After Feud With Elon Musk And Mark Zuckerberg, Australian PM Anthony Albanese Set To Ban Social Media For Children, Citing Health Concerns
Portfolio Pulse from Benzinga Neuro
Australia plans to introduce legislation banning children from using social media platforms like Meta's Instagram and Facebook, and TikTok, due to health concerns. The move follows criticism of social media companies and aims to address cyberbullying and harmful content exposure.
September 10, 2024 | 2:02 am
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Australia's proposed ban on children using social media platforms, including Meta's Instagram and Facebook, could impact user growth and engagement metrics for Meta Platforms Inc. This regulatory move follows criticism of Meta's practices in Australia.
The proposed legislation directly targets Meta's platforms, potentially reducing the number of young users and affecting engagement metrics. This follows previous criticism of Meta by the Australian government, indicating a challenging regulatory environment.
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