Snap Stock Rebounds, but EU Child-Safety Probe Keeps Pressure on Snapchat Owner
Snap Inc shares rose 2.5% Monday to $4.02, rebounding slightly after last week’s EU child-safety probe sent the stock near a 52-week low. Brussels is investigating Snapchat under the Digital Services Act for possible failures to protect minors from grooming and illegal content. Snap said it is cooperating. The company is under regulatory pressure globally as it shifts focus to subscriptions and direct revenue.