Snap shares are trading lower after the U.K.'s ICO issued a preliminary enforcement notice to the company due to concerns regarding privacy risks associated with its My AI chatbot.
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. shares are trading lower after the U.K.'s Information Commissioner's Office (ICO) issued a preliminary enforcement notice to the company due to concerns regarding privacy risks associated with its My AI chatbot.
October 06, 2023 | 2:17 pm
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Snap's stock price is trading lower due to a preliminary enforcement notice issued by the U.K.'s ICO over privacy concerns with its My AI chatbot.
The enforcement notice from the U.K.'s ICO indicates serious privacy concerns with Snap's My AI chatbot. This negative news is likely to impact investor sentiment and could lead to a short-term drop in Snap's stock price.
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