Group 1: FTC Inquiry on AI Chatbots - The Federal Trade Commission (FTC) is investigating how companies like Google, Meta, OpenAI, and others monitor the interactions of children with AI chatbots [1][2][3] - The inquiry aims to assess the safety measures taken by these companies to limit potential negative effects on children and teens, as well as to inform users and parents about associated risks [3][5] - The FTC is utilizing its 6(b) authority to conduct this broad study without specific law-enforcement purposes [3] Group 2: Company Responses and Market Impact - Meta's stock was trading flat at approximately 753.33, while Google also remained flat at around 240.02; Snap's stock increased by over 3% to 7.29 [4] - Following concerns raised by Senator Josh Hawley regarding Meta's AI chatbots, the company is revising its internal AI policy to prevent inappropriate interactions with minors [6][7] - OpenAI has stated its commitment to engaging constructively with the FTC inquiry and highlighted existing safeguards in ChatGPT, such as directing users to crisis help lines [8][9]

We're just learning that the Federal Trade Commission is launching a new inquiry into AI chat bots that act as companions. They're asking seven companies to provide information into how their firms measure, test, and monitor potentially negative impacts of the technology. Specifically focused on children and teens using them again as their companions.So, the seven companies here that will be asked uh to provide information, it's Alphabet, Character Technologies, Instagram, Meta, Open AI, Snap, and XAI. all ...

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A battery plant co-owned by Hyundai Motor is facing a minimum delay of two to three months following an immigration raid last week, Hyundai's CEO Jose Munoz said Thursday. ...

In this photo illustration a virtual friend is seen on the screen of an iPhone on April 30, 2020, in Arlington, Virginia.The Federal Trade Commission on Thursday announced it is issuing orders to seven companies including OpenAI, Alphabet, Meta, xAI and Snap to understand how their artificial intelligence chatbots potentially negatively affect children and teenagers.The federal agency said AI chatbots may be used to simulate human-like communication and intrapersonal relationships with users, and that it wa ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Snap Inc. regarding a class action lawsuit due to misleading statements about the company's advertising revenue growth, which significantly declined from 9% to 1% during the specified period [1]. Group 1: Allegations and Financial Impact - The complaint alleges that Snap Inc. provided overly positive statements while concealing material adverse facts about its advertising revenue growth rate [1]. - Snap's advertising revenue growth decelerated, attributed to issues with its ad platform and external factors, leading to a significant stock price drop of approximately 17.15% from $9.39 to $7.78 per share in one day [1]. Group 2: Class Action Details - Shareholders who purchased shares of Snap during the class period from April 29, 2025, to August 5, 2025, are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for October 20, 2025 [2]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle, with no cost or obligation to join [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [3].

Group 1: Company Performance - Snap's stock closed at $7.05, down 3.16% from the previous session, underperforming the S&P 500's gain of 0.3% [1] - The upcoming earnings disclosure is projected to show earnings of $0.06 per share, reflecting a year-over-year decline of 25%, with quarterly revenue expected to be $1.49 billion, an increase of 8.82% from the previous year [2] - For the annual period, earnings are anticipated to be $0.26 per share and revenue at $5.88 billion, indicating a decline of 10.34% in earnings and an increase of 9.68% in revenue compared to last year [3] Group 2: Analyst Estimates and Valuation - Recent modifications to analyst estimates for Snap are crucial as they reflect short-term business trends, with positive revisions indicating analysts' confidence in performance [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Snap at 3 (Hold), with a consensus EPS projection that has decreased by 1.54% in the past 30 days [6] - Snap's Forward P/E ratio stands at 28.41, which is lower than the industry average of 31.58, and its PEG ratio is 0.77 compared to the industry average of 2.34 [6][7] Group 3: Industry Context - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 76, placing it in the top 31% of over 250 industries [7] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - The Gross Law Firm is notifying shareholders of Snap Inc. regarding a potential class action lawsuit due to misleading statements about the company's advertising revenue growth, which significantly declined during the reported period [1][3]. Summary by Sections Allegations - The complaint alleges that Snap Inc. made overwhelmingly positive statements about its advertising revenue while concealing material adverse facts. Specifically, the advertising revenue growth rate dropped from 9% in Q1 to only 1% in April 2025 [3]. Financial Impact - On August 5, 2025, Snap announced a deceleration in advertising revenue growth, attributing it to issues with its ad platform and other factors. Following this announcement, Snap's stock price fell from $9.39 per share to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [3]. Class Action Details - The class period for the lawsuit is defined as April 29, 2025, to August 5, 2025. Shareholders are encouraged to register for the class action by October 20, 2025, to participate in potential recovery [4]. Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices. The firm seeks recovery for investors who suffered losses due to misleading statements that inflated stock prices [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Snap Inc. securities between April 29, 2025, and August 5, 2025, of the upcoming lead plaintiff deadline on October 20, 2025, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Snap securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the October 20, 2025 deadline [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Background - The lawsuit alleges that Snap's management misled investors by presenting overly optimistic expectations regarding advertising revenue and growth, while downplaying significant execution errors and macroeconomic challenges [5].

Core Insights - Snapchat is experiencing a shift in user behavior, leading to a strategic change in its platform focus from traditional Friend Stories to Spotlight, a TikTok-like feed of short videos [1][2][3] - The company aims to reach 1 billion users by leveraging Spotlight, which has already attracted over 550 million monthly active users and accounts for more than 40% of total content time spent [3] - Other social media platforms, such as Instagram, are also adapting to similar trends, emphasizing private sharing and messaging over public content [4][10] Group 1: Snapchat's Strategic Shift - CEO Evan Spiegel highlighted the decline in Friend Stories as a significant challenge, noting that these stories were once crucial for initiating conversations among users [1] - The transition to Spotlight is seen as essential, with plans to make sharing Spotlight content more seamless within the app [2][8] - The company is adjusting its ranking systems to prioritize sharing and conversations, alongside developing new features like status updates to enhance user engagement [8][9] Group 2: Industry Trends - Instagram is also witnessing a shift towards private content sharing, with its head, Adam Mosseri, indicating a focus on enhancing messaging features [4] - Recent updates on Instagram include a repost feature and an expanded "friends tab" to facilitate easier interaction among users [10] - Both Snapchat and Instagram are recognizing the need to adapt their products to align with changing user behaviors, focusing on shareable content and social interactions [8][10]