• 09 JAN 18
    • 0

    iPhones and Children Are a Toxic Pair, Say Two Big Apple Investors

    1) From the Wall Street Journal

    Two activist shareholders want Apple to develop tools and research effects on young people of smartphone overuse and addiction

    The iPhone has made Apple Inc. and Wall Street hundreds of billions of dollars. Now some big shareholders are asking at what cost, in an unusual campaign to make the company more socially responsible. A leading activist investor and a pension fund are saying the smartphone maker needs to respond to what some see as a growing public-health crisis of youth phone addiction.
    Jana Partners LLC and the California State Teachers’ Retirement System, or Calstrs, which control about $2 billion of Apple shares, sent a letter to the smartphone maker Saturday urging it to develop new software tools that would help parents control and limit phone use more easily and to study the impact of overuse on mental health.
    Unfortunately, the rest of the article is only available to WSJ subscribers


    2) And from the Associated Press and Mailonline/ The Daily Mail

    Apple must fight toxic iPhone addiction among children, urge two large investors with $2 billion in shares

    • Two investors urged Apple to offer more tools to help children fight addiction
    • There should be software to help parents protect children’s health, letter said
    • Examples include the negative effects of digital technologies in the classroom

    Two major Apple investors have urged the iPhone maker to take action to curb growing smartphone addiction among children, highlighting growing concern about the effects of gadgets and social media on youngsters. New York-based Jana Partners LLC and the California State Teachers’ Retirement System, or CalSTRS, said in open letter to Apple that the company must offer more tools to help children fight addiction on its services. Among their proposals, they recommend the company enhances mobile device software so parents have more options to protect their children’s health. Collectively the pair control $2 billion (£1.5 billion) worth of Apple shares.



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