Parental Control Or Privacy Invasion? Louisiana's New Bill Sparks Debate Over Minors' Online Access
Portfolio Pulse from Ananya Gairola
Louisiana lawmakers passed a bill, HB61, prohibiting minors from creating social media accounts without parental consent. The bill could affect platforms like Meta Platforms' Instagram and Roblox Corporation's online games. Other states like Utah, Arkansas, and California have also considered similar regulations.
June 09, 2023 | 10:29 am
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NEGATIVE IMPACT
Louisiana's HB61 bill could impact Meta Platforms' Instagram by prohibiting minors from creating accounts without parental consent.
The bill could lead to a decrease in the number of new users on Instagram, as minors would require parental consent to create accounts. This could negatively impact Meta Platforms' user growth and engagement metrics, potentially affecting its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Louisiana's HB61 bill could impact Roblox Corporation's online games by prohibiting minors from creating accounts without parental consent.
The bill could lead to a decrease in the number of new users on Roblox's online games, as minors would require parental consent to create accounts. This could negatively impact Roblox Corporation's user growth and engagement metrics, potentially affecting its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80