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Social media platforms removed 4.7 million accounts after Australia banned them for children

Social media platforms removed 4.7 million accounts after Australia banned them for children

By CHARLOTTE GRAHAM-McLAY

WELLINGTON, New Zealand (AP) — Social media companies have revoked access to about 4.7 million accounts identified as belonging to children in Australia since the country banned use of the platforms by those under 16, officials said.

“We stared down everybody who said it couldn’t be done, some of the most powerful and rich companies in the world and their supporters,” communications minister Anika Wells told reporters on Friday. “Now Australian parents can be confident that their kids can have their childhoods back.”

The figures, reported to Australia’s government by 10 social media platforms, were the first to show the scale of the landmark ban since it was enacted in December over fears about the effects of harmful online environments on young people. The law provoked fraught debates in Australia about technology use, privacy, child safety and mental health and has prompted other countries to consider similar measures.

Officials said the figure was encouraging

Under Australian law, Facebook, Instagram, Kick, Reddit, Snapchat, Threads, TikTok, X, YouTube and Twitch face fines of up to 49.5 million Australian dollars ($33.2 million) if they fail to take reasonable steps to remove the accounts of Australian children younger than 16. Messaging services such as WhatsApp and Facebook Messenger are exempt. read more

YouTube relaxes monetization policy on videos with controversial content

YouTube relaxes monetization policy on videos with controversial content

By KAITLYN HUAMANI

YouTube is updating its guidelines for videos containing content that advertisers define as controversial, allowing more creators to earn full ad revenue when they tackle sensitive issues in a nongraphic way.

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With the update that went into effect Tuesday, YouTube videos that dramatize or cover issues including domestic abuse, self-harm, suicide, adult sexual abuse, abortion and sexual harassment without graphic descriptions or imagery are now eligible for full monetization.

Ads will remain restricted on videos that include content on child abuse, child sex trafficking and eating disorders. read more

The Savings Game: How life insurance might help protect IRA values for your heirs

The Savings Game: How life insurance might help protect IRA values for your heirs

Unfortunately, the SECURE Act of 2019 made it more difficult for the beneficiaries of IRAs and other retirement accounts to postpone distributions from these inherited accounts; no longer can most non-spouse heirs “stretch” these accounts out over their lifetimes and thereby preserve favorable tax deferral options.

Instead, as a result of the new law, if you inherit an IRA from someone who is not your spouse, you generally must withdraw the assets in the account within 10 years. The 10-year rule applies to both traditional IRAs and Roth IRAs, and for most beneficiaries the law change has limited the possibilities of tax-deferred growth.

On the other hand, regulations associated with the SECURE Act have made life insurance options more attractive for estate planning. Ed Slott, a recognized retirement and IRA expert, argues that life insurance “is not only the single biggest benefit in the tax code, but is also the most cost-effective way to protect a large IRA” for beneficiaries.

According to Slott, the SECURE Act makes life insurance a much better estate planning vehicle than an IRA. Those with high-value IRAs who wish to preserve wealth for their heirs should consider drawing down IRA funds at the lowest possible tax cost and moving funds earmarked for beneficiaries to life insurance. read more

ChatGPT’s free ride is ending: Here’s what OpenAI plans for advertising on the chatbot

ChatGPT’s free ride is ending: Here’s what OpenAI plans for advertising on the chatbot

SAN FRANCISCO (AP) — OpenAI says it will soon start showing advertisements to ChatGPT users who aren’t paying for a premium version of the chatbot.

The artificial intelligence company said Friday it hasn’t yet rolled out ads but will start testing them in the coming weeks.

It’s the latest effort by the San Francisco-based company to make money from ChatGPT’s more than 800 million users, most of whom get it for free.

Though valued at $500 billion, the startup loses more money than it makes and has been looking for ways to turn a profit.

OpenAI said the digital ads will appear at the bottom of ChatGPT’s answers “when there’s a relevant sponsored product or service based on your current conversation.”

The ads “will be clearly labeled and separated from the organic answer,” the company said.

Report: Woman died after Revenge of the Mummy ride

Report: Woman died after Revenge of the Mummy ride

The state’s quarterly theme-park injury report for the final three months of 2025 includes a previously undisclosed Nov. 25 death following a ride on Revenge of the Mummy, an indoor roller coaster at Universal Studios Florida.

An unidentified 70-year-old woman was unresponsive and later died at the hospital, according to the report compiled by the Florida Department of Agriculture and Consumer Services. The state’s major theme parks self-report about visitors injured on rides if they result in at least 24 hours of hospitalization.

The summary “reflects only the information reported at the time of the incident,” the report says. “Due to privacy-related concerns, the department does not receive updates to initial assessments of a patron’s condition.”

A Universal spokesperson said via e-mail that the company does not comment on pending claims. The Orlando Sentinel has requested records for the scene and date from the Orlando Police Department and the Orange County Medical Examiner, but has not been provided those records. read more