Stock Track | Snap Plummets 5.11% Intraday Amid Target Price Cut and Regulatory Worries Over Minors' Access

Stock Track

Feb 03

Snap Inc's stock price plummeted 5.11% during intraday trading on Tuesday, reflecting significant selling pressure.

The sharp decline followed a bearish analyst action and growing regulatory concerns. Bernstein cut its target price for Snap to $9 from $10, signaling a more cautious outlook on the company's prospects. Concurrently, Spain's Prime Minister announced plans to ban social media access for minors under 16, a move that would directly impact Snap's Snapchat platform and require the implementation of stringent age verification systems.

This development is part of a broader global trend, with countries like Australia, France, Denmark, and others considering or implementing similar restrictions on social media use by children. Such regulatory pressures threaten to reduce the user base and engagement on platforms popular with younger demographics, a key segment for Snap.

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Bernstein cut its target price for Snap to $9 from $10, signaling a more cautious outlook on the company's prospects. Concurrently, Spain's Prime Minister announced plans to ban social media access for minors under 16, a move that would directly impact Snap's Snapchat platform and require the implementation of stringent age verification systems.</p><p>This development is part of a broader global trend, with countries like Australia, France, Denmark, and others considering or implementing similar restrictions on social media use by children. 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Bernstein cut its target price for Snap to $9 from $10, signaling a more cautious outlook on the company's prospects. Concurrently, Spain's Prime Minister announced plans to ban social media access for minors under 16, a move that would directly impact Snap's Snapchat platform and require the implementation of stringent age verification systems.</p><p>This development is part of a broader global trend, with countries like Australia, France, Denmark, and others considering or implementing similar restrictions on social media use by children. Such regulatory pressures threaten to reduce the user base and engagement on platforms popular with younger demographics, a key segment for Snap.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNAP","symbol_name":"Snap Inc","start_time":0,"source_url":"","article_id":"1179492153","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179492153","pubTimestamp":1770130736,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Snap Inc's stock price plummeted 5.11% during intraday trading on Tuesday, reflecting significant selling pressure.The sharp decline followed a bearish analyst action and growing regulatory concerns....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNAP":"Snap Inc"},"translate_title":"个股赛道|目标价下调监管担忧未成年人准入Snap盘中暴跌5.11%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNAP":1},"content_text":"Snap Inc's stock price plummeted 5.11% during intraday trading on Tuesday, reflecting significant selling pressure.The sharp decline followed a bearish analyst action and growing regulatory concerns. 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