'Snap sued by New Mexico AG over 'sextortion' of kids by predators' - CNBC
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Snap Inc. is being sued by the New Mexico Attorney General over allegations that its platform facilitated 'sextortion' of minors by predators. This legal action could impact Snap's reputation and operations.
September 05, 2024 | 1:44 pm
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Snap Inc. is facing a lawsuit from the New Mexico Attorney General for allegedly facilitating 'sextortion' of minors on its platform. This legal issue could negatively impact Snap's reputation and user trust.
The lawsuit from the New Mexico AG directly targets Snap's platform, alleging it facilitated criminal activities. Such legal challenges can harm Snap's reputation, potentially leading to decreased user trust and engagement, which may negatively impact its stock price.
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