Connect with us

Business

Instagram Unveils New Features to Show Everyone It Really Cares About Teens’ Mental Health – Gizmodo

Published

 on


Image for article titled Instagram Unveils New Features to Show Everyone It Really Cares About Teens’ Mental Health
Illustration: Olivier Douliery / AFP (Getty Images)

Instagram wants you to know it really cares about teens’ mental health and safety, despite everything you may have heard. In fact, it’s rolling out a slew of new tools and features it says will protect teens that use its app.

Company head Adam Mosseri unveiled the new features for teens and parents in a blog post on Tuesday, one day before he’s set to testify before Congress, and also included measures the app will take to promote safety. Instagram’s announcement around teens comes amidst a public reckoning over its failure to protect its youngest users, even though it knew the app affected their mental health.

For teens, Mosseri said Instagram will be launching tools to help them “better manage” their experience on the app. This includes rolling out the previously announced “Take a Break” feature, which encourages young users to close Instagram if they’ve spent too much time on it, to the U.S., UK, Ireland, Canada, New Zealand, and Australia. The feature was available to users in these countries on Tuesday.

Teens will also be able to delete content they’ve posted in bulk, including photos, videos, likes, and comments. Mosseri said this tool, which will roll out in January for all users, will allow teens to “manage their digital footprint” and help them understand what information others can see about them. I will give Instagram credit on this one. Everyone says and does stupid things when they’re young (or not so young), and they should be able to take quick action to rectify and learn from those mistakes.

In addition to features for teens, Instagram will unveil its first features and tools for parents and guardians in March that will let them “guide and support their teens” on the app. This mainly seems to consist of reports on how much time individual teens spend on Instagram and the option to limit their time on the app, according to the blog post. Teens will also have the option to have the app notify their parents when they report someone.

Finally, Mosseri laid out what Instagram would do on its end to create a safer experience for teens on the app. He said it will prevent people from tagging or mentioning teens on the platform if the teens don’t follow them and “be stricter” about what it recommends to teens in various parts of the app, such as Explore, Hashtags, and Suggested Accounts.

Instagram is also looking into expanding its “Limit Even More” content control feature for teens, Mosseri said, which allows users to reduce the amount of sensitive content they see in the Explore part of the app. The company is considering expanding this limitation to beyond Explore. In addition, it’s building a feature that will “nudge” users to different topics if they’ve been dwelling on one for too long.

“I’m proud that our platform is a place where teens can spend time with the people they care about, explore their interests, and explore who they are,” Mosseri wrote. “I want to make sure that it stays that way, which means above all keeping them safe on Instagram.”

The Instagram head added that the company would continue doing research, consulting with experts, and testing out new concepts “to better serve teens.”

Well, to clarify, the company was basically forced into better serving teens due to public pressure. And it’s still got a long way to go. On Tuesday, new research by the Tech Transparency Project found that Instagram is encouraging teens to buy drugs and connecting them with dealers.

Mosseri is scheduled to testify before the Senate Commerce Committee’s Subcommittee on Consumer Protection on Wednesday about Instagram’s impact on teens’ mental health and wellbeing. You can watch the livestream here beginning at 2:30 ET.

Adblock test (Why?)



Source link

Continue Reading

Business

Ackman’s Pershing Square takes new position in Netflix

Published

 on

Billionaire investor William Ackman has built a new stake in streaming service Netflix Inc worth more than $1 billion since its stock price tumbled starting last Thursday.

Ackman told investors that his hedge fund, Pershing Square Capital Management, started buying on Friday and now owns more than 3.1 million shares in Netflix, making Pershing Square a top 20 shareholder.

In a letter to his clients, Ackman praised the company’s “best-in-class management team” and on Twitter the manager said he has long admired Netflix CEO Reed Hastings and the “remarkable company he and his team have built.”

Netflix shares climbed as much as 5% in after-hours trading. They had tumbled more than 30% in the last five days, a much steeper swoom than the broader market. After the market closed last Thursday, Netflix forecast weak subscriber growth.

Ackman, whose firm invests $22.5 billion, wrote that he had been analyzing Netflix at the same time he was investing in Universal Music Group and was ready to buy when Netflix’ “stock price declined sharply last Friday.”

“Now with both UMG and Netflix, we are all-in on streaming as we love the business models, the industry contexts, and the management teams leading these remarkable organizations.”

To raise the cash to make the Netflix purchase, Ackman said the firm unwound a big piece of its interest rate hedge which generated profits of $1.25 billion.

He said that if he had not sold the hedge, his performance would have been better. His Pershing Square Holdings lost 13.8% in the first three weeks January, the worst start to a year for the manager in years.

Last year Ackman posted a gain of 26.9% after the fund surged 70.2% in 2020.

Ackman said Netflix benefits from highly recurring revenues, adding the company has pricing power and delivers industry-leading content.

Pershing Square traditionally holds only a small number of investments which currently include Lowe’s, Chipotle Mexican Grill, and Dominos Pizza Inc.

He said these companies are high quality businesses that can withstand inflationary pressures because they are able price their products to preserve profits.

Netflix’ stock price surged during the pandemic as live performances were shut down and movie theaters were largely off limits.

The company has been a favorite with prominent investors before. Roughly a decade ago Carl Icahn, an activist investor like Ackman, took a 10% position in Netflix and thought the company might need to sell itself to a technology company as its shares were undervalued. Ackman, who has pushed other companies to perform better, appears to be approaching this investment as a friendly investor. “We are delighted that the market has presented us with this opportunity,” he wrote on Twitter.

(Reporting by Svea Herbst-Bayliss; Editing by Leslie Adler, Mark Porter and David Gregorio)

Continue Reading

Business

Casual denim trend, higher prices fuel Levi’s upbeat forecast

Published

 on

Levi Strauss & Co forecast annual sales and profit above analysts’ estimates after topping quarterly results on Wednesday, bolstered by higher prices and strong demand for its jeans and jackets, sending its shares up 8% after the bell.

People shopping for casual outdoor clothing as pandemic restrictions eased and a resurgence in retro fashion styles such as high-rise and loose-fitting jeans have buoyed demand for the company’s denims.

The Signature and Levi’s 501 jeans maker said it expects revenue between $6.4 billion and $6.5 billion in fiscal year 2022, compared with analysts’ estimates of $6.37 billion, according to Refinitiv IBES data.

The robust demand has, however, coincided with increased production and shipping costs, forcing companies to raise prices to offset the inflationary pressures.

Levi plans to raise prices further in 2022 and beyond, Chief Executive Officer Chip Bergh said on a call with analysts, adding that demand outstripped supply in the quarter due to supply chain snarls.

Lower promotions, more full-price selling and the reopening of its European and Asian markets also lifted the Denizen brand owner’s sales in the reported quarter.

Compared to pre-pandemic levels, Asia net revenue was flat in the three months ended Nov. 28, recovering from a 23% slump reported in the third quarter.

Net revenue rose 22% to $1.69 billion in the fourth quarter, edging past analysts’ estimate of $1.68 billion.

Excluding items, Levi earned 41 cents per share, a cent above expectations.

Holiday season sales came in above its expectations, the company said, in contrast to downbeat estimates from retailers including Lululemon Athletica Inc and Abercrombie & Fitch Co.

San Francisco-based Levi expects adjusted full-year profit per share between $1.50 and $1.56, compared with estimates of $1.52.

(Reporting by Deborah Sophia in Bengaluru; Editing by Vinay Dwivedi and Sriraj Kalluvila)

Continue Reading

Business

A third of airline pilots still not flying as pandemic drags on -survey

Published

 on

More than one-third of airline pilots are still not flying as the pandemic continues to take its toll on aviation globally, according to a new survey, though the situation has improved from a year earlier when the majority were grounded.

A poll of more than 1700 pilots by UK-based GOOSE Recruitment and industry publication FlightGlobal, released on Wednesday, found 62% globally were employed and currently flying, up from 43% a year earlier.

The proportion of unemployed pilots fell from 30% to 20%, while 6% were on furlough, compared with 17% previously as air traffic began to bounce back from 2020 lows.

But in the Asia-Pacific region, the worst-hit globally by a drop in international travel due to tough border restrictions, the proportion of those unemployed rose from 23% to 25%. The region also had the lowest number that were employed flying at 53%.

“We have … seen some expatriates return home from the region due to concerns over quarantine or being stuck for long periods away from friends and family,” the report on the survey said.

Hong Kong’s Cathay Pacific Airways, a large expatriate employer in Asia, has lost hundreds of pilots through the closure of its Cathay Dragon regional arm as well as almost all of its overseas bases during the pandemic.

Pilot attrition at Cathay has also been rising amid strict layover rules that leave crew members locked https://www.reuters.com/world/asia-pacific/locked-hotels-hong-kongs-covid-19-rules-take-mental-toll-cathay-pilots-2021-11-26 in hotels when they are not flying.

Of the pilots still flying globally, 61% told the survey they were concerned about their job security.

“It appears only Northern America is back to post-COVID passenger numbers,” said an unnamed captain flying in the Middle East and Africa. “The rest of the world, especially developing nations, are still struggling to get vaccines, and are still not travelling.”

 

(Reporting by Jamie Freed in Sydney; Editing by David Gregorio)

Continue Reading

Trending