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☆ TikTok knew its algorithm harmed kids, accidentally revealed internal documents show
▼ + stars: | 2024-10-11 | by ( Kenneth Niemeyer | Laura Italiano | ) www.businessinsider.com time to read: +6 min

Internal research accidentally revealed this week indicates TikTok knew its algorithm was harmful. Lawyers for children harmed by social media say the apps have long known they are hurting kids. According to NPR, TikTok's internal documents show officials at parent company ByteDance discussing internal studies that show the app can harm children. According to NPR, the unredacted internal documents show that TikTok touted its tools for limiting teens' screen time despite knowing from its own research that these features had "little impact." Matthew Bergman, a founding attorney of the Social Media Victims Law Center, which represents over 3,000 plaintiffs in cases of adolescents harmed by social media, told BI that the unsealed information is "certainly consistent with what we're seeing" across TikTok and other social media.

Persons: TikTok, —, Adam Wandt, John Jay, Wandt, Jayne Conroy, Simmons Hanly Conroy, Conroy, it's, Matthew Bergman, Bergman Organizations: Service, Kentucky Public Radio, NPR, John, John Jay College of Criminal, Social Media, Law Center

☆ Sealed TikTok court documents show time limit tool effectively did nothing to reduce teen usage — NPR
▼ + stars: | 2024-10-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —A screen-time limit tool on TikTok doesn’t work in limiting teen usage, the company’s own analysis reportedly found, according to in unredacted documents accidentally revealed as part of a major lawsuit. One issue revolves around TikTok’s effects on teenagers scrolling on the app for several hours, which could be harmful to their mental health. Following public scrutiny about the app’s effects on vulnerable people, TikTok released time management tools for users under 18 years old. Friday’s report from NPR and KPR came after the Kentucky Attorney General’s office accidentally filed unredacted versions of its legal filing against TikTok. We provide robust safeguards, proactively remove suspected underage users, and have voluntarily launched safety features.”

Persons: ”, TikTok, “, KPR, Alex Haurek, “ We’re Organizations: New, New York CNN, Kentucky Public, NPR, CNN, TikTok, Kentucky Attorney Locations: New York

☆ States have been eliminating taxes on period products for years. Here’s where you'll still pay them.
▼ + stars: | 2024-01-10 | by ( Aria Bendix | Joe Murphy | ) www.cnbc.com time to read: +6 min

Texas was the most recent: Since September, there has been no state sales tax on period products there. Over the last four decades, states with sales tax have been enacting laws that eliminate such taxes on menstrual products. Most states don't tax certain essential goods, such as grocery store produce, canned food and prescription medicines. "It's like, 'Do I spend money on gas to get to school or do I buy period products? In the future, states might also consider bills that make period products free in public restrooms, she added.

Persons: Lacey Gero, We've, Lisa Willner, bode, Jhumka Gupta, Gero, Willner, that's Organizations: Republican, Democrat, Alliance, George Mason University, Kentucky, D.C Locations: Alaska , Delaware , Montana , New Hampshire, Oregon, Texas, Kentucky, Minnesota, Washington, U.S, Alabama, Arizona , Michigan, New Mexico , New Jersey, Ohio, Ann Arbor , Michigan

☆ These utilities can withstand the pain as higher interest rates weigh on the sector, says Bank of America
▼ + stars: | 2023-10-24 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Utilities, beloved for their dividend payments, are under pressure in today's high rate environment, but a few gems stand out in the tarnished sector, according to Bank of America. The sector has suffered through 2023, shedding 16%, as the Federal Reserve continues to roll out its policy-tightening campaign. But there are a few opportunities in the sector, even as Bank of America says utilities aren't particularly compelling now. Both are also deemed top buys by Bank of America. PG & E has a California rate case development coming on Nov. 2, when the California Public Utilities Commission will be meeting.

Persons: Julien Dumoulin, Smith, ConEd, Michael Bloom Organizations: Bank of America, Federal Reserve, Consolidated Edison, E Corporation, PPL Corporation, California Public Utilities Commission, Kentucky Public Service Commission, PPL Locations: California, Kentucky

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