No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 12, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Brazil institute sues social media giants for $525 million over excessive use by minors By Reuters

by TheAdviserMagazine
12 months ago
in Business
Reading Time: 2 mins read
A A
Brazil institute sues social media giants for 5 million over excessive use by minors By Reuters
Share on FacebookShare on TwitterShare on LInkedIn


By Ricardo Brito

BRASILIA (Reuters) – Brazil’s Collective Defense Institute has filed two lawsuits demanding 3 billion reais ($525.27 million) from the Brazilian units of TikTok, Kwai and Meta Platforms (NASDAQ:) for allegedly failing to create mechanisms to prevent indiscriminate use of these social media platforms by minors, according to initial petitions seen by Reuters.

WHY IT’S IMPORTANT

Social media regulation has become a hot topic in Latin America’s largest country after a months-long feud between X owner Elon Musk and a Brazilian Supreme Court justice resulted in the company paying hefty fines. 

DETAILS

In the lawsuits, the organization demands the courts, both in the state of Minas Gerais, to order the companies to create clear data protection mechanisms and issue warnings about the risks to children’s and teenagers’ mental health due to platform addiction.

The lawsuits are based on a series of studies on the possible damage caused by unsupervised use of social media, especially by children and teenagers.

KEY QUOTE

“It is urgent that measures be adopted in order to change the way the algorithm works, the processing of data from users under 18, and the way in which teenagers aged 13 and over are supervised and their accounts created, in order to ensure a safer, healthier experience … as is already the case in developed countries,” said lawyer Lillian Salgado, one of the plaintiffs.

THE RESPONSE

Meta Platforms said in a statement that it wants “young people to have safe and age-appropriate experiences on our apps, and we have been working on these issues for over a decade, developing more than 50 tools, resources, and features to support teens and their guardians.”

The company, which owns Facebook, Instagram and WhatsApp, also said it had recently announced a new “Teen Account” on Instagram, which will arrive in Brazil soon and promises to automatically limit the accounts teenagers can see and who may contact them.

TikTok said it had not received any notice about the case, while Kwai did not immediately respond to a request for comment.

($1 = 5.7113 reais)



Source link

Tags: BrazilExcessivegiantsInstitutemediaMillionMinorsReutersSocialsues
ShareTweetShare
Previous Post

Biden proposal would ‘effectively prohibit’ sale of Polestar cars in US, automaker says By Reuters

Next Post

An ultra-rare 1975 dime stashed away for decades just surfaced—and sold for a whopping $500,000

Related Posts

edit post
Diane Keaton’s quiet activism helped preserve these Los Angeles landmarks

Diane Keaton’s quiet activism helped preserve these Los Angeles landmarks

by TheAdviserMagazine
October 11, 2025
0

While Oscar-winning actor Diane Keaton was best known for roles in Woody Allen movies and the Godfather saga, she was...

edit post
Could Buying Amazon Stock Today Set You Up For Life?

Could Buying Amazon Stock Today Set You Up For Life?

by TheAdviserMagazine
October 11, 2025
0

Amazon (NASDAQ: AMZN) has been a bit of a disappointment for investors lately. Its stock has gained just 34% over...

edit post
Gold prices could soar to ,000 per ounce in just three years

Gold prices could soar to $10,000 per ounce in just three years

by TheAdviserMagazine
October 11, 2025
0

After surging nearly 50% so far this year, gold could skyrocket 150% as early as 2028 if its current pace...

edit post
Diane Keaton, Oscar-winning star of ‘Annie Hall’ and ‘The Godfather,’ dies at 79

Diane Keaton, Oscar-winning star of ‘Annie Hall’ and ‘The Godfather,’ dies at 79

by TheAdviserMagazine
October 11, 2025
0

Diane Keaton, the Oscar-winning star of “Annie Hall,” “The Godfather” films and “Father of the Bride,” whose quirky, vibrant manner...

edit post
Mark Cuban Shares His Top Strategies for Protecting Wealth After Hitting Millionaire Status

Mark Cuban Shares His Top Strategies for Protecting Wealth After Hitting Millionaire Status

by TheAdviserMagazine
October 11, 2025
0

Billionaire Mark Cuban once disclosed his strategies for preserving wealth after becoming a millionaire. These insights could be beneficial for anyone aiming...

edit post
Truce fizzles as US-China trade tensions return to full boil

Truce fizzles as US-China trade tensions return to full boil

by TheAdviserMagazine
October 11, 2025
0

For months, bubbling trade tensions between China and the US seemed to calm to a simmer, with words like "thaw"...

Next Post
edit post
An ultra-rare 1975 dime stashed away for decades just surfaced—and sold for a whopping 0,000

An ultra-rare 1975 dime stashed away for decades just surfaced—and sold for a whopping $500,000

edit post
Samsung unveils Galaxy Z Fold Special Edition

Samsung unveils Galaxy Z Fold Special Edition

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
Simplifying Workflows and Safeguardin Your Data

Simplifying Workflows and Safeguardin Your Data

0
edit post
Diversity and Investment Performance: What Trade-Off?

Diversity and Investment Performance: What Trade-Off?

0
edit post
12 Walmart Deals You Don’t Want to Miss!

12 Walmart Deals You Don’t Want to Miss!

0
edit post
The Surprising Behavioral Science That Built Five Guys: Goal Dilution

The Surprising Behavioral Science That Built Five Guys: Goal Dilution

0
edit post
Technological Innovations Driving the U.S. Breast Cancer Diagnostic Market

Technological Innovations Driving the U.S. Breast Cancer Diagnostic Market

0
edit post
Bank earnings preview: These major banks are set to report Q3 2025 results next week

Bank earnings preview: These major banks are set to report Q3 2025 results next week

0
edit post
Fighting for Peace

Fighting for Peace

October 12, 2025
edit post
Diane Keaton’s quiet activism helped preserve these Los Angeles landmarks

Diane Keaton’s quiet activism helped preserve these Los Angeles landmarks

October 11, 2025
edit post
Could Buying Amazon Stock Today Set You Up For Life?

Could Buying Amazon Stock Today Set You Up For Life?

October 11, 2025
edit post
Gold prices could soar to ,000 per ounce in just three years

Gold prices could soar to $10,000 per ounce in just three years

October 11, 2025
edit post
Bitcoin’s Pullback A Healthy One? Chart Signals Move To New All-Time High

Bitcoin’s Pullback A Healthy One? Chart Signals Move To New All-Time High

October 11, 2025
edit post
Diane Keaton, Oscar-winning star of ‘Annie Hall’ and ‘The Godfather,’ dies at 79

Diane Keaton, Oscar-winning star of ‘Annie Hall’ and ‘The Godfather,’ dies at 79

October 11, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Fighting for Peace
  • Diane Keaton’s quiet activism helped preserve these Los Angeles landmarks
  • Could Buying Amazon Stock Today Set You Up For Life?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.