** Shares of social media firms edge lower after the bell following a Wall Street Journal report saying that New York is planning to prohibit social media companies from using algorithms to steer content to children without parental consent
** Meta Platforms META down 0.8% at $473.80, Snap
SNAP down 0.8% at $15.20
** The bill, which is still being finalized but expected to be voted on this week, would also ban platforms from sending minors notifications during overnight hours without parental consent, the report adds
** Up to last close, META is up ~35% while SNAP is down 9.5% YTD
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