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News Analysis 11 Sep 2024 - 5 min read
 

Six years after a wave of warnings from former top Silicon Valley social media executives and venture capital investors about the damaging effects dopamine-tuned algorithms were having on civics, screen addiction, anxiety and mental health, the Australian government is taking action with new age bans for teen use of social media set to be legislated before the next Federal election in 2025. Led in part by a proposed bill to limit social media access for children under 14 in South Australia by Premier Peter Malinauskas, the Albanese government plans to impose nationwide restrictions on access to social media by teens – the age band is still to be decided but the Prime Minister’s “personal view” is that it should be 16. The Silicon Valley venture capitalist, Roger McNamee, an early investor in Facebook and one-time mentor to Mark Zuckerberg, was part of a long and vocal line-up of big tech identities from Google and Facebook around 2018 who started turning on the companies that made many of them impossibly wealthy. McNamee blamed advertising’s race for consumer attention and the newly discovered tech-psychology tricks that trigger the addictive dopamine neurotransmitter in the brain as a core problem. “The ad models essentially encourage this exploitation of people’s emotions,” he told CNBC at the time. “Science has figured it out – the way you keep people’s attention is you either scare them or you make them angry.” The Federal and South Australian governments are among the first to propose intervention. 

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News Analysis 14 Oct 2020 - 3 min read
 

Volvo's marketing boss Julie Hutchinson last year said she had shifted money out of "bottom end of the funnel" media channels like  Carsales, CarAdvice and Carsguide to invest more in brand building efforts but the CEO of Nine's auto sites Alex Parsons says a new Covid switch is on from car marketers which are back investing heavily in digital. He's flagged a merger of CarAdvice into Drive next year, focusing squarely on new cars and a bid to insert the revamped Drive platform into the transactional aspects of e-commerce - Parsons argues a "material opportunity" for disruption is on. Market leader carsales.com.au will be watching closely.

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