07:31 AM EDT, 09/10/2025 (MT Newswires) -- (Updates with Meta's response in the fourth paragraph.)

The European Commission will consider possible restrictions on social media for children under 16 years of age, Bloomberg News reported Wednesday.

Commission President Ursula von der Leyen said she will establish a panel to advise on how to make social media safer for children in Europe by the end of the year.

The Commission head further said she will observe the results of the Australian rules closely, where similar restrictions are planned.

A Meta Platforms ( META ) spokesperson said that the company is not commenting directly on von der Leyen's speech but continues to support proposals to establish a common digital majority age across the EU, whereby parents must approve their younger teens' access to digital services.

Google ( GOOG ) and Snap (SNAP) did not immediately respond to MT Newswires' request for comment on the matter.

(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.)