Market Chatter: Snap Settles Lawsuit Alleging Teen Addiction From App

01:24 PM EST, 11/02/2026 (MT Newswires) -- Snap (SNAP) has settled a lawsuit filed by two teenagers in the US alleging that the social media app contributed to their mental health issues, Bloomberg reported Monday, citing the attorneys for the plaintiffs. The settlement agreement was reached in the middle of jury selection in Los Angeles, the report said, adding that the case in California state court was set to go to trial this week. The plaintiffs, a 16-year-old girl from Illinois and an 18-year-old woman from Mississippi, have previously reached confidential settlements with Meta Platforms (META), Alphabet's (GOOG, GOOGL) YouTube, and TikTok, the report said. Snap did not immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 5.55, Change: +0.21, Percent Change: +3.93