Snap is trading 8.27% down now at ARS 8705.00 after Pennsylvania Attorney General Dave Sunday filed a lawsuit alleging Snapchat uses addictive features, exposes minors to harmful content, and misrepresents its age rating.
- Complaint seeks stronger safeguards, marketing changes, and measures limiting compulsive use
- The case creates regulatory and potential financial-risk concerns
- Broader U.S. markets are higher, reducing support for a market-wide explanation