TikTok Parent Forced To Restrict Screen Time For Minors In China: WSJ

TikTok parent ByteDance Ltd will restrict access to TikTok's Chinese version Douyin to 40 minutes a day for users below 14, the Wall Street Journal reported.
Douyin's "youth mode" will restrict under-14s to between 6 a.m. and 10 p.m.
China's regulator had recently put a cap on the online game hours for players below eighteen.
Douyin urged parents to register their children with their real names and ages.
In the U.S., Facebook Inc (NASDAQ:FB) is striving to win user time from TikTok.
Facebook has found that its photo and video sharing app Instagram is harmful to a significant number of teenagers, especially girls, a fact it has downplayed in public.
Price Action: FB shares traded lower by 1.47% at $359.36 in the premarket session on the last check Monday.