TNB Tech Minute: EU Chief Plans to Curb Children’s Access to Social Media
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What is the EU Kids Act and how will it restrict children’s access to social media?
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Here's your afternoon, TNB Tech Minute, for Wednesday, September sixteenth. I'm Julie Chang for the Wall Street Journal. The European Commission will propose a Kids Act this week to regulate youth access to social media, addressing mental health concerns like self-harm and sleep loss.
How does the new bipartisan crypto bill change tax rules for digital assets?
European Commission President Ursula von der Leyen revealed details of the plan during a speech at the European Parliament.
Children are pulled ever deeper into feeds designed to keep them scrolling. What we are witnessing is a great capture of our children. I capture their attention, their focus, their minds.
Under the plans, children younger than thirteen wouldn't have access to social media, while those between thirteen and fifteen would get limited access under parental supervision. And online platforms would be obliged to ensure they are safe for young people older than that.
Why is ByteDance’s AI spending hurting profit despite strong revenue growth?
The proposal comes as several EU member nations develop individual regulations. The House Ways and Means Committee approved bipartisan legislation in a 38-5 vote today to resolve tax rules for digital assets. The bill would create tax exemptions for small fees, ease the use of cryptocurrency and stable coins for consumer transactions, classify mining and staking rewards as ordinary income rather than capital gains, and more. The path for the bill remains unsubstantiated. Uncertain, however, and could be considered in the post election session. Finally, ByteDance's AI spending pressured profit in the first half of the year, but the TikTok parents revenue accelerated as a US regulatory overhang cleared.
According to people familiar with the matter, first half revenue grew over thirty percent to one hundred and twenty billion dollars, driven by international advertising, live streaming, and TikTok e commerce, while net profit eased to twenty.
What are the key takeaways from the EU’s proposed youth‑safety regulations?
billion dollars. A syndicate of global banks have agreed to lend ByteDance over $29 billion earlier this month to fund general corporate purposes and AI research. And that's it for your TNB Tech Minutes. We'll have another Quick Tech update in the morning.
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Chapters
5 chapters
1
What is the EU Kids Act and how will it restrict children’s access to social media?
0:00–0:50
2
How does the new bipartisan crypto bill change tax rules for digital assets?
0:50–1:29
3
Why is ByteDance’s AI spending hurting profit despite strong revenue growth?
1:29–2:31
4
What are the key takeaways from the EU’s proposed youth‑safety regulations?
2:31–2:56
5
How can listeners use Polymarket to trade predictions on tech and finance topics?
2:56–3:34
Speakers
1 identifiedMore from WSJ Tech News Briefing
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