Pennsylvania Attorney General Dave Sunday filed a lawsuit Tuesday evening, accusing Snapchat of designing its platform to induce compulsive use among minors and putting children at risk with its "disappearing message" design. This comes as Meta Platforms agreed to a settlement with state attorneys general who accused the company of intentionally designing Facebook and Instagram to be addictive to teenagers. Meta reportedly estimated potential fines of up to $1.4 trillion if it lost the case, close to its market capitalization, which explains why this settlement is seen as the elimination of a controllable risk. Invesco QQQ Trust ETF shares rose 0.1%, indicating that the sell-off was limited to Snap and not a broader trend in the tech sector.