financetom
Business
financetom
/
Business
/
Market Chatter: Apple Ramps Up Efforts Against Texas Age Verification Bill
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Apple Ramps Up Efforts Against Texas Age Verification Bill
May 26, 2025 1:27 PM

11:57 AM EDT, 05/23/2025 (MT Newswires) -- Apple ( AAPL ) Chief Executive Tim Cook called Texas Governor Greg Abbott last week, asking him to change or veto a new bill that would require app stores to verify the age of users and link minors' accounts to their parents, The Wall Street Journal reported Friday, citing unnamed people familiar with the call.

Despite Apple's ( AAPL ) efforts, the bill passed the Texas legislature with veto-proof support. "The Governor will thoughtfully review this legislation, as he does with any legislation sent to his desk," a spokesperson for Abbott was quoted as saying. To push back, Apple ( AAPL ) has hired more lobbyists and funded ads against the bill, the report added.

The law, dubbed App Store accountability law, would make Apple ( AAPL ) and similar tech companies responsible for confirming a device owner's age and notifying parents when a child wants to download an app.

"If enacted, app marketplaces will be required to collect and keep sensitive personal identifying information for every Texan who wants to download an app, even if it's an app that simply provides weather updates or sports scores," an Apple ( AAPL ) spokesman was quoted as saying.

The bill is part of a broader wave of age-verification laws being introduced across the US, the report added.

Apple ( AAPL ) didn't immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 196.19, Change: -5.17, Percent Change: -2.57

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved