Shares of Snap (NYSE: SNAP) were moving higher today on reports that the European Union could also move to block TikTok, following in the footsteps of recent proposed legislation in the U.S. And Snap shares continued to drift higher after last week's strong first-quarter earnings report.

As of 3:07 p.m. ET on Tuesday, the social media stock was up 4.8% on the news.

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Source Fool.com