Dec 4, 2018

The internet reckons with kids

Photo: BSIP/UIG via Getty Images

Oath, the Verizon media unit that houses digital brands like Yahoo, AOL and HuffPost, has agreed to pay $5 million to settle charges from the New York attorney general that alleged the media company’s online advertising business was violating a federal children’s privacy law, per The New York Times.

Why it matters: This is an example of how major internet companies are grappling with an online world that needs to be safeguarded for children.

Details: The notice comes just hours after Oath announced that its blogging site, Tumblr, would remove and ban all adult content beginning Dec. 17th in part to make the site more friendly to all age demographics.

"This announcement (the ad settlement) highlights how all the mainstream adtech players (e.g. AOL/Google/FB) are struggling with the fact that their platforms, built originally to leverage personal data on adults, are now being overrun by children who need the exact opposite strategy."
Dylan Collins, CEO SuperAwesome, the 'kidtech' platform used by the majority of the kids industry for safe digital engagement

By the numbers:

  • There are 170,000 kids going online for the first time every day, per UNICEF.
  • Over 93% of kids 12-17 interact with digital video, per eMarketer. Over 70% interact with social media.
  • About 81% of U.S. parents with children 11-years-old or younger say they let their child watch videos on YouTube, according to a new report from Pew Research Center.

Between the lines: Researchers and tech companies are increasingly collecting data on kids' usage of platforms to help correlate long-term cognitive effects, per Axios' Marisa Fernandez.

The big picture: Platforms like Facebook and Google have tried to introduce kid-friendly alternatives, like YouTube Kids and Messenger Kids, but regulators and parents are still wary of the harmful effects of internet exposure.

  • Among parents who let their young child watch content on YouTube, 61% say they've encountered content that they felt was unsuitable for kids, per Pew.

Go deeper: The Wild West of children's entertainment

Go deeper

BIG3 to create a hybrid reality show about quarantine basketball

Illustration: Aïda Amer/Axios

Sports are on pause, and there's no timetable for their return. In the interim, leagues, teams and athletes are getting creative with ways to keep fans engaged.

The latest: A "quarantined reality show basketball tournament," courtesy of the BIG3, the upstart 3-on-3 basketball league founded by Ice Cube and his longtime business partner Jeff Kwatinetz.

Go deeperArrow13 mins ago - Sports

Trump on coronavirus misinformation from China: "Every country does it"

President Trump brushed aside allegations that China — as well as Russia and Iran — are spreading misinformation about the origin of the coronavirus during a 64-minute call with "Fox & Friends" on Monday, telling the hosts that "every country does it."

Why it matters: Multiple verified Chinese government Twitter accounts have promoted different conspiracy theories, and Chinese foreign ministry deputy spokesperson Zhao Lijian suggested that the virus come from a U.S. military lab, Axios' Bethany Allen-Ebrahimian reports.

Go deeperArrow28 mins ago - World

Investment pros are selling while mom and pop buy the coronavirus dip

Illustration: Aïda Amer/Axios

As traders around the globe have frantically unloaded positions in recent weeks, so-called mom and pop retail investors have kept level heads and not sold out of stocks.

What they're saying: In fact, "the typical trader is buying equities on the dips," passive investment firm Vanguard notes in a research paper, adding that "older, wealthier traders are moving modestly to fixed income."