New Social Media Restrictions for Children: Britain’s attempt to pave the way for a safer internet

(www.sheknows.com/parenting/articles/2036128/apple-removes-parental-control-apps/.,
kaspars Grinvalds/Shutterstock.)

This past Thursday Britain introduced a set of regulations designed to protect children online. Overnight platforms the likes of TikTok, Instagram, and Youtube have responded by doing just that threatened by the possibility of having to pay multimillion-dollar fines. Rather than applying the new mandatory “age-appropriate design code” specifically to the UK, the aforementioned social media platforms have opted to change internationally to meet this new standard. This meaningful change to the online landscape as brought on by the mid-sized country of Britain potentially signals a positive change for the global internet. This, in the way that it implies that the tech industry is no longer all but exempt from broader regulation. oddly enough this major online regulatory step was met with little attention despite the UK’s stated goal of becoming the “safest place in the world to be online”. The code in question was introduced as an amendment to the data protection act 2018, a technical piece of legislation intended mostly to implement GDPR into UK law. The code in question applies to all online services that are used by children and require that said services at least identify younger users and treat them with care. The code prohibits several predatory practices including. One, “nudge” techniques that encourage children to divulge more of their private information than is necessary. Two, anything considered to be more than the minimization of data harvesting from children. And Three, giving anything less than the maximum amount of security for children’s accounts. Where adamant lobbying opposing these regulations was expected the world’s largest companies have instead made substantial changes and, what’s more, insisted that they wanted to make this manner of change to their platforms all along. Whatever the next step is is controlled by the Information Commissioner’s Office or “ICO” as this party controls when and whether to enforce fines for breaches of this regulation. A major factor that is still up in the air is whether or not children will accept their being treated differently online or if they’ll just use their tech-savvy to skirt around regulation. Regardless of what it is children decide to do it is pivotal that the internet is acknowledged as curating the experience of childhood as we move further into the digital age.

This article interests me for the reason that it pertains to what I perceive to be positive broader internet regulation. This is because such change is rarely if ever properly enforced or implemented at all despite its growing importance. This article also interests me because of the broader implications of the implementation of software that is restrictive to children in an age where children are increasingly tech-savvy. This is to say that I think it’ll be interesting to see how children react to being given the power to restrict their own activity on the internet with the context that it’s “for their own good”.

Hern, Alex. “Social Media Giants Increase Global Child Safety after UK Regulations Introduced.” The Guardian, Guardian News and Media, 5 Sept. 2021, http://www.theguardian.com/media/2021/sep/05/social-media-giants-increase-global-child-safety-after-uk-regulations-introduced.

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GameStop Won’t Stop:The Stock Market Enigma with a Reddit Based Cult Following

Cohen, R. (2021, July 20). Pg-13 pic.twitter.com/b2hraf1yfr. Twitter. https://twitter.com/ryancohen/status/1417315406272864258.
u/shadowman48ped. (2021, June 25). r/Superstonk – just a reminder for apes going into Monday after a crazy weekend. reddit. https://www.reddit.com/r/Superstonk/comments/omy6t7/just_a_reminder_for_apes_going_into_monday_after/.

The original “Meme Stock” GameStop (NYSE: GME) has been experiencing price fluctuations since early 2021 that have consistently baffled experts. Hot off the heels of having increased a slight excess of 30% in price on August 23rd 1.59 million dollars worth of GameStop calls were purchased in expectation for its price going even higher. GameStop’s price movement is attributed to the massive following the stock has gained as a short squeeze target on social media platforms such as Reddit. This attention has notably been welcomed by GameStop’s new Chairmen Ryan Cohen who has consistently tweeted out cryptic pictures, gifs, and videos that correlate with GameStop’s positive price progression, each of which has received hundreds to thousands of likes. As of late May, short-sellers had lost 6.7 billion dollars because of their betting against GameStop. Despite GameStop’s current apparent price ceiling at 300 dollars, it’s not unreasonable to assume that it could permanently blast past it before year’s end. Still, some are waiting for GameStop to plummet back to earth sighting the fact that they don’t believe the company’s stock price should be at 200 dollars given its negative per-share earnings profile. However, people with this stance have not done well historically and it is generally advised not to bet against GameStop right now.

I’ve been following what has come to be known as the “GameStop Saga” since mid-April through the multiple GameStop related subreddits including SuperStonk, DDintoGME, and GMEjungle. As of writing this the most prominent subreddit, Superstonk has 599,402 individual users a relatively small number of whom post “dd” or “due diligence” regarding progression to an event called the “Moass” or “Mother of All Short Squeezes”. During the Moass it is believed within these circles that the price of GameStop’s stock will rise to previously unthinkable highs driven by a myriad of factors that have yet to be acknowledged in the mainstream. The belief in the Moass has notably been spurred on by Ryan Cohen in his aforementioned cryptic tweets. These tweets being promptly decoded by the Reddit community immediately after their being posted. Linked below is a brief overview of the circumstances that are leading people to believe the Moass is inevitable. I have to note that none of this is financial advice.

September 1, 2021 David Moadel, et al. “It’s Time to Face the Truth — Gamestop Stock Is Unstoppable.” InvestorPlace, 1 Sept. 2021, investorplace.com/2021/09/time-to-face-the-truth-gme-stock-is-unstoppable-gamestop

u/Doom_Douche. (2021, April 27). r/Superstonk – why the “dumb money” is still betting on GameStop. reddit. https://www.reddit.com/r/Superstonk/comments/nkqai5/why_the_dumb_money_is_still_betting_on_gamestop/?utm_source=share&utm_medium=ios_app&utm_name=iossmf.