1. Shutterstock faces potential legal issues regarding its transaction with Getty Images. 2. The DOJ's second request may indicate antitrust concerns affecting Shutterstock.
Legal investigations, especially involving antitrust issues, can negatively affect stock prices. Historically, companies like Google and Facebook faced stock declines amid similar investigations.
The nature of the investigation can lead to uncertain market perceptions and potential shareholder anxiety.
Immediate market reactions to legal investigations typically cause short-term price volatility. Companies like At&T and T-Mobile experienced fluctuations during regulatory scrutiny.