It's not about actually caring about making minors safer on their platform, or caring about giving tools to guardians to help keep minors safer on their platform.

It is about having something to point to the next time Meta is called in front of a congressional subcommittee to discuss proposed regulations. Look, we did positive things to our platform in the name of protecting minors, and we did it voluntarily, despite what losses we saw in that demographic! We definitely can (and so totally do) put the control of those protections in the hands of parents, where it belongs! We don't need to be regulated, because we're doing it ourselves already!

Isn’t insta already dead for teens? I thought it was their parents platform now.

Anything "more" will probably just be a thinly veiled attempt at more surveillance and censorship systems.