Oh that's very interesting. I'm sure we'll hear more about it soon, if they haven't reported on it before...
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My video player grabs YT videos but ignores the timestamp, so I got stuck with the opening report of Sky News crying about muh migrants in Europe. It's depressing to know that a couple of cookers I know eat that kind of garbage up.
This is the problem with any well meaning government legislation.
In principle I believe regulating social media companies is fine as these foreign multinationals are effectively unregulated. Unregulated pursuit of profit can have harmful effects on individuals and the community and it is totally appropriate to legislate where there is a well demonstrated public interest.
As soon as you start down the path of regulation it presents an opportunity for everyone else to push their agenda. I suspect tech companies outside of social media see these laws as a chance to damage industry competitors if they can get their competitors products classified as social media. Tech vendors want a piece of age verification services. Media and advertising is looking to push their interests. It makes sense for the gambling industry to be throwing money and influence around as well.
Any support the legislation had from people hoping for the best will be buried the moment the gambling lobby is seen to be benefiting.