The Federal Trade Commission on Thursday announced it had referred a complaint against Snap Inc. to the Department of Justice, alleging the social media company’s AI-powered chatbot is harmful ...

By Alex Weprin Media & Business Writer In an unusual move, the Federal Trade Commission has released a statement announcing ...

Familial ties between CEO Evan Spiegel and partners at the firms forced Snap to reveal the otherwise private payments.

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. The FTC's non-public complaint involves ...