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.
AI Summary
Bluesky's COO Rose Wang warns that government bans on social media for teens could strengthen Big Tech's dominance, making it nearly impossible for smaller platforms to compete. She supports youth safety but fears heavy regulation will favor large platforms with massive compliance teams. Bluesky, a smaller open-source platform with 43 million users, struggles to maintain popularity against industry giants.