Reddit (RDDT) and Meta's (META) Instagram are among fifteen companies being investigated in Texas over privacy and safety practices concerning minors, Texas Attorney General Ken Paxton said in a statement Thursday.
The probe was launched pursuant to the Securing Children Online through Parental Empowerment, or SCOPE Act, and the Texas Data Privacy and Security Act, or TDPSA.
The SCOPE Act prohibits digital service providers from sharing, disclosing, or selling minors' personal identifying information without parental consent, while the TDPSA imposes stringent notice and consent requirements on companies handling minors' data, the Attorney General said. The laws also govern minors' interactions with artificial intelligence products, according to the statement.
Other tech platforms that are being investigated include Discord and Character.AI.
Reddit and Meta did not immediately respond to requests for comment from MT Newswires.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.