They see me scrollin', they hatin'

Wake Up to Money52mJune 16, 2026
AI-Generated Summary

The UK's proposed ban on under-16s using social media is facing a real-world test of feasibility — not just politically, but technologically. As the government pushes forward with the ban, a company called Yoti, led by CEO Robin Toombs, reveals that the tools to enforce it already exist. Their facial age estimation technology, used by Meta, TikTok, and OpenAI, can estimate a user's age within 5% accuracy without storing any biometric data, making it both effective and privacy-preserving. Yet, the real challenge isn't just technical — it's cultural. Charlie Blakemore of Intercity Technology argues that while age checks are a start, true safety requires a multi-layered approach: better platform design, parental education, and a shift in how children view digital spaces. The episode also reveals a surprising economic ripple effect: despite not hosting any World Cup games, Providence, Rhode Island, has seen a $10 million tourism boom as Scottish fans, frustrated by Boston’s high costs, chose the smaller, more walkable city as their unofficial headquarters. Meanwhile, petrol prices are expected to fall as oil prices drop following a potential Iran-US deal, though retailers like Rachel King warn the drop won’t be immediate due to supply chain delays and business margins. The episode paints a picture of modern economic and digital life — where policy, technology, and human behavior collide in real time.

Key Takeaways
1

Facial age estimation tech used by Meta and TikTok can verify age within 5% accuracy without storing biometric data, making social media bans technically feasible.

2

Yoti’s system deletes all facial images immediately after processing, ensuring no long-term data retention and maintaining user privacy.

3

Even with age checks, children may still access social media through friends who are also underage, making platform design and peer networks key to enforcement.

4

Petrol prices won’t fall immediately after oil drops — supply chain delays and weekly pricing cycles mean consumers may wait a week or more.

5

Providence, RI, saw a 5,000–12,000 fan influx during the World Cup despite not hosting games, proving that tourism can be driven by smart, affordable alternatives.

…and 3 more takeaways available in PodZeus

Chapters
0:00
2 min

UK Social Media Ban: Feasibility and Tech

The episode opens with the UK's proposed ban on under-16s using social media, setting the stage for a deep dive into the technology that could enforce it.

1:50
7 min

Oil Prices, Petrol, and the Iran Deal

Victoria Scholar and Rachel King discuss the impact of the Iran-US deal on oil prices and how quickly those changes will reach consumers at the pump.

8:28
8 min

Cybersecurity as a Cultural Shift

I genuinely think now there's a lot less trust and it's an awful thing to have to say really in business and in general, but you just can't trust anybody these days.

Highlight
16:45
10 min

Yoti’s Age Verification Tech: How It Works

We actually run it in memory, which means we don't store that image to disk... we delete it instantly.

Highlight
26:32
17 min

Thames Water’s Rescue Plan and Nationalisation Risk

The government rejects a £10bn private rescue plan for Thames Water, citing insufficient consumer and environmental protections, raising the specter of nationalisation.

High-Impact Quotes
I genuinely think now there's a lot less trust and it's an awful thing to have to say really in business and in general, but you just can't trust anybody these days.
Charlie Blakemore13:09
And it's a journey, it's a cultural journey as much as it is a technology journey will in my mind.
Charlie Blakemore12:04
And we've had a couple of texts in, Eddie and Hitchin, with one of them, Robin asking about biometrics and why not have our fingerprint for ID, et cetera.
Will Bade41:40
Speakers

Host

Will Bade

Guests

Victoria ScholarCharlie BlakemoreRachel KingRobin ToombsAlana O'Hara
Topics Discussed
social media age verification95%cybersecurity culture90%digital identity technology88%World Cup tourism boom87%petrol price dynamics85%Thames Water rescue plan80%business resilience in crisis78%oil price impact on inflation75%
People & Brands

Yoti

organization

12xPositive

Victoria Scholar

person

12xNeutral

Charlie Blakemore

person

10xPositive

Robin Toombs

person

8xPositive

Iran-US deal

other

8xPositive

Providence

place

7xPositive

Thames Water

organization

6xNegative

World Cup

other

6xPositive

Rachel King

person

5xNeutral

InterCity Technology

organization

5xPositive

Start discovering podcast insights today

Start with a 7-day trial and explore a growing catalog of popular podcasts. No credit card required.

No credit card required • 7-day trial • Cancel anytime