Technologies
Instagram CEO testifies before Congress for the first time: 5 takeaways
US lawmakers expressed their distrust in the company even as the executive tried to assure them the company was committed to keeping young users safe.
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Near the end of a more than two-hour congressional hearing, Sen. Marsha Blackburn gave Instagram CEO Adam Mosseri a chance to speak directly to parents whose children have been harmed by the platform.
«We’re not talking to people that have ever had any kind of response from Instagram and you have broken these children’s lives and you have broken these parents’ hearts,» Blackburn, a Tennessee Republican, told Mosseri on Wednesday.
«To any parent who’s lost a child or even had a child hurt themselves, I can’t begin to imagine what that would be like for one of my three boys. As the head of Instagram, it’s my responsibility to do all I can to keep people safe. I’ve been committed to that for years. I’m going to continue to do so,» Mosseri responded.
US lawmakers weren’t satisfied with Mosseri’s reply. The executive was testifying during a Senate hearing, titled «Protecting Kids Online: Instagram and Reforms for Young Users,» that focused on what Instagram, which is owned by Meta, knows about the impact of its service on young people. Mosseri’s testimony comes at an uncomfortable moment for Instagram and Facebook, which rebranded itself as Meta. Frances Haugen, a former Facebook product manager turned whistleblower, leaked a trove of internal research to Congress and the US Securities and Exchange Commission before leaving the company in May.
Lawmakers still don’t trust Instagram to self-regulate
Lawmakers kicked off the hearing by expressing their frustration that not much has changed to safeguard children online. In September, Antigone Davis, who runs Facebook’s global safety operations, appeared before the same subcommittee. The Senate panel also held a hearing in October about online child safety with executives from Snapchat, TikTok and Google-owned YouTube.
Sen. Richard Blumenthal, a Connecticut Democrat, said his office created a fake Instagram account on a Monday for a teenager and the user was still shown recommendations for eating disorder content. The example was one of several anecdotes lawmakers brought up to illustrate how enforcement of Instagram’s rules falls short.
«The resounding bipartisan message from this committee is legislation is coming. We can’t rely on trust anymore. We can’t rely on self policing. It’s what parents and our children are demanding,» he said.
Ahead of the hearing, Instagram also announced new tools, including a feature that reminds people to take a break from the platform, to demonstrate that the company is serious about the mental health of its users.
Blumenthal said the new safety tools Instagram released «fall way short of what we need» — and should have been released earlier.
Instagram pushes for the creation of an industry body
Mosseri told US lawmakers that keeping young people safe online is «not just about one company.» One idea he pushed during the hearing is the creation of an industry body to determine best practices for protecting young people online such as how to verify a user’s age and to build parental controls.
Citing a survey from Forrester, Mosseri also noted it appears that more teens are using short-form video app TikTok and Google-owned YouTube more than Instagram.
Companies like Instagram «should have to adhere to these standards» to earn protections under Section 230, a federal law that shields online platforms from liability for user-generated content, he said.
Sen. Ed Markey, a Massachusetts Democrat, and other lawmakers didn’t appear to support that idea.
«Your idea of regulation is an industry group creating standards that your company follows. That’s self regulation, that status quo and that just won’t cut it,» Markey said.
Instagram Kids isn’t permanently off the table
In September, Instagram said it was pausing the development of a version of the photo-sharing app for children under 13-years-old known as Instagram Kids. Instagram says the project is meant to give parents more control over the social media usage of kids between the ages of 10 to 12 years old who may already be on the app.
But the project raised concerns from child advocacy groups who say kids aren’t developmentally equipped to deal with the social comparison and mental health risks that come with being on Instagram.
During the hearing, Blumenthal asked if Mosseri would commit to permanently pause Instagram Kids. Mosseri said what he could commit to is that no child between the ages of 10 to 12 if the company ever managed to build Instagram Kids would have access to the «without their explicit parental consent.»
Teen accounts created on the web don’t default to private
Instagram said in July that users under the age of 16, or 18 in some countries, will have their accounts set to private by default.
Blackburn, though, pointed out her staff created a fake Instagram account for a 15-year-old girl but it defaulted as public not private.
«While Instagram is touting all these safety measures, they aren’t even making sure the safety measures are in effect,» she said.
Mosseri said accounts for teenagers created on a mobile device do default to private but that’s not the case when accounts are created on the web.
«We will correct that quickly,» he said.
Instagram could bring back the chronological feed next year
Mosseri said during the hearing he thinks users should have more control over their experience on Instagram, including the ability to view their feed chronologically. The company got rid of the chronological feed in 2016 and shows posts that users are more likely to be interested in based on activity such as what users «liked.»
Instagram is working on a way to pick the people users want to see at the top of their feed and a chronological version of Instagram.
«I wish I had a specific month to tell you right now, but right now we’re targeting the first quarter of next year,» Mosseri said.
Technologies
Verum Coin is now available for deposit and swap on Crypto.com!
Verum Coin is now available for deposit and swap on Crypto.com!
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We are excited to announce that Verum Coin (VERUM) can now be deposited and exchanged on one of the leading cryptocurrency platforms, Crypto.com! This opens up new opportunities for users looking to integrate Verum Coin into their portfolios and participate in seamless liquidity operations.
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Technologies
Worldwide Financial Services Directory: BitcoinPay Trade Joins Financial1000
Worldwide Financial Services Directory: BitcoinPay Trade Joins Financial1000
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Exciting news for BitcoinPay Trade as the company is officially listed on Financial1000, a respected platform that connects individuals with a wide range of businesses and professionals in the financial sector. This new development marks an important milestone for BitcoinPay Trade, as it continues to expand its reach and offer its services to a growing global audience.
Financial1000 is a trusted directory that brings together financial service providers from around the world, offering users the opportunity to explore various businesses and professionals within the financial industry. BitcoinPay Trade’s inclusion on this platform ensures the company’s place in the rapidly growing digital finance landscape.
Visitors are invited to explore BitcoinPay Trade’s profile on Financial1000 to discover the services offered and stay up-to-date with the latest news and developments. The company’s page can be accessed here: BitcoinPay Trade on Financial1000.
With this new addition, BitcoinPay Trade looks forward to building new connections and strengthening its presence in the financial services industry, continuing to provide innovative solutions to clients worldwide.
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Verum Coin (VERUM) continues to expand its ecosystem and strengthen its position in the global cryptocurrency market. We are delighted to announce that Verum Coin is now available on HB Wallet — a modern, secure, and user-friendly solution for managing digital assets.
HB Wallet provides users with a high level of protection, an intuitive interface, and the ability to execute fast transactions. Now, Verum Coin holders can easily store, send, and receive their assets, taking advantage of this innovative wallet. The integration with HB Wallet opens new horizons for crypto enthusiasts, offering even greater flexibility and convenience in managing their investments.
This news underscores Verum Coin’s commitment to continuous improvement and the expansion of services aimed at providing the most secure and comfortable experience for users around the world.
About Verum Coin
Verum Coin is an innovative cryptocurrency focused on delivering advanced solutions for digital asset management in today’s financial landscape. By continually expanding its ecosystem, Verum Coin makes cryptocurrency transactions more accessible and convenient for users worldwide.
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