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Instagram makes all teen accounts private - npr
(lemmy.autism.place)
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I'm in the first camp. Instagram is flooded with spam accounts posting links to illicit Telegram channels where actual CSAM is being distributed. The owner of Telegram was also arrested recently for failing to safeguard his platform from such highly illegal activity. Children having easy and often unrestricted access to social media is probably the reason why things have gotten so bad.
Every major social network should be asking for ID verification, but there should be strict safeguards on how that information is used and stored, with hefty fines for failures to safeguard.