00:00 It's Benzinga and here's what's on the block.
00:02 CEOs of Metta, TikTok, XSnap, and Discord will testify before the Senate Judiciary Committee
00:08 on Wednesday regarding child safety on their platforms.
00:11 Lawmakers want the companies to address the plague of child sexual exploitation material online
00:17 while addressing concerns about addictive platforms that harm the mental health of
00:21 children and young adults. Metta faces numerous lawsuits claiming its apps facilitate child
00:26 exploitation and prioritize growth over safety. Metta, Snap, TikTok, and Alphabet's Google YouTube
00:32 are involved in a coalition-led legal battle over claims that their products are addictive
00:36 and detrimental to the mental health of children and young adults.
00:40 Lawmakers are advocating for the Kids Online Safety Act, which mandates tech companies to
00:44 implement enhanced parental controls and conduct yearly audits to evaluate the risks their platforms
00:49 pose to children and young adults. For all things money, visit Benzinga.com.
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