Finance

Striking the Right Balance: Safeguarding Children from Social Media Effects

Published June 6, 2024

Finding a practical approach to protect youngsters from the overwhelming influence of social media is a contemporary challenge that parents face. In the journey of striking a balance, some have found solace in moderation rather than complete prohibition. This is illustrated by the actions of Ahmed Othman and his sister, who, despite being in an age bracket often engrossed in platforms like TikTok, choose to stay clear of them. The siblings were equipped with iPhones during their middle school years—Ahmed in eighth grade and his sister in seventh—but their use of these devices was restricted to iMessage, intentionally keeping them away from the plethora of social media applications.

The Compromise on Social Media Exposure

In a digital era where social media platforms have ingrained themselves into the fabric of daily life, especially for adolescents, achieving a balanced relationship with these tools is crucial. Rather than a complete aversion to technology, which could hamper necessary communication skills and technological literacy, parents are opting for a middle ground approach. This involves granting access to certain functionalities of smartphones, like texting and calling, while steering clear of social media apps that can be gateways to potential cyberbullying, privacy invasions, and unhealthy comparisons.

Understanding the Financial Implications

The decisions parents make regarding their children's social media use can inadvertently affect the broader landscape of technology adoption, and by extension, the financial markets connected to these tech entities. As social media companies are publicly traded, investment decisions in stocks such as FB for Facebook, now known as Meta Platforms, or TWTR for Twitter may be influenced by these social dynamics. Furthermore, the prevalence of social media usage can impact advertising revenues for companies like SNAP Snapchat and GOOG for Google's parent company, Alphabet, thus affecting their stock performance.

socialmedia, parenting, technology