Stock Market Today, March 26: Snap Tumbles on EU Child Safety Probe [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
10.69%. The stock fell after the European Commission opened a formal Digital Services Act investigation into Snapchat's child safety practices. Investors are watching potential regulatory penalties and compliance costs. Trading volume reached 104.1 million shares, coming in about 120% above its three-month average of 47.4 million shares. Snap IPO'd in 2017 and has fallen 83% since going public. How the markets moved today The S&P 500 (SNPINDEX:^GSPC) fell 1.74% to 6,477, while the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 2.38% to 21,408 as rising oil prices weighed on markets. Within social media peers, Meta Platforms (NASDAQ:META) plunged 7.96% to close at $547.74 and Pinterest (NYSE:PINS) fell 3.85% and finished at $17.96 as investors reacted to landmark legal decisions. What this means for investors Snap shares plumeted to an all-time low today on news that European Union regulators would investigate child protection features on the Snapchat app. The probe will examin
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