Social media companies earn $11B in ad revenue from minors. Lawmakers, experts want government regulations

Social media companies have collected an estimated advertisement revenue of $ 11 billion this year from minors alone. It has triggered a debate that there should be government regulation of social media since the companies make money from children, but they have failed to meaningfully self-regulate. Experts feel that such regulations and greater transparency from tech companies could help alleviate harm to youth mental health. It can also curtail potentially harmful advertising practices that target children and adolescents.