Connect with us

Hi, what are you looking for?

Stock

Brazil institute sues social media giants for $525 million over usage by minors

By Ricardo Brito

BRASILIA (Reuters) – Brazil’s Collective Defense Institute, a consumer rights group, has filed two lawsuits demanding 3 billion reais ($525.27 million) from the Brazilian units of TikTok, Kwai and Meta Platforms (NASDAQ:META) for allegedly failing to create mechanisms to prevent indiscriminate use of these social media platforms by minors, according to initial petitions reviewed by Reuters.

WHY IT’S IMPORTANT

Social media regulation has become a hot topic in Latin America’s largest country after a months-long feud between X owner Elon Musk and a Brazilian Supreme Court justice resulted in the company paying hefty fines. 

DETAILS

The lawsuits demand the companies create clear data protection mechanisms and issue warnings about the risks to children’s and teenagers’ mental health due to platform addiction.

The lawsuits are based on a series of studies on the possible damage caused by unsupervised use of social media, especially by children and teenagers.

KEY QUOTE

“It is urgent that measures be adopted in order to change the way the algorithm works, the processing of data from users under 18, and the way in which teenagers aged 13 and over are supervised and their accounts created, in order to ensure a safer, healthier experience … as is already the case in developed countries,” said lawyer Lillian Salgado, one of the plaintiffs.

THE RESPONSE

Meta Platforms said in a statement that it wants “young people to have safe and age-appropriate experiences on our apps, and we have been working on these issues for over a decade, developing more than 50 tools, resources, and features to support teens and their guardians.”

The company, which owns Facebook, Instagram and WhatsApp, also said it had recently announced a new “Teen Account” on Instagram, which will arrive in Brazil soon and promises to automatically limit the accounts teenagers can see and who may contact them.

TikTok said it had not received any notice about the case, while Kwai, a social media site based around short videos, said in a statement that user safety is one of its priorities, specially when it comes to minors.

($1 = 5.7113 reais)

This post appeared first on investing.com






    You May Also Like

    Editor's Pick

    Sen. JD Vance (R-Ohio) and Minnesota Gov. Tim Walz (D) will face off Tuesday night at a CBS News vice-presidential debate in New York....

    Latest News

    A North Korean defector who escaped to the South more than a decade ago was detained after attempting to cross back into North Korea...

    Economy

    A U.N. human rights group confirmed Hamas’ leader in Lebanon, who was recently killed by Israeli strikes, was their employee.  Fateh Sherif was killed...

    Investing

    Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) have completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands...

    Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 balanceandcharge.com