Addiction economy: Can regulators rein in social media platforms?
NeutralFinancial Markets
- Australia has enacted a significant ban on social media access for individuals under the age of 16, effective December 10, 2025. This legislation targets major platforms such as Instagram, YouTube, and TikTok, aiming to protect minors from the adverse effects of social media, including addiction and cyberbullying.
- This development positions Australia as a pioneer in regulating social media usage among youth, potentially influencing other nations to adopt similar measures. The ban reflects growing concerns over the mental health implications of social media on children and adolescents.
- The move is part of a broader global discourse on the responsibilities of social media companies in safeguarding user well-being, particularly among vulnerable populations. As governments worldwide consider similar restrictions, the effectiveness and enforcement of such bans remain critical topics of discussion.
— via World Pulse Now AI Editorial System
