Australia is moving ahead with a new rule that will ban children under the age of 16 from having social media accounts. The law is set to take effect in December and has been described as a world-first attempt to protect children from the harmful effects of social media. Platforms like Facebook, Instagram, Snapchat, and YouTube will be required to take reasonable steps to block underage users or face fines of up to 50 million Australian dollars ($32.6m).
Companies like Thumzup Media Corp. (NASDAQ: TZUP) that focus on AI-backed social media marketing are likely to take a keen interest in the developments in…
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