Business & FinanceGovernmentTechnology
06 March 2023, 2:29 pm 1 minute
| Reuters exclusively reported that Snapchat (SNAP.N) is kicking dozens of children in Britain off its platform each month, compared with tens of thousands blocked by rival TikTok. Social media platforms, such as Meta’s (META.O) Instagram, ByteDance’s TikTok, and Snap Inc.’s Snapchat, require users to be at least 13 years old to protect the privacy and safety of young children. Social media companies are responsible for setting age limits on their platforms, but under the long-awaited Online Safety Bill they will be required by law to uphold these limits, with those failing to uphold their terms of service facing fines up to 10% of their annual turnover. |
Market Impact
Companies that fail to uphold their terms of service face being fined up to 10% of their annual turnover.
Article Tags
Topics of Interest: Business & FinanceGovernmentTechnology
Type: Reuters Best
Sectors: Business & FinanceGovernment & Public ServicesTechnology
Regions: Europe
Countries: EnglandUK
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story