Core Viewpoint - ClaimsFiler informs investors about the deadline of October 20, 2025, to file lead plaintiff applications in a securities class action lawsuit against Snap Inc. for failing to disclose material information during the Class Period from April 29, 2025, to August 5, 2025 [1][3]. Group 1: Lawsuit Details - Snap Inc. and certain executives are accused of violating federal securities laws by not disclosing important information during the Class Period [3]. - On August 5, 2025, Snap announced a slowdown in advertising revenue growth, leading to a significant drop in share price from $9.39 to $7.78, a decline of approximately 17.15% in one day [3]. Group 2: ClaimsFiler Services - ClaimsFiler provides a free service to help retail investors recover funds from securities class action settlements, allowing users to register for access to information and submit claims [4]. - Investors can upload their portfolio transactional data to receive notifications about relevant securities cases and can also submit inquiries for free case evaluations [4].

Core Viewpoint - A class action lawsuit has been filed against Snap, Inc. for allegedly providing misleading statements regarding its advertising revenue growth, leading to significant losses for investors during the specified class period [8]. Allegation Details - The lawsuit claims that Snap's management made overly positive statements while concealing material adverse facts about the company's advertising revenue growth rate, which dropped from 9% in Q1 to only 1% in April [8]. - Snap's financial results announced on August 5, 2025, revealed a deceleration in advertising revenue growth, attributed to issues with their ad platform and other factors [8]. Stock Price Impact - Following the announcement of disappointing financial results, Snap's stock price fell from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [8]. Next Steps for Investors - Investors who purchased Snap shares during the class period and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is October 20, 2025 [8]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across the United States [5].

Kansas Attorney General Kris Kobach announced that his office filed a lawsuit in Washington County District Court against social media company, Snap, Inc., the creator of the SnapChat platform.The lawsuit alleges that Snap has engaged in deceptive and unconscionable acts that have caused substantial harm to Kansas consumers, particularly teenagers. The suit alleges that Snap falsely represents its Snapchat platform as safe for children, when in reality it is filled with content that is anything but safe. Th ...

Core Viewpoint - Snap Inc. (NYSE:SNAP) experienced a significant decline of 8.21% in its share price, closing at $7.71, primarily due to investor concerns over a conservative outlook from an investment firm and the potential impact of OpenAI's new short-form video app on its business [1][3]. Group 1: Stock Performance - Snap Inc. shares fell by 8.21% on Tuesday, closing at $7.71, as investors reacted negatively to a conservative stance from Mizuho Securities [1]. - Mizuho Securities assigned Snap a "neutral" rating with a price target of $9, indicating only a 7% upside from its previous closing price of $8.4 and 16.7% from its latest closing price [2]. Group 2: Market Concerns - Investors are advised to exercise caution regarding Snap Inc. due to weak feedback from its advertising channels [3]. - The decline in Snap's stock was exacerbated by reports of OpenAI launching an image and video generator app that could compete with Snap's offerings [3][4]. Group 3: Competitive Landscape - OpenAI's new app is expected to feature functionalities similar to popular vertical video platforms like TikTok, as well as Facebook, YouTube, and Instagram reels, posing a competitive threat to Snap's own short-form video feature, Spotlight [4].

Core Viewpoint - A class action lawsuit has been filed against Snap Inc. for allegedly misleading investors about its business prospects and advertising revenue growth during the specified period [1][2]. Group 1: Allegations and Financial Impact - The complaint alleges that Snap's management created a false impression of reliable advertising revenue information while downplaying significant execution errors and macroeconomic instability [2]. - On August 5, 2025, Snap reported a slowdown in advertising revenue growth, attributing it to issues with its ad platform and other factors, leading to a stock price decline from $9.39 to $7.78, a drop of over 17% [3]. Group 2: Class Action Participation - Shareholders who purchased Snap securities during the class period may be eligible to participate in the class action and can contact Robbins LLP for more information [3]. - The lead plaintiff in the class action will represent other class members, but participation is not required for recovery [3]. Group 3: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless there is a recovery [4]. - The firm has a history of advocating for shareholder rights and holding company executives accountable since 2002 [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Snap Inc. securities between April 29, 2025, and August 5, 2025, of the upcoming lead plaintiff deadline on October 20, 2025, for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who bought Snap securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must act by the lead plaintiff deadline to represent other class members [3][5]. - The lawsuit alleges that Snap's management misrepresented the company's advertising revenue and growth potential, leading to investor losses when the truth was revealed [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering hundreds of millions for investors [4]. - The firm has been recognized for its leadership in securities class action settlements, achieving the largest settlement against a Chinese company at the time and ranking highly in settlement numbers since 2013 [4].

Core Viewpoint - A class action securities lawsuit has been filed against Snap Inc. for alleged securities fraud, impacting investors between April 29, 2025, and August 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Snap provided misleading positive statements while concealing significant declines in advertising revenue growth, which fell from 9% in Q1 to only 1% in April 2025 [2]. - On August 5, 2025, Snap reported a slowdown in advertising revenue growth, attributing it to issues with their ad platform and other factors, leading to a significant stock price drop from $9.39 to $7.78, a decline of approximately 17.15% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified period have until October 20, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].

Core Point - The social media company will implement a charge for users after they exceed five gigabytes of free storage, aligning its policy with those of other tech giants [1] Group 1 - The new storage policy reflects a trend among major technology companies to monetize storage services [1]

Core Viewpoint - Snap Inc. shares declined by 6.6% following Mizuho's initiation of coverage with a Neutral rating and a $9 price target, describing the company as a "show-me story" due to weak feedback from its advertising channels [1] Group 1: Legal Issues - A federal securities class action lawsuit has been filed against Snap and certain senior executives, alleging that the company misrepresented its digital advertising platform's performance and future growth prospects [2] - The lawsuit claims that Snap faced significant negative consequences from a major "execution error" related to a recent change in its ad platform, which was not disclosed to investors during the Class Period [6] - The alleged deception became apparent on August 5, 2025, when Snap reported Q2 2025 results, admitting that a change caused campaigns to clear the auction at substantially reduced prices, leading to a slowdown in ad revenue growth from 9% in Q1 to just 1% in April [7] Group 2: Investor Actions - The lawsuit covers investors who purchased shares between April 29, 2025, and August 5, 2025 [8] - Hagens Berman, a shareholder rights firm, is investigating the claims and encourages investors who suffered losses to come forward, focusing on whether management concealed the operational problem [11] - Whistleblowers with non-public information regarding Snap are encouraged to assist in the investigation, with potential rewards under the SEC Whistleblower program [13]

Core Insights - Snap's shares have declined by 9.2% following disappointing consumer sentiment readings for September, which came in at 94.2, down 3.6 points from August and below the expected 96.0 [1][4] - OpenAI has launched a new social video app called Sora, which could pose a competitive threat to Snap and other short-form video platforms, as it features AI-generated content and a user interface similar to TikTok [2][3][6] - Snap continues to face challenges in profitability, reporting over $400 million in net losses in the first half of the year, despite being down nearly 30% year-to-date and trading at 29.7 times 2025 earnings estimates [6][7] Group 1 - Snap's stock is under pressure due to lower consumer sentiment and competition from OpenAI's new app [1][4][6] - The launch of Sora could potentially erode Snap's market share, which is already facing competition from TikTok and Instagram [2][3] - Snap's financial health is concerning, with significant net losses and reliance on advertising revenue, which may be impacted by lower consumer spending [4][7] Group 2 - The disappointing consumer sentiment data released by the Conference Board is affecting consumer-oriented stocks, including Snap [4] - OpenAI's Sora app allows users to create and remix videos, which may attract users away from Snap [2][3] - Despite being seen as a potential value investment, Snap's high stock-based compensation costs complicate its earnings outlook [7]