Snap is trading 6.93% down now at $5.51 after Pennsylvania Attorney General Dave Sunday sued Snap on August 25, 2026.
- The complaint alleges Snapchat used addictive features such as SnapStreaks, misrepresented explicit content and age ratings, and harmed children.
- Snap rejected the allegations, saying they fundamentally misrepresent its platform and teen-safety approach.
- The lawsuit remains the clearest company-specific catalyst for the August 26 decline.