Australia's New Social Media Ban Could Cost Firms $32 Million

Reported about 10 hours ago

Australia is set to introduce legislation imposing fines of up to A$50 million ($32.5 million) on social media companies if they fail to prevent children under 16 from accessing their platforms. The bill places the responsibility on social media firms to ensure age verification, leaving no room for parental consent. While the legislation aims to create a safer online environment for youth, major platforms like Meta and X are urging that enforcement should fall on app stores, expressing concerns about the bill's implications.

Source: YAHOO

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