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As Meta, TikTok, X And Snapchat Stare At Tough Under-16 Ban, Australia's PM Says Destroy Personal Data 'Once Age Is Verified' Or Risk $32M Fine - Meta Platforms (NASDAQ:META), Snap (NYSE:SNAP)

  • Australian Prime Minister Anthony Albanese announced that social media firms must destroy personal data used for age verification to prevent under-16s from using their services.
  • Companies not complying could face fines up to $32 million, as per the new legislation targeting under-age users.
  • The proposed regulations include stringent privacy requirements and will undergo trials for effective age verification methods.
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