Snap is trading 4.14% down now at ARS 8340.00 after the August 11, 2026 Ninth Circuit ruling allowed thousands of lawsuits against Snap and other platforms to proceed.
- The court rejected the companies’ attempt to use Section 230 as blanket immunity, exposing Snap to ongoing litigation over alleged addictive platform design targeting young users.
- Broader markets are higher, making the company-specific legal ruling the clearest explanation.