00:00It's Benzinga, and here's what's on the block.
00:03Meta is introducing new privacy settings on Instagram, making teen accounts private by
00:07default to enhance safety.
00:09The changes, effective in the US, UK, Canada, and Australia, will impact users under 18,
00:15with rollouts planned for the EU later this year.
00:18Teens with existing accounts will be moved to restricted settings over the next 60 days.
00:22The new settings restrict direct messaging, limit sensitive content, and introduce sleep
00:26mode.
00:27Many argue these updates are insufficient and serve to self-regulate without meaningful
00:31oversight as Meta faces lawsuits over the mental health impact of its platforms on users.
00:36For all things money, visit Benzinga.com.
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