October 29, 2024 12:17 PM

Brazil institute sues social media giants for $525 mln over usage by minors

Brazil's Collective Defense Institute, a consumer rights group, has filed two lawsuits demanding 3 billion reais ($525.27 million) from the Brazilian units of TikTok, Kwai and Meta Platforms for allegedly failing to create mechanisms to prevent indiscriminate use of these social media platforms by minors, according to initial petitions reviewed 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 own...