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Executive Wealth Management LLC grew its holdings in Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,734 shares of the information services provider’s stock after purchasing an additional 5,926 shares during the quarter. Executive Wealth Management LLC’s holdings in Alphabet were worth $8,083,000 as of its most recent filing with the SEC. A number of other institutional investors have also made changes to their positions in GOOGL. MorganRosel Wealth Management LLC increased its holdings in Alphabet by 3.6% during the 2nd quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider’s stock valued at $295,000 after purchasing an additional 57 shares in the last quarter. Hengehold Capital Management LLC grew its holdings in shares of Alphabet by 0.8% during the second quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider’s stock worth $1,316,000 after purchasing an additional 60 shares during the last quarter. Christopher J. Hasenberg Inc increased its stake in shares of Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after buying an additional 60 shares in the last quarter. First PREMIER Bank increased its stake in shares of Alphabet by 3.8% in the third quarter. First PREMIER Bank now owns 1,655 shares of the information services provider’s stock valued at $275,000 after buying an additional 61 shares in the last quarter. Finally, MKT Advisors LLC raised its holdings in shares of Alphabet by 0.8% in the third quarter. MKT Advisors LLC now owns 7,363 shares of the information services provider’s stock valued at $1,221,000 after buying an additional 62 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors. Alphabet Stock Down 1.7 % Shares of GOOGL stock opened at $164.76 on Friday. The firm’s fifty day moving average price is $167.64 and its two-hundred day moving average price is $170.36. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.02 trillion, a P/E ratio of 21.85, a PEG ratio of 1.27 and a beta of 1.03. Alphabet Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%. Analysts Set New Price Targets A number of equities research analysts have commented on GOOGL shares. Royal Bank of Canada increased their price objective on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Truist Financial increased their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. DA Davidson assumed coverage on Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective on the stock. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.90. View Our Latest Research Report on Alphabet Insider Transactions at Alphabet In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $158.68, for a total transaction of $3,570,300.00. Following the completion of the transaction, the chief executive officer now owns 2,137,385 shares in the company, valued at approximately $339,160,251.80. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, Director Frances Arnold sold 441 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares in the company, valued at $2,820,779.40. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 206,795 shares of company stock worth $34,673,866 in the last 90 days. Corporate insiders own 11.55% of the company’s stock. Alphabet Company Profile ( Free Report ) Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. Recommended Stories Five stocks we like better than Alphabet Low PE Growth Stocks: Unlocking Investment Opportunities Tesla Investors Continue to Profit From the Trump Trade What is the Australian Securities Exchange (ASX) MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally What is the Dogs of the Dow Strategy? Overview and Examples Netflix Ventures Into Live Sports, Driving Stock Momentum Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter .The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . CULLOWHEE, N.C. (AP) — Bernard Pelote had 24 points in Western Carolina’s 78-69 victory over Milligan on Thursday. Pelote added nine rebounds for the Catamounts (4-7). Cord Stansberry scored 14 points and added seven rebounds. Brandon Morgan shot 2 for 6 (1 for 4 from 3-point range) and 7 of 8 from the free-throw line to finish with 12 points. The Buffs were led in scoring by Elijah Bredwood, who finished with 23 points. McCaskill Rivers added 13 points for Milligan. Handje Tamba had 12 points and 12 rebounds. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
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Jamie Oliver and his wife Jools have had an incredible marriage lasting 24 years. The couple met when they were just teenagers and now share five wonderful children, Poppy Honey Rose, Daisy Boo Pamela, Petal Blossom Rainbow, Buddy Bear Maurice, and River Rocket Blue Dallas. But like any couple, they have been open about having their arguments and Jools even once accused Jamie of cheating on her. In their most recent joint interview in October, Jamie confessed the couple can spend weeks where they don't like each other. Jamie admitted on the Newlyweds podcast.: "There's sometimes, like a month and a half, where you don't quite like each other very much." Jools responded: "I think every three months you have this thing where you suddenly build it up and I think 'I really don't like you' and I build it up to something that probably isn't even necessary. And once we get over that bit, we get on all the love again." Read more Jamie Oliver 'managing' painful health condition that can knock him off his feet She added: "I think it's really important that we argue in a relationship. I think it really helps." The couple remain strong, recently renewing their vows at a ceremony in Las Vegas, USA. The couple, who first wed in July 2000, chose the iconic Graceland Wedding Chapel for their vow renewal, complete with an Elvis impersonator to serenade them. Jools playfully acknowledged Elvis being the 'third person in their marriage', writing: "Happy 24 crazy married years together. I love you so much, thank you for indulging my LOVE for Elvis. I know this marriage has 3 people in it... but you get me like NO other! Just you wait and see what I have planned for our 25th Jamie Oliver." The couple shared a gushing post on their social media accounts following the nuptials (Image: INSTAGRAM) Jamie has previously candidly discussed the ups and downs of his long-standing marriage. He likened their relationship to a rollercoaster in an interview with Australian Women's Weekly in 2021, saying: "I think you learn to love in lots of different ways. You learn to love the person you married but also it's exciting because the roller-coaster of growing, becoming parents, getting older, having grey hairs and wrinkles, you can love all those bits. You don't just love one bit." In 2011, Jools revealed the couple frequently argued, and said they both had their flaws. She said: "We bicker all the time. A lot of my friends can't believe how much. He drives me mad because he never listens to me and I drive him mad because I can be horribly selfish." That same year, Jools confessed to snooping on Jamie to alleviate her concerns that he might be cheating. She told The Telegraph would check his email, Twitter and phone, adding: "Everything seems fine. He says I'm a jealous girl, but I think I'm fairly laidback, considering". The admission followed Jamie's earlier revelation that women often flirted with him at the start of his career. Later, in 2018, Jamie disclosed that Jools had suspected him of cheating, telling Closer magazine it was because he was digging in the garden for his dishes. He revealed: "My missus accused me of having an affair once, because I kept disappearing and coming back with green on my knees. It was courgette season and I was in the vegetable patch!"Galvin Gaustad & Stein LLC reduced its position in Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,176 shares of the information services provider’s stock after selling 2,618 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in Alphabet were worth $11,805,000 at the end of the most recent reporting period. A number of other large investors have also made changes to their positions in the business. MorganRosel Wealth Management LLC increased its holdings in Alphabet by 3.6% in the 2nd quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider’s stock worth $295,000 after acquiring an additional 57 shares in the last quarter. Hengehold Capital Management LLC grew its position in shares of Alphabet by 0.8% in the second quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider’s stock valued at $1,316,000 after purchasing an additional 60 shares during the period. Christopher J. Hasenberg Inc increased its stake in shares of Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after purchasing an additional 60 shares in the last quarter. First PREMIER Bank raised its position in shares of Alphabet by 3.8% during the 3rd quarter. First PREMIER Bank now owns 1,655 shares of the information services provider’s stock worth $275,000 after purchasing an additional 61 shares during the last quarter. Finally, MKT Advisors LLC lifted its stake in Alphabet by 0.8% in the 3rd quarter. MKT Advisors LLC now owns 7,363 shares of the information services provider’s stock valued at $1,221,000 after buying an additional 62 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes Several research firms have commented on GOOGL. Truist Financial boosted their price objective on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein boosted their price target on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group decreased their price objective on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Morgan Stanley upped their target price on shares of Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.90. Insider Transactions at Alphabet In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the transaction, the chief accounting officer now owns 32,017 shares in the company, valued at approximately $5,136,807.48. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website . Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the completion of the transaction, the chief executive officer now directly owns 2,061,806 shares in the company, valued at $364,259,266.02. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 206,795 shares of company stock valued at $34,673,866. 11.55% of the stock is currently owned by corporate insiders. Alphabet Price Performance Alphabet stock opened at $164.76 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52-week low of $127.90 and a 52-week high of $191.75. The firm has a market cap of $2.02 trillion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03. The company’s 50 day moving average is $167.64 and its two-hundred day moving average is $170.36. Alphabet ( NASDAQ:GOOGL – Get Free Report ) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period last year, the firm earned $1.55 earnings per share. On average, research analysts expect that Alphabet Inc. will post 7.99 EPS for the current fiscal year. Alphabet Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s payout ratio is presently 10.61%. Alphabet Profile ( Free Report ) Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. Further Reading Five stocks we like better than Alphabet What Are Dividends? Buy the Best Dividend Stocks Tesla Investors Continue to Profit From the Trump Trade How to Capture the Benefits of Dividend Increases MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally TSX Venture Exchange (Formerly Canadian Venture Exchange) Netflix Ventures Into Live Sports, Driving Stock Momentum Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter .Position Mobile's Fate Remains Uncertain: Winding Up, Court-Ordered Buy-Out Both Options in Next Year's TrialRachel Cooke’s best graphic novels of 2024
GEORGE TOWN, Cayman Islands , Dec. 19, 2024 /PRNewswire/ -- On October 29th, 2024 , a Judge in the Financial Services Division of the Grand Court has ruled on a timetable to decide whether the company Position Mobile Ltd SEZC ('Position Mobile'), a joint venture between a subsidiary company of Genimous Technology Co., Ltd. and Genimous Investment ( Hong Kong ) (collectively 'Genimous'), and Technology Investment Consortium LLC ('TIC'), should be wound up and, if so, on which grounds, or whether an alternative form of relief is more appropriate. One alternative relief at the court's discretion is to order the Genimous entities to buy TIC's shares at a valuation to be determined at trial. These matters regarding Position Mobile are set to be decided over a 12-day trial, in Q4 of 2025. Sources include judicial.ky and technologyinvestmentconsortium.com . About TIC and Position Mobile: Position Mobile is a Cayman Islands company created to develop and market mobile apps. Technology Investment Consortium LLC is co-founder of and largest single shareholder in Position Mobile. About Genimous Technology Co., Ltd.: Genimous Technology Co., Ltd is a listed company on the Shenzhen stock exchange in the PRC. It is chaired by Hongda Lu , a former member of the IPO committee of the CSRC who also chairs GuoGuang Electric Co., Ltd. Genimous, as well as its US and Cayman subsidiaries, count Yahoo and other advertising networks as key partners to monetize its portfolio of apps, including multiple apps from Position Mobile. View original content: https://www.prnewswire.com/news-releases/position-mobiles-fate-remains-uncertain-winding-up-court-ordered-buy-out-both-options-in-next-years-trial-302336496.html SOURCE Technology Investment Consortium, LLCAtria Investments Inc trimmed its holdings in shares of F5, Inc. ( NASDAQ:FFIV – Free Report ) by 65.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,466 shares of the network technology company’s stock after selling 2,775 shares during the period. Atria Investments Inc’s holdings in F5 were worth $323,000 at the end of the most recent reporting period. Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of F5 by 10.5% during the 2nd quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock valued at $294,392,000 after acquiring an additional 162,820 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of F5 by 6,700.2% during the second quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock worth $146,118,000 after purchasing an additional 835,912 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of F5 by 48.9% in the second quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock worth $111,932,000 after buying an additional 214,351 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of F5 by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 598,605 shares of the network technology company’s stock valued at $103,096,000 after buying an additional 48,742 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of F5 by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 523,982 shares of the network technology company’s stock valued at $90,245,000 after buying an additional 45,843 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of equities analysts have weighed in on FFIV shares. The Goldman Sachs Group upped their price target on F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on shares of F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Royal Bank of Canada boosted their price objective on shares of F5 from $205.00 to $240.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 29th. Evercore ISI upped their price objective on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. Finally, Barclays lifted their target price on F5 from $214.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, F5 presently has a consensus rating of “Hold” and a consensus target price of $233.56. F5 Stock Performance Shares of F5 stock opened at $246.98 on Friday. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $250.46. The firm’s 50-day simple moving average is $226.58 and its 200-day simple moving average is $196.71. The firm has a market cap of $14.48 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 3.24 and a beta of 1.05. F5 ( NASDAQ:FFIV – Get Free Report ) last announced its quarterly earnings data on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $0.22. The firm had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. F5’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.76 earnings per share. On average, equities analysts predict that F5, Inc. will post 11.01 earnings per share for the current year. F5 announced that its Board of Directors has initiated a stock repurchase program on Monday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network technology company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued. Insiders Place Their Bets In related news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total transaction of $316,477.00. Following the sale, the chief executive officer now owns 121,122 shares in the company, valued at $26,436,087.72. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $201.65, for a total value of $201,650.00. Following the completion of the transaction, the director now owns 10,707 shares of the company’s stock, valued at approximately $2,159,066.55. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 4,575 shares of company stock valued at $997,039 over the last 90 days. 0.58% of the stock is owned by company insiders. F5 Profile ( Free Report ) F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud. Featured Stories Five stocks we like better than F5 With Risk Tolerance, One Size Does Not Fit All Tesla Investors Continue to Profit From the Trump Trade What is the Dow Jones Industrial Average (DJIA)? MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally How to Calculate Stock Profit Netflix Ventures Into Live Sports, Driving Stock Momentum Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter .Opinion: Gambling with bird flu is asking for trouble — and another pandemic
Teacher's book encourages kids to 'think it through'Stronger privacy protections will be put in place to protect the identities of Australians online when a world-first teen social media plan is legislated, as the Coalition works to soothe backbench worries about over-regulation of the internet. Peter Dutton is determined to work with Labor this week to secure passage of the bill banning children under 16 from social media sites, but a growing number of backbenchers including former LNP ministers Keith Pitt and Matt Canavan and MP Garth Hamilton have been expressing concerns about handing over identifying documents to tech giants. LNP senator Matt Canavan. Credit: Alex Ellinghausen In parliament on Monday, Communications Minister Michelle Rowland said she welcomed opposition MPs’ assessment of the bill and Labor sources said they were open to good faith amendments from Coalition communications spokesman David Coleman, who first floated the ban in an interview with this masthead in April and who has been working closely with Labor in recent weeks. Labor has played down the prospect of a digital ID but Coalition MPs were told in a joint party room meeting that amendments would be made to the bill to explicitly rule out the use of a digital ID and documents such as passports. Several Coalition MPs in the Canberra party room meeting, speaking anonymously to disclose confidential discussions, confirmed the Coalition had been working on stronger privacy protections with Labor. MPs including leading moderate Bridget Archer, shadow assistant minister Paul Scarr and Canavan expressed concern in the meeting about rushing the bill. This masthead revealed earlier on Monday that a growing number of Coalition MPs were uneasy with Dutton’s intention to go along with Labor’s bill, which many experts, the Greens and teals have described as rushed. MPs were only given three hours to scrutinise the bill in a condensed inquiry on Monday. Experts who appeared at the inquiry were mixed in their views on the extent of social disharmony and mental ill health caused by teens’ use of social media. Leaders of mental health group Headspace said being online affected how teens felt about themselves but the communities they found on digital platforms were also invaluable. Dr Danielle Einstein said the few studies used by social media advocates were flawed, outdated and being used to make disingenuous claims and muddy the waters. Schools were becoming more hostile places as teens took the easier option of making connections online and shunning real-world interactions, she added. “I don’t think the evidence actually shows benefit when you look really carefully,” she said. LNP senator Matt Canavan asked a representative for Meta and other social platforms, DIGI’s Sunita Bose, whether Australians could get around the laws by using a VPN to make it appear they were in another country. Bose said this was “certainly” a risk. “I reckon my 10-year-old could figure it out,” Canavan said. “It’s great we are rushing this.” Cut through the noise of federal politics with news, views and expert analysis. Subscribers can sign up to our weekly Inside Politics newsletter .
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