This commentary is about as far from the markets as you can get but here goes...
Louis CK, for those that are unaware, is a painfully funny comedian of the Jerry Seinfeld mode. His observational humor on parenting and the people he encounters is some of the funniest stuff you'll ever see (however, if you have sensitive ears you might want to take a pass because he is very graphic).
He's recently made the rounds with a clip from a late night TV talk show where he rails against kids having cell phones. Some of his arguments are sound but he misses the boat on a one big item.
"I think these things are toxic, especially for kids...they don't look at people when they talk to them and they don't build empathy. You know, kids are mean, and it's 'cause they're trying it out. They look at a kid and they go, 'you're fat,' and then they see the kid's face scrunch up and they go, 'oh, that doesn't feel good to make a person do that.' But they got to start with doing the mean thing. But when they write 'you're fat,' then they just go, 'mmm, that was fun, I like that.'
While this is spot on and I completely agree, he's targeting a vehicle - cell phones - rather than the greater issue - technology in our culture.
Take away a child's cell phone and they login to instagram, snapchat or kik on their laptop. Take away the laptop and they use Mom's ipad or their sister's ipod. Take those away and your child will just login at a friend's house.
The key is to not stick your head in the sand. Small minded people will say stupid things on the internet (if you don't believe me look up some of the ridiculous tweets sent out after Miss NY won the Miss America pageant last week - thank you www.publicshaming.tumblr.com for recording these idiots). This will be going on for the rest of our time on this planet. It's best to address it now with your kids because if you don't there will come a time when they are going to get the shock of their lives when you lift the tech veil off them when they go to college.