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Market Mover | De Grey stock soars 30% after Northern Star acquires De Grey in a A$5 billion stock deal
Take the lead! australia has regulations that impose heavy penalties on platforms if teenagers use social media.
① The Australian Ministry of Communications has submitted a bill prohibiting children under 16 from using social media, with non-compliant platforms facing fines of up to 50 million australian dollar; ② The bill has received broad political support in Australia, and if successfully legislated, social media companies will have one year to implement age restrictions; ③ Major global social media companies are taking a wait-and-see approach to this.
AU Morning Wrap | ASX 200 Declines from Record High
Market Mover | Life360 shares fall 6% following co-founder's share sale.
Market Mover | Sigma shares surge 23% as the ACCC approves the continuation of the Sigma and CW merger
Market Mover | Zip shares surge 5%, maintaining an upward trajectory