Snap is trading at $5.28 (-4.26%) after a U.S. appeals court allowed thousands of youth-addiction lawsuits against Snap and other social-media companies to proceed, raising legal, regulatory, and financial risks.
- Reuters reported the lawsuits include Snap’s Snapchat platform and challenge alleged addictive platform design
- The Nasdaq is up 0.47%, making the legal development the clearest catalyst
- Trading volume and activity levels were unavailable from reliable current sources