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Rani Molla

Teens’ Instagram accounts get more restrictions, but only the concepts of a plan to find them

Three years after leaked documents showed that Meta knew Instagram was harming teen girls’ mental health and a year after more than 30 states sued the company alleging marketing practices that exploited young people, Instagram is making changes to teens’ accounts.

By default, “Teen Accounts” will be private, they will only be able to be messaged by people they’re connected to, and sensitive content like fighting and some cosmetic procedures will be restricted.

Parents will also be able to supervise who their teens are talking to and what topics their viewing, as well as set limits on how much time they spend on the app.

Of course parents can override these new restrictions and teens can lie about their age, but Instagram says it plans to use AI starting next year to figure out when people are lying about their age and “proactively find these teens and place them in the same protections offered by Teen Account settings.”

Parents will also be able to supervise who their teens are talking to and what topics their viewing, as well as set limits on how much time they spend on the app.

Of course parents can override these new restrictions and teens can lie about their age, but Instagram says it plans to use AI starting next year to figure out when people are lying about their age and “proactively find these teens and place them in the same protections offered by Teen Account settings.”

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Saleah Blancaflor

Prediction markets give slight edge to Netflix in Warner Bros. battle after eventful week

The ongoing bidding war between Paramount and Netflix for the acquisition of Warner Bros. Discovery had some significant news this week that could change the outcome:  

  • Things kicked off Tuesday, when WBD said in a statement it would resume talks with Paramount Skydance to consider its best and final offer after Netflix allowed a seven-day waiver. The WBD board continues to “unanimously recommend” the merger with Netflix, while the streaming service will retain its rights to match or exceed any forthcoming offer from Paramount. The negotiation period ends on February 23.

  • IndieWire reporter Brian Welk talked to a few experts about whether the new developments bring clarity to the ongoing bidding war. One professor said without Paramount offering its “best and final offer,” the company loses credibility, while another professor said it makes Netflix look even more confident. 

  • Lightshed Partners analyst Richard Greenfield said on his podcast that Paramount will have to raise its offer to as high as $36 to $37 per share. (The company has stuck to $30.) In comparison, Netflix’s initial offer is for $27.75 a share to buy the studio and streaming service, while Paramount is bidding to buy the whole company. 

  • Semafor reported Thursday morning that some Democratic senators are “unhappy” with the fact that Paramount Skydance CEO David Ellison refused to attend a hearing two weeks ago, and could launch an investigation into the deal if they retake the Senate.

  • Meanwhile, Reuters reported that Netflix has “ample cash” and could increase its offer for WBD if Paramount beefs up its own offer, according to sources. 

  • Netflix co-CEO Ted Sarandos recently appeared on a recent episode of “The Town with Matthew Belloni” to reiterate that he doesn’t plan on ruining WBD’s theatrical business model and promised to keep the 45-day theatrical window for WBD films, which could appease opposition from theater owners.

  • Variety reported that there’s been a shift among WBD employees who now support Netflix’s acquisition, though there’s still some skepticism among others.

WBD shareholders are still set to vote on the proposed Netflix merger next month, on March 20. Despite the renewed talks with Parmount, as of Friday at 12:45 p.m. ET, prediction markets speculating on who will ultimately come out on top have recently flipped to give the edge back to Netflix, pricing in a 46% chance over Paramount’s 44% odds. 

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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