Social Media

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Utah Passes Laws to Regulate Social Media Use for Minors

  Utah has become the first state in the United States to enact sweeping legislation aimed at regulating the use of social media by minors. The move comes as the impact of social media on young people’s mental health continues to cause concern. On Thursday, Utah Governor Spencer Cox signed two bills that are designed to provide greater protection to young people on social media platforms. Parental Consent and Verification Required The first of the two bills signed into law……

Dutch Government Follows Global Trend, Orders TikTok Removal from Officials’ Phones

  The Netherlands has joined a growing list of countries raising concerns about the Chinese-owned social media app TikTok, instructing government officials to remove the app from their phones. With over one billion active users in 150 countries, TikTok has become a controversial subject due to alleged security risks tied to its parent company, ByteDance, and the potential for user data to be accessed by the Chinese government. Worldwide Restrictions on TikTok Various countries, including the United States, Canada, Denmark,……

US Government Demands TikTok Ownership Change Amid National Security Concerns

The US government has warned TikTok, the popular video-sharing app owned by Chinese company ByteDance, that it must change ownership or face a potential ban in the country. American officials have expressed concerns about national security risks due to the data collected from millions of users, fearing that it could fall into the hands of the Chinese government. Demands for Divestment from ByteDance The Wall Street Journal reported that the Committee on Foreign Investments in the United States (CFIUS) has……

Social Media Silicon Valley

Social Media Accelerates Collapse of Silicon Valley Bank

Silicon Valley Bank (SVB) experienced a rapid collapse, leaving experts questioning the role social media played in the crisis. The speed of the bank’s decline has led to plummeting shares in banks worldwide, heightening fears of a wider financial crisis. Bank executives and regulators have been forced to move quickly in response to the unprecedented situation. US authorities guaranteed all deposits in SVB and smaller bank Signature within 48 hours of the collapse, and the Swiss central bank provided Credit……

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