EU to Propose Social Media Ban for Children Under 13

Regulation Impact 4
โดย Seeking Alpha·EU·Read original
Summary · why it matters

European Commission President Ursula von der Leyen said the EU will push for social media restrictions for children under 13 years, with a draft proposal set to be introduced on Thursday. The draft will impose strict age restrictions and verification requirements on social media, video-sharing platforms, app stores, online games, AI companions, and conversational AI chatbots, according to Bloomberg. "No social media under the age of 13. No personal account under the age of 15," von der Leyen said in her annual address on Wednesday, adding that the proposed law would allow 13- and 14-year-olds to have accounts with limited features and parental supervision. Companies that fail to meet the requirements could face fines of up to 6% of their annual sales. The bloc's upcoming rules follow Australia's ban last year on social media for children aged under 16, while individual EU member states have also been looking at setting their own restrictions.

Impact on stocks 4

Spatial Computing / AR/VR · 2 stocks
Meta Platforms Inc.
META
▼ NegativeRegulationrelevance

Meta's social platforms face the EU's proposed under-13 ban, age-verification mandates, and fines up to 6% of annual sales.

Snap Inc
SNAP
▼ NegativeRegulationrelevance

Snapchat would be subject to the EU's proposed under-13 ban, age-verification rules, and 6%-of-sales fines.

Artificial Intelligence · 1 stocks
Alphabet Inc Class C
GOOG
▼ NegativeRegulationrelevance

EU draft would impose strict age-verification and under-13 bans on social/video platforms, exposing Alphabet's YouTube to fines up to 6% of sales.

Communication Services · 1 stocks
Reddit, Inc.
RDDT
▼ NegativeRegulationrelevance

Reddit's social platform would fall under the EU's proposed age restrictions and verification requirements for minors.

Theme Impact 2

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