Australia is set to introduce new legislation aimed at banning children from using popular social media platforms like Elon Musk’s X, Mark Zuckerberg‘s Meta Platforms Inc (NASDAQ:META)-owned Instagram and Facebook, and Bytedance‘s TikTok. The move is driven by growing concerns over the potential health risks associated with social media use among minors. What Happened: Australia announced plans on Tuesday to introduce a law this year to prohibit children from using social media platforms, citing potential health risks, reported Reuters. Australian Prime Minister Anthony Albanese stated that hi…