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EU questions Apple, Google, Snapchat, YouTube over risks to children
TechXplore· 2025-10-10 08:50
Core Viewpoint - The European Union is demanding major tech companies, including Apple, Google, Snapchat, and YouTube, to explain their measures for protecting children online, emphasizing the need for enhanced privacy, security, and safety [2][4]. Group 1: EU Actions and Regulations - The European Commission has initiated requests for information under the Digital Services Act (DSA) to assess the practices of Apple, Google, Snapchat, and YouTube regarding the protection of minors online [2][3]. - The EU is also investigating Meta's Facebook and Instagram, as well as TikTok, due to concerns about their platforms' addictive nature for children [4]. - Denmark, holding the rotating EU presidency, is advocating for collective action to safeguard minors, including a proposed ban on social media for children under 15 [5]. Group 2: Future Considerations - EU ministers are set to discuss age verification on social media and potential measures to enhance online safety for minors [6]. - A joint statement is expected to support EU chief Ursula von der Leyen's initiative to explore a potential EU-wide digital majority age, with plans to establish a panel of experts for further assessment [8].
SNAP DEADLINE: ROSEN, A LEADING LAW FIRM, Encourages Snap Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SNAP
Globenewswire· 2025-10-09 20:34
Core Points - Rosen Law Firm is reminding purchasers of Snap Inc. securities from April 29, 2025, to August 5, 2025, about the October 20, 2025, lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Snap securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by October 20, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. Group 2: Case Background - The lawsuit alleges that Snap's defendants misrepresented the company's advertising revenue and growth potential while downplaying macroeconomic instability [5]. - It is claimed that Snap's optimistic reports did not reflect the reality of its execution errors, leading to investor damages when the truth was revealed [5].
The Gross Law Firm Reminds Snap Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 20, 2025 - SNAP
Prnewswire· 2025-10-09 12:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Snap Inc. regarding a class action lawsuit due to allegations of 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's management provided overly positive statements while concealing material adverse facts about the company's advertising revenue growth [1]. - Snap's advertising revenue growth rate reportedly fell from 9% in Q1 to only 1% in April 2025, leading to a significant deceleration in revenue growth disclosed on August 5, 2025 [1]. - Following the announcement of disappointing financial results, Snap's stock price dropped from $9.39 per share to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [1]. Group 2: Class Action Details - Shareholders who purchased Snap shares during the class period from April 29, 2025, to August 5, 2025, are encouraged to register for the class action, with a deadline set for October 20, 2025 [2]. - Registered shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. - There is no cost or obligation for shareholders to participate in the class action [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions of material information [3].
NYC sues Facebook, Google, TikTok claiming social media is addicting kids, harming mental health
New York Post· 2025-10-08 22:14
Core Viewpoint - New York City has filed a lawsuit against major social media platforms, including Facebook, Google, Snapchat, and TikTok, accusing them of contributing to a mental health crisis among children by making their platforms addictive [1][4]. Group 1: Lawsuit Details - The lawsuit is a 327-page complaint filed in Manhattan federal court, seeking damages from Meta Platforms, Alphabet, Snap, and ByteDance for gross negligence and public nuisance [1]. - New York City is one of the largest plaintiffs, representing a population of 8.48 million, including approximately 1.8 million individuals under the age of 18 [4]. - The city has joined a larger movement, participating in about 2,050 similar lawsuits across the nation, particularly in federal court in Oakland, California [2]. Group 2: Allegations Against Defendants - The complaint alleges that the defendants designed their platforms to exploit the psychology and neurophysiology of youth, leading to compulsive usage for profit [6][10]. - Statistics indicate that 77.3% of high school students in New York City, and 82.1% of girls, reported spending three or more hours daily on screens, which has resulted in lost sleep and chronic school absences [6]. Group 3: Public Health Concerns - New York City's health commissioner has labeled social media as a public health hazard, prompting increased taxpayer spending to address the youth mental health crisis [7]. - The lawsuit also links social media usage to dangerous behaviors, such as "subway surfing," which has resulted in at least 16 fatalities since 2023, including two young girls [10]. Group 4: Responses from Defendants - A spokesperson for Google has denied the allegations regarding YouTube, asserting that it functions as a streaming service rather than a social network [5]. - Other defendants have not yet responded to the lawsuit [5]. Group 5: Financial Implications - The city claims that it is left to manage the consequences of the defendants' actions, stating that they should be held accountable for the harms caused [11].
Snap Inc. Deadline: SNAP Investors with Losses in Excess of $100K Have Opportunity to Lead Snap Inc. Securities Fraud Lawsuit
Prnewswire· 2025-10-08 19:03
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Snap Inc. securities between April 29, 2025, and August 5, 2025, about the October 20, 2025, deadline to become a lead plaintiff in a class action lawsuit [1][2]. 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 [1]. - A class action lawsuit has already been filed, and interested parties must move the court to serve as lead plaintiff by October 20, 2025 [2]. - The lawsuit alleges that Snap's management misrepresented the company's advertising revenue and growth potential, leading to investor losses when the true situation was revealed [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [3].
Snap Inc. (SNAP): A Bull Case Theory
Yahoo Finance· 2025-10-08 14:44
We came across a bullish thesis on Snap Inc. on Investment Ideas by Antonio’s Substack by Antonio Linares. In this article, we will summarize the bulls’ thesis on SNAP. Snap Inc.'s share was trading at $8.53 as of September 22nd. SNAP’s forward P/E was 23.70 according to Yahoo Finance. Most Sexually Liberal Cities in the World in 2018 Copyright: william87 / 123RF Stock Photo Snap (SNAP) remains one of the most underappreciated social media platforms, despite boasting 932M monthly active users (MAUs) as ...
Snap: Heavy Volume Buying Is The New Bullish Stock Puzzle Piece (NYSE:SNAP)
Seeking Alpha· 2025-10-08 12:31
Nationally ranked stock picker for 30 years. Victory Formation and Bottom Fishing Club quant-sort pioneer.....Paul Franke is a private investor and speculator with 39 years of trading experience. Mr. Franke was Editor and Publisher of the Maverick Investor® newsletter during the 1990s, widely quoted by CNBC®, Barron’s®, the Washington Post® and Investor’s Business Daily®. Paul was consistently ranked among top investment advisors nationally for stock market and commodity macro views by Timer Digest® during ...
Snap: Heavy Volume Buying Is The New Bullish Stock Puzzle Piece
Seeking Alpha· 2025-10-08 12:31
Core Insights - The article highlights the investment strategies and achievements of Paul Franke, a seasoned investor with 39 years of trading experience, emphasizing his contrarian stock selection style and the development of a system called "Victory Formation" for identifying stocks based on supply/demand imbalances [1] Group 1: Investment Strategies - Paul Franke suggests using 10% or 20% stop-loss levels on individual stock choices to manage risk effectively [1] - A diversified approach is recommended, advocating for ownership of at least 50 well-positioned stocks to achieve consistent outperformance in the stock market [1] - The "Bottom Fishing Club" articles focus on identifying deep value candidates or stocks that are experiencing significant upward momentum reversals [1] Group 2: Analytical Approach - Franke employs daily algorithm analysis of fundamental and technical data as part of his investment strategy [1] - The "Volume Breakout Report" articles discuss positive trend changes that are supported by strong price and volume trading actions [1] - His past accolades include being ranked 1 in the Motley Fool® CAPS stock picking contest during parts of 2008 and 2009, showcasing his effectiveness in stock selection [1]
SNAP DEADLINE: ROSEN, A LEADING NATIONAL FIRM, Encourages Snap Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SNAP
Globenewswire· 2025-10-07 19:50
NEW YORK, Oct. 07, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Snap Inc. (NYSE: SNAP) between April 29, 2025 and August 5, 2025, both dates inclusive (the “Class Period”), both dates inclusive, of the important October 20, 2025 lead plaintiff deadline. SO WHAT: If you purchased Snap securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrang ...
Snapchat launches ‘Care Not Control’ safety campaign for teenagers
BusinessLine· 2025-10-07 08:29
Snap Inc. has launched ‘Care Not Control’, a creator-led campaign in India aimed at improving digital safety conversations between teenagers and their caregivers. The initiative, developed in partnership with youth media platform Yuvaa, goes live today ahead of World Mental Health Day on October 10. The campaign addresses the disconnect between teen social media usage and parental understanding by promoting open dialogue over restrictive supervision. It centers on Snap’s Family Centre tool, which helps fami ...