Snap shares drop as FTC refers MyAI chatbot complaint to the DOJ
1. FTC refers complaint against Snap's My AI chatbot to DOJ for investigation. 2. Snap's shares fell 5% after FTC's statement on potential regulatory issues. 3. The complaint questions the chatbot's safety for young users, citing past scrutiny. 4. Snap argues FTC's claims lack evidence and could hinder innovation. 5. FTC's tensions may indicate a shift in regulatory approach under new chair.