Meta Steps Up for Child Online Safety: Zuckerberg to Testify as Company Tightens Privacy Controls
Portfolio Pulse from Anusuya Lahiri
Meta Platforms Inc (NASDAQ:META) has partnered with the Center for Open Science to share 'privacy-preserving social media data' with researchers, ahead of a congressional hearing on children's online safety. The company, facing pressure to provide data for research on social media's mental health impact, expanded access through the Meta Content Library. CEO Mark Zuckerberg will testify before Congress, as Meta introduces new safety measures on Facebook and Instagram, including messaging restrictions and parental controls. META shares were up 0.47% premarket.
January 30, 2024 | 11:17 am
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Meta Platforms Inc partners with the Center for Open Science for child safety research and introduces new safety measures on its platforms. Zuckerberg to testify before Congress. META shares up 0.47% premarket.
The partnership with the Center for Open Science and the introduction of new safety measures demonstrate Meta's proactive stance on child online safety, which could improve public and investor perception. The upcoming testimony by Zuckerberg may also impact investor sentiment. The premarket share price increase suggests a positive short-term impact.
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