Meta Rivals Want No Part of Defending Its Many Addiction Suits [Business News Network (BNN) (Canada)]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: Business News Network
Snap Inc., TikTok Inc., and Google say they'd rather go it alone. A panel in St. Louis convenes Thursday to consider whether a single judge should be assigned to oversee suits across the US claiming the companies are causing teenagers to suffer from sleep deprivation, depression and anxiety -- and even to take their own lives. Multidistrict litigation, or MDL, is used to centralize cases that raise common issues and promote efficiency. While Meta said in a court filing it would be impractical to split up the cases naming multiple companies as defendants, Snap, ByteDance Inc.'s TikTok, and Alphabet Inc.'s YouTube said they preferred to defend themselves separately. They argued that Meta faces the bulk of the lawsuits, and that it would be inefficient for them to be dragged into the Instagram owner's fight. TikTok said in a filing that the MDL process shouldn't combine “competing defendants,” even if they offer similar products. YouTube objected to being forced to “participate
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News
- Correction: Final Results [Yahoo! Finance]Yahoo! Finance
- Sex offender asks Norway's Supreme Court to declare social media access is a human right [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Sex offender asks Norway's Supreme Court to declare social media access is a human right [Yahoo! Finance]Yahoo! Finance
- More Than 2,300 Nonprofits, Brands and Influential Leaders to Activate for Fourth Annual Mental Health Action Day on Thursday, May 16 [Yahoo! Finance]Yahoo! Finance
- Snap Inc. (NYSE:SNAP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 5/2/24 - Form 4
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- SNAP's page on the SEC website