Portugal Parliament approves draft bill that requires parental approval for children aged 13-16 to access social media and image-sharing platforms

Portugal Parliament approves draft bill that requires parental approval for children aged 13-16 to access social media and image-sharing platforms.

The Portuguese Parliament's approval of a draft bill mandating parental consent for minors aged 13-16 to use social media could signal a broader regulatory trend in the EU focused on digital safety and privacy. This move may impact media and tech companies operating in Europe, raising operational costs or requiring changes to user engagement models. Overall, markets may perceive this as part of increasing scrutiny on social media platforms, which could affect investor sentiment toward tech stocks.