Meta Shares Gain in 3.07% Tech Rally; UK Proposes Under-16 Social Ban
META•Meta shares climbed as the Nasdaq jumped 3.07% and the S&P 500 rose 1.65% on June 15, driven by a tech-led rally and oil-price–linked risk sentiment. Separately, a U.K. proposal to bar under-16s from social media without parental consent features platform exemptions and delayed enforcement, with analysts forecasting negligible revenue impact.
1. Tech Rally Boosts Meta Shares
U.S. stock markets surged on June 15 as peace hopes between the U.S. and Iran drove oil prices lower, enhancing risk sentiment. The S&P 500 rose 1.65%, the Nasdaq surged 3.07%, and the Dow climbed 0.92% to a record close, with Meta among leading tech names posting strong gains.
2. U.K. Teen Social Media Proposal
The U.K. government proposed barring users under 16 from social media without parental consent, aiming to protect minors from online harms. The draft includes carve-outs for platforms that implement robust age verification and phased enforcement, and analysts expect limited user attrition or revenue loss for Meta.
