• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Texas probes tech platforms over safety and privacy of minors

by December 13, 2024
written by December 13, 2024

By Kanishka Singh

WASHINGTON (Reuters) – Texas Attor­ney Gen­er­al Ken Pax­ton said on Thursday his office launched investigations into over a dozen technology platforms over their privacy and safety practices for minors.

Those being probed included artificial Intelligence chatbot startup Character.AI and fourteen other platforms like Reddit, Instagram and Discord, the Texas attorney general added.

WHY IT’S IMPORTANT

Tech platforms have come under increasing scrutiny over their impact on children. Top U.S. social media platforms made an estimated $11 billion in advertising revenue from users younger than 18 in 2022, according to a Harvard study published last year.

U.S. Surgeon General Vivek Murthy last year warned that young people using social media risked suffering body image issues, disordered eating, poor sleep quality and low self-esteem, especially among adolescent girls.

KEY QUOTE

“Technology companies are on notice that my office is vigorously enforcing Texas’ strong data privacy laws,” Paxton said.

CONTEXT

Social media companies have said they will work with officials to protect young users, and say they have introduced new tools designed to protect teens online, including parental control features. The firms had no immediate comment on Thursday.

Paxton’s statement said the probes would focus on the platforms’ compliance with two Texas laws – the Securing Children Online through Parental Empowerment (SCOPE) Act and the Texas Data Privacy and Security Act (TDPSA).

The SCOPE Act bans digital service providers from sharing, disclosing, or selling a minor’s personal identifying information without permission from the child’s parent or legal guardian. The legislation requires firms to provide parents with tools to manage and control the privacy settings on their child’s account.

The TDPSA imposes notice and consent requirements on companies that collect and use minors’ personal data, Paxton’s office said.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Gilead appoints Sanofi official Dietmar Berger as next chief medical officer
next post
Trump advisers seek to shrink or eliminate bank regulators, WSJ reports

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • ‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots

      May 16, 2025
    • Netflix says its ad tier now has 94 million monthly active users

      May 15, 2025
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

      May 15, 2025
    • YouTube will stream NFL Week 1 game in Brazil for free

      May 15, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (464)
    • Stock (6,426)

    Latest News

    • ‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots
    • Netflix says its ad tier now has 94 million monthly active users

    Popular News

    • Salesforce shines in KeyBanc’s 2025 outlook, Amplitude among top picks
    • D.E. Shaw takes $1 billion short bet on Bayer, regulatory filing shows

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy