The stock was up 3.37% to 14.40 a share.
"We subject all advertising on our platform to review, including political advertising," Spiegel told CNBC. "We don't allow things like misinformation to appear in [political advertising]." When Speigel was specifically asked if Snap has a fact-checking process, he said "that's correct." He added that the company has an internal team that carries that process out.
Twitter (TWTR) - Get Report said recently it is banning political advertising completely, while Facebook has said it will continue to accept such advertising but that it won't seek to fact check the information in those ads. Twitter said it defines a political ad as one "that references a candidate, political party, elected or appointed government official, election, referendum, ballot measure, legislation, regulation, directive, or judicial outcome." Violations of the policy are reported to Twitter.
Tech investors have been wary of governmental regulation of the industry. Many tech stocks have performed well in 2019, as they've enjoyed various tailwinds. Snap is up 148% year-to-date, as solid user growth partially aided by an Android app bug fix and the popularity of new filters has powered the stock. Facebook is up 44% for the year, as the growth of Instagram and ad revenue in general has satisfied investors. Meanwhile, Twitter shares were having a solid year until October, when it missed earnings and revenue estimates and issued soft revenue guidance, sending shares plummeting. The stock is now up just 2.9% for the year, compared to the S&P 500's gain of almost 25%.
But many analysts note that any indication of an easing of government tech regulation would remove an overhang on stocks of internet companies.