“Iowa Attorney General Brenna Bird sued TikTok for deceiving Iowans, particularly parents, by lying about children’s widespread access to inappropriate content on its social-media app. “TikTok has kept parents in the dark,” said Attorney General Bird. “It’s time we shine a light on TikTok for exposing young children to graphic materials such as sexual content, self-harm, illegal drug use, and worse. TikTok has sneaked past parental blocks by misrepresenting the severity of its content. But no longer. As a mom and prosecutor, I am committed to equipping parents with information to keep their kids safe and to holding TikTok accountable.” The lawsuit explains that TikTok:Claims a “12+” rating in Apple’s App Store, despite frequent and intense adult content, including: Sexual content and nudity Profanity and crude humorMature and suggestive themes….”Other publicly traded companies in the social media space include: Meta Platforms (META), Snap (SNAP), X(TWTR), Alphabet (GOOG, GOOGL), Spotify (SPOT) and Tencent (TCEHY) and Pinterest (PINS).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PINS:
- Seaport Research Internet analysts hold analyst/industry conference call
- #SocialStocks: Meta to start restricting certain content from teens on Instagram
- Pinterest call volume above normal and directionally bullish
- Netflix downgraded, Alphabet initiated: Wall Street’s top analyst calls
- Pinterest price target raised to $42 from $36 at Stifel
Questions or Comments about the article? Write to editor@tipranks.com