Benzinga | Oct 5, 2021 04:36PM EDT

Snap's Latest Offering For Young Wannabe Politicians

* Snap Inc (NYSE:SNAP) launched a fresh 'Run for Office' in-app tool to encourage young adults to run for local office.

* The tool will help younger users engage with democracy easily by tackling common barriers young people face on involvement in local politics.

* "Powered with information from BallotReady, this simple tool will help Snapchatters explore hundreds of opportunities to run for local office based on the issues they care most about -- from City Neighborhood Board and Township Council to School Board and State Representative."

* The users will also be able to nominate their friends to run for office through the tool. Users can share stickers to start campaigning on Snapchat with their friends.

* The tool's personalized campaign hub will help users with the steps required to get on the ballot.

* The hub also provides information about filing deadlines and signature requirements.

* Snap shares are trading higher, rebounding after dipping in sympathy with Facebook Inc (NASDAQ:FB) on October 4. Social media stocks fell following criticisms of Facebook by an ex-employee and Facebook and Instagram outages.

* Price Action: SNAP shares closed higher by 3.06% at $73.41 on Tuesday.