SNAP May 2025 1.000 call
- Zacks
Why Snap (SNAP) Dipped More Than Broader Market Today
In the closing of the recent trading day, Snap (SNAP) stood at $10.74, denoting a -1.29% change from the preceding trading day.
- Reuters
EU requests info from YouTube, Snapchat, TikTok on content algorithms
The EU Commission requested information on Wednesday from YouTube, Snapchat and TikTok on the parameters used by their algorithms to recommend content to users and their role in amplifying some systemic risks, including those related to the electoral process, mental health and protection of minors. The requests, made under the Digital Services Act (DSA), "also concern the platforms' measures to mitigate the potential influence of their recommender systems on the spread of illegal content, such as promoting illegal drugs and hate speech," the EU Commission said in a statement. The commission said it had requested additional information from TikTok about measures the firm had adopted to keep bad actors from manipulating the application and to reduce risks related to elections and civic discourse.
- Associated Press Finance
Details from New Mexico's lawsuit against Snap show site failed to act on reports of sextortion
Snapchat failed to act on “rampant” reports of child grooming, sextortion and other dangers to minors on its platform, according to a newly unredacted complaint against the company filed by New Mexico's attorney general. Attorney General Raúl Torrez filed the original complaint on Sept. 4, but internal messages and other details were heavily redacted. Tuesday's filing unveils internal messages among Snap Inc. employees and executives that provide “further confirmation that Snapchat’s harmful design features create an environment that fosters sextortion, sexual abuse and unwanted contact from adults to minors,” Torrez said in a news release.
