Big Tech CEOs spoke to lawmakers Wednesday to address safety concerns for children and teenage users on social media platforms. Meta (META) CEO Mark Zuckerberg even apologized to families before the Senate Judiciary Board.
Wall Street Journal Tech Reporter Jeff Horwitz joins Yahoo Finance Live to discuss the hearings, noting regulation of social media has been “very limited” so far.
Horwitz said there’s “a consensus” on the need for platforms to invest more and “be more thoughtful in their feature designs” to improve protections. However, he questioned whether the current Congress is “well-suited to this field of regulation” given the number of older membership.
Horwitz highlighted Meta research revealing “known” and “foreseeable” mental health risks from using their platforms under “certain circumstances.”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor’s note: This article was written by Angel Smith