๐ SNAP tanks 12% premarket โ court loss opens door to 3,000+ addiction lawsuits
Snap Inc. $SNAP is getting crushed in pre-market, off ~12.4% after the 9th U.S. Circuit Court of Appeals denied Section 230 immunity to social media platforms, letting thousands of social media addiction lawsuits move forward. CTO Robert Murphy selling 4 million shares (~$21.6M) last week added to the bearish pressure. Wall Street is turning cautious on digital ad demand too โ a nasty triple whammy. Not financial advice. Does this legal ruling finally change the game for social media liability?
โก 25 buzzing
125 views
๐ 0 subscribed