Prime Minister Rishi Sunak’s UK government is exploring ways to regulate social media access for children under the age of 16, Thomas Seal, Kitty Donaldson, and Jillian Deutsch of Bloomberg report, citing people familiar with the matter. The Minister plans to start consultation as soon as January to gather evidence of the extent of social media’s potential harm to children, Bloomberg’s sources added. Deliberations are still early, and the policy may not be pursued. Furthermore, while bans were discussed, one source said they were unlikely to be a part of the final plan while another source added measures like a ban or improved parental controls had not been ruled out. Publicly traded companies in the space include Meta Platforms (META), Pinterest (PINS) and Snap (SNAP).
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