Jio Platforms flags social media ban on minors as potential business risk

Jio Platforms, the digital arm of Reliance Industries Ltd, flagged social media bans for minors as a potential risk for its business in its initial public offer documents filed on Friday.

“Any developments that restrict or limit the use of social media, including by minors or involving the online gaming industry or imposition of additional charges on data usage, may impact consumption of data by customers,” the company said in the draft red herring prospectus (DRHP). This may have an adverse impact on the company’s business, it added.