President Emmanuel Macron Blames Social Media And 'Intoxicating' Video Games For French Youth Riots
Portfolio Pulse from Franca Quarneti
French President Emmanuel Macron has blamed social media platforms and video games for the recent youth riots in France. He specifically mentioned Snapchat (NYSE:SNAP) and TikTok as platforms used to organize the unrest. Macron has called on social media companies to take action against the spread of sensitive content related to the riots and to disclose the identities of individuals propagating violence. A Snapchat spokesperson responded by stating the company has zero tolerance for content promoting or inciting violence.
July 03, 2023 | 7:22 pm
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Snapchat, owned by Snap Inc. (NYSE:SNAP), has been mentioned by French President Macron as a platform used to organize recent youth riots in France. The company may face regulatory scrutiny and potential reputational damage.
The mention of Snapchat by President Macron in the context of the riots could lead to increased regulatory scrutiny for the company. This could potentially impact the company's operations and reputation, leading to a negative short-term impact on the stock.
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