Two Apple investors say iPhones pose danger to teens and children
Jana Partners LLC, an activist hedge fund, and the California State Teachers’ Retirement System, a pension fund, have written a letter to Apple asking the tech giant to address the issue of teens and children overusing iPhones, the Wall Street Journal reports. The catch? Both are investors in Apple and together control $2 billion worth of shares.
The big picture: Big Tech companies, once the darlings of Silicon Valley, are facing a reckoning in Washington and around the country, with the most recent backlash against Apple spurring from the discovery that company was slowing down some older iPhones.