Per the Journal:
According to a story from the Wall Street Journal, Jana Partners LLC and the California State Teachers’ Retirement System sent a letter to Apple asking the iPhone maker 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.”
The two groups control about $2 billion in Apple stock, which is a small chunk given the company’s market value is over $900 billion.
The iPhone already features certain parental controls, which help parents limit or block kids from using certain apps. But the pair of investors want the company to do more to limit usage and better understand the mental health effects of using smartphones, and they’ve enlisted Dr. Jean M. Twenge from San Diego State University to help.
I call them iGen. Born between 1995 and 2012, members of this generation are growing up with smartphones, have an Instagram account before they start high school, and do not remember a time before the internet.