Age verification will be a significant loss for social media companies. It's going to push plenty of people away, and it provides no information that they don't already know to a reasonably high degree of certainty.
And I think the problems with social media for children have little to do with moderation. It's more about the typical ails that even 'good' social media would entail: FOMO, image crafting, amplification/streamlining all typical stuff that happens at all schools - bullying, rumor milling, and so on. To say nothing of the general effect of people becoming zombies to their phones rather than actually interacting in person as much.
And I think the problems with social media for children have little to do with moderation. It's more about the typical ails that even 'good' social media would entail: FOMO, image crafting, amplification/streamlining all typical stuff that happens at all schools - bullying, rumor milling, and so on. To say nothing of the general effect of people becoming zombies to their phones rather than actually interacting in person as much.