Summary by Futu AI
The National Legal and Policy Center (NLPC) has submitted a proposal urging shareholders of Meta Platforms, Inc. to vote in favor of Proposal Twelve on the 2024 proxy ballot. This proposal calls for the commissioning of a third-party report to assess the risks and benefits of setting a higher minimum age for users of Meta's social media products, followed by an advisory shareholder vote on the matter. The NLPC highlights concerns over the negative impacts of social media on youth, including addiction, mental health issues, exposure to inappropriate content, and exploitation risks. Despite Meta's existing safeguards, the NLPC argues that these are insufficient, as evidenced by ongoing legal and ethical challenges, including a lawsuit alleging that Meta illegally markets to underage users and designs addictive features. The NLPC contends that raising the minimum age could mitigate these risks and align with Meta's ethical obligations, potentially enhancing shareholder value by fostering a safer platform environment.
