How Meta’s Paid Subscription Tools Are Being Used to Exploit Children

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 26 February 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last year Meta began a broad rollout of tipping and paid subscription services on Facebook and Instagram. The services were meant to help influencers earn more money by selling exclusive content to subscribers. But an internal report from Meta found that the tools were being misused by adults seeking to profit from exploiting their own children. Meta didn’t follow recommendations from its safety staff, but says its programs are well monitored. WSJ reporter Katherine Blunt tells host Alex Ossola about the investigation and how Meta addressed the problems. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This message comes from Wall Street Journal sponsor C3 AI.
0:04.0	C3 Generative AI equips enterprises with verified, traceable answers.
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0:13.4	Learn more at C3. AI.
0:15.9	This is Enterprise AI.
0:18.0	Welcome to Tech News Briefing. It's Monday, February 26. I'm Alex Osala for the Wall Street Journal.
0:28.0	Coming up on today's show, Bitcoin's price is up over 20% this year.
0:33.0	Many investors believe its value will continue to rise.
0:36.0	But what does the history of technology say about Bitcoin's future?
0:40.0	W.S.J. columnist Jason Zweig joins us.
0:42.0	And then, Internal reports at Meta found that new paid
0:45.6	subscription tools on Facebook and Instagram were being used to exploit children.
0:50.0	W.S.J. reporter Catherine Blunt joins us to talk about the investigations and how the company chose to address the problems.
0:59.0	But first, only 21 million Bitcoin will probably ever exist.
1:03.6	That sounds like a lot, but that limited quantity means that right now,
1:07.4	everyone wants a piece of it.
1:09.2	Bitcoin's price is up 22% so far this year. But just because something is scarce doesn't mean it'll always be valuable.
1:16.5	Jason's Weig writes W.S.J's intelligent investor column and he joins us now with more on what
1:21.7	that could mean for Bitcoin's future.
1:24.0	Jason, you make a comparison between gold and pearls and link that to Bitcoin.
1:28.2	Break this down for us.
	...

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