Google, Meta urge Australia to delay bill on social media ban for children
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Google and Meta Platforms have requested the Australian government to delay a bill that would ban most social media for children under 16, citing the need for more time to assess its impact.
November 26, 2024 | 3:00 am
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NEUTRAL IMPACT
Google is urging a delay in the Australian bill that would ban social media for children under 16, indicating concerns about the bill's impact on its services.
Google's request to delay the bill suggests potential regulatory challenges that could affect its operations in Australia. However, the immediate financial impact is uncertain, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Meta Platforms is advocating for a delay in the Australian bill that would restrict social media access for children under 16, highlighting concerns over its impact.
Meta's involvement in requesting a delay indicates potential regulatory hurdles that could impact its user base in Australia. The short-term financial impact remains unclear, resulting in a neutral price direction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80