Asianfin -- The Collective Defense Institute, a Brazilian consumer rights organization, has initiated two lawsuits seeking 3 billion reais (approximately $525.27 million) from the Brazilian branches of TikTok, Kwai, and Meta Platforms. The lawsuits claim these companies have failed to implement adequate measures to prevent minors from using their social media platforms indiscriminately, as outlined in initial petitions reviewed by Reuters. The issue of social media regulation has gained significant attention in Brazil, particularly following a protracted dispute between X owner Elon Musk and a Brazilian Supreme Court justice, which resulted in substantial fines for the company.