Report: Facebook has plan to let kids join site

Picture taken on May 12, 2012 in Paris shows an illustration made with figurines set up in front of Facebook's homepage. Facebook, already assured of becoming one of the most valuable US firms when it goes public later this month, now must convince investors in the next two weeks that it is worth all the hype. Top executives at the world's leading social network have kicked off their all-important road show on Wall Street -- an intense marketing drive ahead of the company's expected trading launch on the tech-heavy Nasdaq on May 18. AFP PHOTO/JOEL SAGET AP Graphics Bank

(CBS News) Facebook Inc. is looking to tap a new market: kids.

Facebook eyes strict controls for under 13 access, report says

The Wall Street Journal reports the social media giant is developing technology that would allow children younger than 13 to use the site under parental supervision. Currently, kids under 13 are banned from the site.

The company is testing a way to connect kids' accounts with their parents', the paper reports, citing people who have spoken with Facebook executives.

The system would enable parents to decide who their children can "friend," what applications they can use, and may enable the company to charge parents for games and other entertainment their kids use.

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