The US FTC refers a complaint against Snap to the DOJ, alleging Snapchat’s My AI chatbot poses “risks and harms to young users”; SNAP closed down 5% (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC:
The US FTC refers a complaint against Snap to the DOJ, alleging Snapchat’s My AI chatbot poses “risks and harms to young users”; SNAP closed down 5%  —  Snap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice.