How UK's Latest Privacy Rules Target YouTube, Instagram, TikTok?

The Financial Times reports that the social media companies, video streaming, and gaming platforms operating in the U.K. could be up for a bumpy ride.
U.K.'s latest regulations to protect children's online data will be effective from Thursday next week. The rules seek to limit companies from tracking children's location, personalizing content or advertising for them, and serving up behavioral nudges, like automatically playing videos.
The breach of the code will entail penalties similar to the E.U.'s General Data Protection Regulation (GDPR), including a fine of up to 4% of global turnover for companies.
Recently the social-media platforms, including Apple Inc AAPL, Alphabet Inc's GOOG GOOGL, YouTube, Facebook Inc's FB Instagram, and ByteDance Ltd's TikTok, made changes to children's privacy amid global flak.
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