Snap(US:SNAP) 智通财经网·2025-11-24 06:21Core Points - Snap is implementing age verification for users in Australia as part of a new social media usage restriction for individuals under 16 years old, effective December 10 [1] - The Australian government aims to protect children from online bullying and harmful content, with penalties of up to AUD 49.5 million for non-compliance by social media platforms [1] - Snap disagrees with being classified as a banned social media platform but will comply with the new regulations and encourages underage users to download and save their data [1] Summary by Category Regulatory Changes - Australia is becoming one of the strictest countries globally regarding social media usage by minors, with a law prohibiting individuals under 16 from having accounts or creating new ones [1] - Meta, the parent company of Facebook and Instagram, announced it will begin deleting underage accounts starting December 4 [1] Company Response - Snap will allow users to verify their age through linking to Australian bank accounts, presenting government-issued ID, or facial recognition [1] - Despite its disagreement with the classification, Snap is committed to adhering to the new regulations [1]