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Snap's Stock Plummets After EU Investigation

Published 9 hours ago
Description

Snaps stock plummeted after EU launched a formal investigation into Snapchats child safety measures, causing broader market drops and sending Snap shares to an all-time low. The probe focuses on age verification, grooming protections, and illegal content blocking, raising fears of hefty fines or stricter rules. This comes amidst wider scrutiny on social platforms, with Meta facing legal challenges over social media addiction. Regulators worldwide are stepping up oversight, leaving Snap and others in ongoing uncertainty.

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