Australia rushed through ‘ill-thought-out’ under-16s social media ban, Reddit argues as high court challenge begins
Published . Updated .
Reddit challenges ban on grounds it impinges implied freedom of political communications for teens The Australian government’s rush to pass the under-16s social media ban legislation in 2024 led to “ill-thought-out, over-broad legislation” that has since been narrowed after Reddit sued the government, lawyers for the social media company told the high court on Tuesday. Reddit, one of the top ten websites visited in the world, has challenged the under 16s social media ban on the grounds that it impinges the implied freedom of political communications for teens under 16. Continue reading...
Directly affected
- RDDT Reddit-42.6% 17d
Named in this report.
Indirectly affected
- EWA iShares MSCI Australia ETF+2.2% 30d
iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australia”).
- BHP BHP Group-6.7% 30d
BHP Group (metal mining) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.
- IREN Iren-35.6% 30d
Iren (finance services) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.
- MESO Mesoblast
Mesoblast (biological products, (no diagnostic substances)) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.
- EFA iShares MSCI EAFE ETF-1.8% 10d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Australia, which this story is about.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| RDDT | +50.12% | +42.71% | base | after close | after close | after close | after close |
| EWANo price data for this ticker | — | — | — | — | — | — | — |
| BHPNo price data for this ticker | — | — | — | — | — | — | — |
| IRENNo price data for this ticker | — | — | — | — | — | — | — |
| MESONo price data for this ticker | — | — | — | — | — | — | — |
| EFANo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Reddit challenges ban on grounds it impinges implied freedom of political communications for teens The Australian government’s rush to pass the under-16s social media ban legislation in 2024 led to “ill-thought-out, over-broad legislation”…
Source: The Guardian
This story
| Company | When | Move | Status |
|---|---|---|---|
| RDDT | three days earlier | +42.71% | final price |
| RDDT | five days earlier | +50.12% | final price |
Congressional trades in the stocks in this story
- Rep. Michael T. McCaul sold Reddit (RDDT) (held by a spouse), worth $15,001 - $50,000 on 7 Aug 2026. That is 88 days before publication. Filed 14 Oct 2026. View the filing.
- Sen. John Boozman sold EFA (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 55 days before publication. Filed 21 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Australia rushed through ‘ill-thought-out’ under-16s social media ban, Reddit argues as high court challenge begins” scores 12 out of 100. The score uses 1 sources.