Bloomberg Tech

Snap Says It’s Wrongly Dragged Into Social Media Addiction Suits

Snap Inc. says it can’t be sued for allegedly addicting young users and contributing to a mental-health crisis because its “ephemeral” messaging service is “fundamentally different” from other platforms including TikTok and Instagram that are at the center of a surge in lawsuits over social media addiction.

Nuvei Faces Short-Seller Report After Ryan Reynolds Stake

Shares of Nuvei Corp. slipped after short seller Spruce Point Capital Management published a negative report, on the heels of Hollywood actor Ryan Reynolds’ announcement that he’s an investor in the Canadian payments firm.