EU Probe into Snapchat over Children Grooming Puts Pressure on SNAP Stock

FomoAnxiety · 2026-03-26T12:37:22+00:00

Shares of Snap fell after the European Commission began an investigation into Snapchat's child protection policies, alleging potential breaches of the EU Digital Services Act by exposing minors to harmful content and grooming attempts.

FomoAnxiety

2026-03-26 12:37:22

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Shares in Snap SNAP +2.98% ▲ , the parent company of Snapchat, fell early Thursday after the European Commission launched an investigation into the multimedia messaging app’s child protection policy.

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“Snapchat may have breached the EU Digital Services Act (DSA) by exposing minors to grooming attempts and recruitment for criminal purposes,” the EU executive arm noted in a statement. The watchdog further alleged that the social media company may have exposed children to online information about illegal products such as drugs, vapes, and alcohol.

The DSA, which came into force in November 2022 and became applicable to very large online platforms in the subsequent year, requires these services to establish measures to stem the tide of illegal and harmful content. These platforms risk fines as high as 6% of their global yearly sales for violation of rules under the Act.

The launch of the investigation comes months after the commission started to quiz Snapchat alongside Apple AAPL +0.39% ▲ and Alphabet GOOGL +0.17% ▲ over their measures to protect children from online harm.

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