New York state lawmakers on Friday passed legislation to bar social media platforms from exposing "addictive" algorithmic content to users under age 18 without parental consent, becoming the latest of several states moving to limit online risks to children. A companion bill to restrict online sites from collecting and selling the personal data of underage users also gained final legislative approval in the New York Assembly on Friday, a day after both measures cleared the state Senate. Governor Kathy Hochul is expected to sign both into law.
Meta Platforms is the IBD Stock of The Day. Meta stock is in a consolidation pattern as it recovers from a Q1 letdown.
After a difficult earnings-fueled pullback in April, Meta Platforms is bouncing back and nearing a fresh entry.