political rival, Democratic presidential nominee Kamala Harris, for what he described as lax immigration policies. When asked by reporters about the ongoing manhunt for Syvrud, Trump responded, “No, I have not heard that, but I am not that surprised and the reason is because I want to do things that are very bad for the bad guys.”

This incident marks the latest in a series of threats against political figures during the current election cycle. Just earlier this month, a 66-year-old Virginia man was arrested on suspicion of making death threats against Vice President Kamala Harris and other public officials.

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Trump Media & Technology Group Faces Declining Stock Amid Financial Struggles and Increased Competition

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Tech News in Canada

Trump Media & Technology Group’s stock has taken a significant hit, dropping more than 11% this week following a disappointing earnings report and the return of former U.S. President Donald Trump to the rival social media platform X, formerly known as Twitter. This decline is part of a broader downward trend for the parent company of Truth Social, with the stock plummeting nearly 43% since mid-July. Despite the sharp decline, some investors remain unfazed, expressing continued optimism for the company’s financial future or standing by their investment as a show of political support for Trump.

One such investor, Todd Schlanger, an interior designer from West Palm Beach, explained his commitment to the stock, stating, “I’m a Republican, so I supported him. When I found out about the stock, I got involved because I support the company and believe in free speech.” Schlanger, who owns around 1,000 shares, is a regular user of Truth Social and is excited about the company’s future, particularly its plans to expand its streaming services. He believes Truth Social has the potential to be as strong as Facebook or X, despite the stock’s recent struggles.

However, Truth Social’s stock performance is deeply tied to Trump’s political influence and the company’s ability to generate sustainable revenue, which has proven challenging. An earnings report released last Friday showed the company lost over $16 million in the three-month period ending in June. Revenue dropped by 30%, down to approximately $836,000 compared to $1.2 million during the same period last year.

In response to the earnings report, Truth Social CEO Devin Nunes emphasized the company’s strong cash position, highlighting $344 million in cash reserves and no debt. He also reiterated the company’s commitment to free speech, stating, “From the beginning, it was our intention to make Truth Social an impenetrable beachhead of free speech, and by taking extraordinary steps to minimize our reliance on Big Tech, that is exactly what we are doing.”

Despite these assurances, investors reacted negatively to the quarterly report, leading to a steep drop in stock price. The situation was further complicated by Trump’s return to X, where he posted for the first time in a year. Trump’s exclusivity agreement with Trump Media & Technology Group mandates that he posts personal content first on Truth Social. However, he is allowed to make politically related posts on other social media platforms, which he did earlier this week, potentially drawing users away from Truth Social.

For investors like Teri Lynn Roberson, who purchased shares near the company’s peak after it went public in March, the decline in stock value has been disheartening. However, Roberson remains unbothered by the poor performance, saying her investment was more about supporting Trump than making money. “I’m way at a loss, but I am OK with that. I am just watching it for fun,” Roberson said, adding that she sees Trump’s return to X as a positive move that could expand his reach beyond Truth Social’s “echo chamber.”

The stock’s performance holds significant financial implications for Trump himself, as he owns a 65% stake in Trump Media & Technology Group. According to Fortune, this stake represents a substantial portion of his net worth, which could be vulnerable if the company continues to struggle financially.

Analysts have described Truth Social as a “meme stock,” similar to companies like GameStop and AMC that saw their stock prices driven by ideological investments rather than business fundamentals. Tyler Richey, an analyst at Sevens Report Research, noted that the stock has ebbed and flowed based on sentiment toward Trump. He pointed out that the recent decline coincided with the rise of U.S. Vice President Kamala Harris as the Democratic presidential nominee, which may have dampened perceptions of Trump’s 2024 election prospects.

Jay Ritter, a finance professor at the University of Florida, offered a grim long-term outlook for Truth Social, suggesting that the stock would likely remain volatile, but with an overall downward trend. “What’s lacking for the true believer in the company story is, ‘OK, where is the business strategy that will be generating revenue?'” Ritter said, highlighting the company’s struggle to produce a sustainable business model.

Still, for some investors, like Michael Rogers, a masonry company owner in North Carolina, their support for Trump Media & Technology Group is unwavering. Rogers, who owns over 10,000 shares, said he invested in the company both as a show of support for Trump and because of his belief in the company’s financial future. Despite concerns about the company’s revenue challenges, Rogers expressed confidence in the business, stating, “I’m in it for the long haul.”

Not all investors are as confident. Mitchell Standley, who made a significant return on his investment earlier this year by capitalizing on the hype surrounding Trump Media’s planned merger with Digital World Acquisition Corporation, has since moved on. “It was basically just a pump and dump,” Standley told ABC News. “I knew that once they merged, all of his supporters were going to dump a bunch of money into it and buy it up.” Now, Standley is staying away from the company, citing the lack of business fundamentals as the reason for his exit.

Truth Social’s future remains uncertain as it continues to struggle with financial losses and faces stiff competition from established social media platforms. While its user base and investor sentiment are bolstered by Trump’s political following, the company’s long-term viability will depend on its ability to create a sustainable revenue stream and maintain relevance in a crowded digital landscape.

As the company seeks to stabilize, the question remains whether its appeal to Trump’s supporters can translate into financial success or whether it will remain a volatile stock driven more by ideology than business fundamentals.

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