HomeBusinessSocial media companies made whopping $11B in ad revenue : Reports

Social media companies made whopping $11B in ad revenue : Reports

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Study: Social media companies made $11B in ad revenue from minors | News,  Sports, Jobs - Weirton Daily Times
  1. Social media platforms collectively made over $11 billion in advertising revenue from minors in the US in the past year.
  2. Researchers highlight the need for government regulation as companies have failed to self-regulate, potentially harming youth mental health.
  3. The study estimated revenue based on user data, ad revenue, and time spent on platforms like Facebook, Instagram, Snapchat, TikTok, X (formerly Twitter), and YouTube.
  4. Lawmakers in various states have introduced legislation to address youth mental health issues attributed to excessive social media use.
  5. The Federal Trade Commission proposed changes to restrict targeted ads to kids under 13 and limit push notifications as concerns about children’s mental health on social media rise.
SourceNY Post

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