Australia Plans to Double Fines for Social Media Platforms Over Child Accounts

The Australian government is set to introduce legislation this week that would double fines imposed on social media platforms, including Meta's Facebook and Instagram, if they fail to prevent children under the age of 16 from having accounts. Communications Minister Anika Wells announced the move.

By Manshi Mamtora, CFA, SA News Editor · Seeking Alpha ·

Australia Plans to Double Fines for Social Media Platforms Over Child Accounts

Tickers: $META

Topics: child safety online social media regulation

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