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Social media companies made $11B in ad revenue from minors

Social media platforms are not the first to advertise to children, and parents and experts have long expressed concerns about marketing to kids online, on television and even in schools. But online ads can be especially insidious because they can be targeted to children and because the line between ads and the content kids seek out is often blurry.
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Social media companies made $11 billion in US ad revenue from minors, Harvard study finds

A study from Harvard says social media companies collectively made over $11 billion in U.S. advertising revenue from minors last year. The researchers say the findings show a need for government regulation of social media since the companies that stand to make money from children who use their platforms have failed to meaningfully self-regulate. They also note such regulations, as well greater transparency from tech companies, could help alleviate harms to youth mental health. And curtail potent...
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