00:00It's Benzinga, bringing Wall Street to Main Street.
00:02MENA began warning thousands of young Australian users to save their data and delete their
00:06accounts out of a new ban on social media accounts for children under 16, according to the AP.
00:11Australia will require major platforms, including MENA's apps, Snapchat, TikTok,
00:15X, and YouTube, to block under 16 users starting December 10.
00:20MENA said teens will have two weeks to download their data, delete accounts,
00:23or update contact information, and older users wrongly flagged and verify their age through
00:27Yodi using ID documents or a video selfie.
00:30MENA estimates 500,000 Australians ages 13 to 15 used Instagram and Facebook out of a
00:36national population of 28 million.
00:38For all things money, visit Benzinga.com.
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