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Speaker 1: Listen up, because the latest independent key we Save results

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Speaker 1: of ten point two percent over ten years, and you

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Speaker 1: disclosures Now the issuer is Generate Investment Management Limited, and

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Speaker 1: remember past performance does not guarantee future returns. Seventeen past

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Speaker 1: five now, the world's first social media band for Ozzie

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Speaker 1: teens is still a week away, but Facebook has started

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Speaker 1: kicking the kids off today. Stephen Sheila is the former

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Speaker 1: CEO of Facebook Australia New Zealand, and he's with us.

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Speaker 1: Welcome back, Steven, good to be here. Yeah, do any

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Speaker 1: idea how many they've kicked off?

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Speaker 2: I don't know yet, but they're starting. I think there's

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Speaker 2: you know, there's several hundred thousand teens that fall into

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Speaker 2: this category and on across metas two platforms of Instagram

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Speaker 2: at Facebook, so you know they're probably getting into the

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Speaker 2: thousands or tens of thousands already.

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Speaker 1: I got a text earlier that said, if you go

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Speaker 1: to Reddit you can see how to get around this

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Speaker 1: in about five minutes flat. Is that a fact?

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Speaker 2: I think there's going to be a lot of forums

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Speaker 2: like that. You know, the internet moves fast. The teams

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Speaker 2: move fast. So you know, I'm sure there's a lot

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Speaker 2: of hacks that get around this that are being talked

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Speaker 2: about online, but the government here has said, essentially, this

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Speaker 2: won't be hackable. We will find and shut down these

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Speaker 2: hacks around getting around it. And now we'll see whether

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Speaker 2: that plays out or not. But the government seems very

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Speaker 2: determined to ensure that there's not easy ways around this.

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Speaker 2: But whether platforms or fourteens.

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Speaker 1: Stephen, how are you feeling about it. We're sitting here

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Speaker 1: one week away from something that has been the subject

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Speaker 1: of much debate and I guess skepticism about whether it

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Speaker 1: will work. Do you feel confident it will.

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Speaker 2: I feel like this is my personal opinion. I've been

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Speaker 2: out of Facebook for many years now, but I have

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Speaker 2: young kids, but I think the new normal is going

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Speaker 2: to become sixteen. The research is pretty much overwhelmingly showing

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Speaker 2: this is sort of neuroscience behavioral research. It's showing that

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Speaker 2: teens in that thirteen fourteen fifteen range there is a

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Speaker 2: lot of challenge for them in these algorithmic platforms. Now,

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Speaker 2: there are benefits to social media from many teens as well,

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Speaker 2: but the negative effects I think are just just too pronounced,

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Speaker 2: too obvious that we need to start to think about

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Speaker 2: moving this age. So I think it will work. I

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Speaker 2: think it will work. If I had to predict, I

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Speaker 2: think the platforms will make it work. I think the

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Speaker 2: government here is determined to make it work. And therefore

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Speaker 2: I think around the world you're going to see more

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Speaker 2: governments over the next few years start to move to

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Speaker 2: make sixteen the new normal. With social media, you.

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Speaker 1: Can only go so Stevens. Good to talk to you, mate.

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Speaker 1: Thanks so much, Stephen Sheila, former Facebook Australia New Zealand CEO.

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Speaker 2: For more from Hither Duplessy Allen Drive, listen live to

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Speaker 2: news talks it'd be from four pm weekdays, or follow

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