tech
Social media bans on teens risk strengthening Big Tech's grip on the sector, Bluesky exec warns
"We're living in a world where it's almost impossible for smaller entrants to come in and build healthier spaces," Bluesky's COO, Rose Wang, told CNBC.
TL;DR
- Bluesky COO Rose Wang believes government bans on social media platforms could strengthen Big Tech's industry control.
- Wang fears extreme regulation will create a market dominated by a few large platforms, making it difficult for smaller entrants to thrive.
- She supports youth safety but questions the cost of current regulatory approaches.
- Australia has implemented a ban for under-16s, requiring age verification from major platforms.
- Similar legislation is being considered in the UK, Spain, France, Austria, and at the state level in the US.
- Wang calls for regulation that balances innovation with protection for smaller and medium-sized businesses, while also regulating large tech companies that may circumvent rules.