Big tech opposes YouTube exemption from Australia's ban on social media for children [Yahoo! Finance Canada]
Snap Inc. Class A (SNAP)
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Source: Yahoo! Finance Canada
and TikTok have urged Australia to reconsider a decision to exempt Alphabet's YouTube from its laws banning social media for children younger than 16. The landmark legislation setting some of the world's most stringent limits on social media was approved by Australia's parliament in November, forcing such firms to bar log-ins by minors, or pay fines of up to A$49.5 million ($31 million). YouTube stands to be exempted from the ban set to take effect by the end of the year as it is considered a key educational tool and is the only service allowed for children as part of a family account with parental supervision rights. But Meta said a young person with a YouTube account experiences the features outlined by the government to justify the ban, including algorithmic content recommendations, social interaction features and exposure to harmful content. "YouTube's exemption is at odds with the purported reasons for the law and we call on the government to ensure equal application of t
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- Australian teens were kicked off social media this week. Some are back already [CNN]CNN
- Australian teens were kicked off social media this week. Some are back [CNN]CNN
- World Watches First Teen Social Media Ban Start in Australia [Yahoo! Finance Canada]Yahoo! Finance Canada
- Matthew McRae Joins Snap Inc. Board of DirectorsBusiness Wire
- Despite Mixed Analyst Sentiment, Snap Inc. (SNAP) Advances Its AR Strategy Through New AI Partnerships [Yahoo! Finance]Yahoo! Finance
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