Some of these men are propositioning underage teens (14, 15 years old). They offer, e.g. $700/week for just conversation in the beginning, and then that escalates to asking for nude photos and who knows what else.
Some friends of the girls, just 14 and 15 years old, are actually involved in this, and have shared screenshots of the bank deposits to prove it's real. This is in Vancouver, Canada, but I assume it's happening elsewhere too.
It makes me really mad. Why are adult men with no contacts in common allowed to send messages to underage girls? Facebook knows your age and gender and contacts. Even if you have a public profile, this just shouldn't be permitted. That seems like the most simple and basic of protections and it hasn't been done.
How are these predators so brazen as to proposition children on Instagram without consequences? Are Instagram messages end-to-end encrypted? I'm a big fan of end-to-end encryption, but now I'm seeing some flaws with the idea.
If you have children, talk with them to make sure their Instagram account privacy settings are activated. I don't think it's a good idea for children to have a public account.
Facebook is known to be consistently harmful to mental health and privacy, while providing no benefit whatsoever. It is a net negative to society. There's no defending it.
I doubt we will see an uproar or shitstorm about this unless some celebrity is caught doing it. I also doubt a US company will be punished in any meaningful form for allowing this.
I'd say ban use of the apps in your house and let them use Tiktok instead (it does lock down profiles for children as default). I've given up warning against this.