Citing the popularity of Apple’s phones and tablets among children and teenagers, two large investors say the company should do more to help parents protect their kids from the risks of digital addiction and the side effects of social media.
Together, California’s teacher pension fund, or CalSTRS, and the Jana Partners investment group own more than $2 billion in Apple stock. In a letter to the tech giant’s board, they’re calling on Apple to give parents options beyond a “binary” system in which tools and functions are either freely available or closed off.
Large Shareholders Ask Apple To Help Wean Digital-Addicted Youths
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