Meta, TikTok sued in Brazil over usage by minors, Reuters reports
The Fly

Meta, TikTok sued in Brazil over usage by minors, Reuters reports

Brazilian consumer rights group Collective Defense Institute has filed two lawsuits against Meta, TikTok and Kwai, a short video platform from China, demanding over $525M for allegedly failing to create mechanisms to prevent indiscriminate use of these social media platforms by minors, according to initial petitions reviewed by Reuters, Ricardo Brito reports. The lawsuits call for the companies to clearly issue warnings about how platform addiction can negatively impact minors’ mental health and for the companies to lay out detailed data protection mechanisms.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App