27 million people live in Australia. But there's a big change coming if you're under 16, reports CNN:

From December 10, sites that meet the Australian government's definition of an "age-restricted social media platform" will need to show that they're doing enough to eject or block children under 16 or face fines of up to 49.5 million Australian dollars ($32 million). The list includes Snapchat, Facebook, Instagram, Kick, Reddit, Threads, TikTok, Twitch, X, and YouTube...

Meta says it'll start deactivating accounts and blocking new Facebook, Instagram and Threads accounts from December 4. Under-16s are being encouraged to download their content. Snap says users can deactivate their accounts for up to three years, or until they turn 16...

There's another sting in the ban, too, coming at the end of the Australian school year before the summer break in the southern hemisphere. For eight weeks, there'll be no school, no teachers — and no scrolling. For millions of children, it could be the first school break they spend in years without the company of time-killing social media algorithms, or an easy way to contact their friends. Even for parents who support the ban, it could be a very long summer.

"There's every chance that bans will spread..." the article argues. "Other countries around the world are taking notes as Australia explores new territory that some say mirrors safety evolutions of years past — the dawning realization that maybe cars need safety belts, and that perhaps cigarettes should come with some kind of health warning." And according to the Associated Press, Malaysia "has also announced plans to ban social media accounts for children under 16 starting in 2026."

But CNN reports few teenagers in Australia knew about its impending ban on social media, judging by a show of hands at one high school auditorium. Teenagers in the audience had two questions. "Can you get your account back when you turn 16?"
"What if I lie about my age?"

[ Read more of this story ]( https://tech.slashdot.org/story/25/11/30/1746201/what-happens-when-you-kick-millions-of-teens-off-social-media-australias-about-to-find-out?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.

A gauge of risk on Oracle debt "reached a three-year high in November," reports Bloomberg.

"And things are only going to get worse in 2026 unless the database giant is able to assuage investor anxiety about a massive artificial intelligence spending spree, according to Morgan Stanley."

A funding gap, swelling balance sheet and obsolescence risk are just some of the hazards Oracle is facing, according to Lindsay Tyler and David Hamburger, credit analysts at the brokerage.

The cost of insuring Oracle's debt against default over the next five years rose to 1.25 percentage point a year on Tuesday, according to ICE Data Services. The price on the five-year credit default swaps is at risk of toppling a record set in 2008 as concerns over the company's borrowing binge to finance its AI ambitions continue to spur heavy hedging by banks and investors, they warned in a note Wednesday. The CDS could break through 1.5 percentage point in the near term and could approach 2 percentage points if communication around its financing strategy remains limited as the new year progresses, the analysts wrote. Oracle CDS hit a record 1.98 percentage point in 2008, ICE Data Services shows...

"Over the past two months, it has become more apparent that reported construction loans in the works, for sites where Oracle is the future tenant, may be an even greater driver of hedging of late and going forward," wrote the analysts... Concerns have also started to weigh on Oracle's stock, which the analysts said may incentivize management to outline a financing plan on the upcoming earnings call...

Thanks to Slashdot reader Bruce66423 for sharing the article.

[ Read more of this story ]( https://developers.slashdot.org/story/25/11/30/1933216/morgan-stanley-warns-oracle-credit-protection-nearing-record-high?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.

An anonymous reader shared this report from the Associated Press:

The information needed to decipher the last remaining unsolved secret message embedded within a sculpture at CIA headquarters in Virginia sold at auction for nearly $1 million, the auction house announced Friday. The winner will get a private meeting with the 80-year-old artist to go over the codes and charts in hopes of continuing what he's been doing for decades: interacting with would-be cryptanalyst sleuths.

The archive owned by the artist who created Kryptos, Jim Sanborn, was sold to an anonymous bidder for $963,000, according to RR Auction of Boston. The archive includes documents and coding charts for the sculpture, dedicated in 1990. Three of the messages on the 10-foot-tall (3-meter) sculpture — known as K1, K2 and K3 — have been solved, but a solution for the fourth, K-4, has frustrated the experts and enthusiasts who have tried to decipher the S-shaped copper screen... One side has a series of staggered alphabets that are key to decoding the four encrypted messages on the other side.

"The purchaser's 'long-term stewardship plan' is being developed, according to the auction house."

[ Read more of this story ]( https://it.slashdot.org/story/25/11/30/2130226/info-to-decipher-secret-message-in-kryptos-sculpture-at-cia-hq-auctioned-for-nearly-1m?utm_source=atom1.0moreanon&utm_medium=feed ) at Slashdot.