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Stock impact report

New York Governor signs two new bills into law protecting kids from social media [Yahoo! Finance Canada]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
New York has passed two new laws restricting how social media companies interact with and collect data from users under the age of 18. New York Governor Kathy Hochul signed two bills into law on Thursday including the Stop Addictive Feeds Exploitation (SAFE) for Kids Act and the New York Child Data Protection Act. SAFE requires social media companies like Facebook and X to restrict addictive feeds to minors on its platforms. These include feeds that are “algorithmically driven” to prevent “unhealthy levels of engagement,” according to a press release. The New York Child Data Protection Act also prevents online sites and devices from collecting, sharing or selling the personal data of anyone under the age of 18. ADVERTISEMENT Both laws require companies to obtain consent from parents before allowing kids to access feeds driven by algorithms or collecting data from them. The new laws also require social media companies to create age verification and parental consent controls Show less Read more
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