What advice would you provide to parents regarding their child’s online presence?

Cyberbullying has become a serious issue in our society today. Find one recent example of cyberbullying from the mainstream media (i.e. it does not need to be a peer-reviewed article).
Include:
The article link & a brief summary of the event
Was there anything that could have been done to prevent the bullying or to help the victim?
How much did your parents monitor your online activities?
What advice would you provide to parents regarding their child’s online presence?

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