Texas Governor Greg Abbott has signed an online child safety bill that requires Apple (AAPL) and Google (GOOGL) to ensure that their app stores verify the age of users in the state, Bloomberg’s Joe Lovinger and Julie Fine report. Under the new law, minors will need parental approval before they can download apps or make in-app purchases. The bill was opposed by Google and Apple. “We believe there are better proposals that help keep kids safe without requiring millions of people to turn over their personal information,” an Apple spokesperson said in a statement on Tuesday.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Apple to launch dedicated video game app later this year, Bloomberg reports
- Apple acquires game studio RAC7, Digital Trends reports
- Apple Stock (AAPL) Won’t Be Saved by iPhones from India
- Here’s Why Apple’s (AAPL) Satellite Goals Are Under Threat
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue