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Snap Inc.'s stock price reaction to the New Mexico lawsuit by end of 2024?
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New Mexico Sues Snap Inc. Over Child Exploitation and Sextortion Concerns
Sep 5, 2024, 02:50 PM
New Mexico has filed a lawsuit against Snapchat owner Snap Inc., alleging that the messaging app's policies and design features facilitate the sharing of child sexual exploitation material. The state argues that Snapchat is a 'breeding ground' for predators seeking to collect sexually explicit images of children and extort them. The lawsuit, filed Wednesday evening, highlights that Snapchat's 'disappearing' messages make it easy for predators to target kids. The legal action was initiated by New Mexico's Attorney General, who claims that the app's current safeguards are insufficient to protect children from sexual exploitation.
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