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Snapchat Faces EU Investigation
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The European Union regulators stated on Thursday that they have launched an investigation into the social media platform Snapchat, owned by Snap (SNAP.US), citing concerns that the company may be inadequate in preventing child abduction and the sale of illegal goods. Snap's stock price fell by 2% pre-market. The regulators noted that Snapchat appears to neglect the high safety standards required by the Digital Services Act for all users, from inducing minors to access illegal products to account settings that compromise minors' safety. Snapchat responded by stating that the company will continue to review and enhance its safety measures. (sw/t) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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