tech regulation

Investors face a volatile trading day with tech giants like Meta and Google under scrutiny for platform addictiveness, potentially marking a “Big Tobacco” moment. Geopolitical tensions, particularly in the Middle East, are driving up energy prices. Meanwhile, IPO buzz for SpaceX is fueling a space sector rally, but persistent inflation, driven by energy costs, poses a threat to AI-driven growth. Prediction markets also face increasing regulatory pressure.

Spain is banning social media for under-16s, deeming platforms “failed states” rife with abuse and disinformation. Mirroring Australia, the move mandates robust age verification and holds tech giants accountable. Prime Minister Sanchez criticized platforms like TikTok, X, and Instagram for serious infractions. This initiative, part of broader regulations on tech executives and algorithmic manipulation, positions Spain as a European leader, with France and the UK exploring similar measures. The trend signals increased global scrutiny of social media’s impact on youth.