Canadian Schools Sue Meta, ByteDance and Snap Over Social Media Addiction [BNN Bloomberg (Canada)]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: BNN Bloomberg
Platforms Inc.'s Facebook and others are harming children's mental health and learning. School districts in Toronto, Ottawa and Peel Region filed separate legal actions Wednesday seeking a total of about C$4.5 billion ($3.3 billion) in damages. The suits against Meta, TikTok owner ByteDance Ltd. and Snapchat parent Snap Inc. claim the companies deliberately targeting children with products designed to be compulsive, causing disruption in the classroom and making kids more vulnerable to sexual abuse and exploitation. “Endemic social media use is causing an unprecedented youth mental health crisis,” the Toronto District School Board said in a complaint filed in Ontario's Superior Court. The companies “capitalized on their knowledge that the developing child brain is particularly vulnerable and prone to manipulation by their social media products,” the district said. Spokespeople for Meta, Bytedance and Snap didn't immediately reply to emails requesting comment on the Canadian suit
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SNAP
News
- Snap Inc. (NYSE: SNAP) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $16.00 price target on the stock, up previously from $15.00.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at TD Cowen from $11.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Wells Fargo & Company from $16.00 to $18.00. They now have an "overweight" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $13.50 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 4/26/24 - Form S-8
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- SNAP's page on the SEC website