Texas AG sues Snapchat (SNAP) for failing to adequately warn parents and consumers about inappropriate material on the platform and the app’s addictive design.
The Texas Attorney General's lawsuit against Snapchat highlights concerns over the platform's regulatory compliance regarding user safety, particularly focusing on content exposure and addictive design.
Marathon (MPC) shuts refinery in Catlettsburg, Kentucky (255k BPD) due to power supply interruption
Meta (META) auditor EY raised a red flag on data-center accounting, via WSJ
Texas AG sues Snapchat (SNAP) for failing to adequately warn parents and consumers about inappropriate material on the platform and the app’s addictive design.
US Treasury Secretary Bessent says US jobs numbers exceeded expectations - X post
Auction History: US to sell USD 42bln of 10-year notes at 18:00GMT/13:00EST
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This could signal increased scrutiny on social media apps, potentially impacting their operations, advertising revenues, and stock performance in the sector. Investors should watch for any precedent this may set and the possible repercussions for similar companies.
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