Core Viewpoint - Snap's stock rose over 3.8%, reaching a peak of $7.75, following the launch of its new augmented reality (AR) operating system, Snap OS 2.0, which promises faster browsing experiences and updated AR application features [1] Group 1: Product Development - Snap introduced its new AR glasses operating system, Snap OS 2.0, which includes features for playing long videos directly on the glasses and accessing various types of websites [1] - The new system is currently applied to the developer version of Spectacles, with plans for a lighter consumer version, Specs, set to launch in 2026, also running on Snap OS [1]

Core Viewpoint - A class action securities lawsuit has been filed against Snap Inc. due to alleged securities fraud that negatively impacted investors between April 29, 2025, and August 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Snap's management provided overly positive statements while concealing material adverse facts about the company's advertising revenue growth rate, 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, the timing of Ramadan, and minor changes [2]. - Following the announcement, Snap's stock price dropped from $9.39 per share to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until October 20, 2025, to request appointment as lead plaintiff, although participation does not require serving in 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, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].

Core Viewpoint - The Gross Law Firm is notifying shareholders of Snap Inc. regarding a class action lawsuit due to misleading statements about the company's advertising revenue growth, which significantly declined during the reported period [1][3]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from April 29, 2025, to August 5, 2025. Allegations include that Snap provided overly positive statements while concealing material adverse facts about its advertising revenue growth rate, which fell from 9% in Q1 to only 1% in April 2025 [3]. Financial Impact - On August 5, 2025, Snap announced a slowdown in advertising revenue growth, attributing it to issues with its ad platform and other factors. Following this announcement, Snap's stock price dropped from $9.39 to $7.78 per share, a decline of approximately 17.15% in one day [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by October 20, 2025, to monitor the case's progress. There is no cost or obligation to participate [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices. The firm seeks recovery for investors who suffered losses due to misleading statements that inflated stock prices [5].

Market Performance - The NASDAQ index gained 197 points or 0.90% to reach 22339, with a high of 22340.91 [1] - The S&P index increased by 31 points or 0.47% to 6614.69, with an earlier high of 6619.62, indicating potential for a new record close [1] - The Dow industrial average declined by 48 points or -0.11% to 45787.66, with companies like Amgen, McDonald's, Sherwin-Williams, and 3M contributing to the downturn [2] - The small-cap Russell 2000 rose by 7.69 points or 0.32% to 2404.73 [2] Notable Stock Movements - Tesla surged by 6.45% following reports of Elon Musk purchasing about $1 billion in Tesla stock, indicating strong bullish momentum [3] - Chewy increased by 5.42% due to optimism for continued demand growth in online pet supplies [3] - ASML ADR rose by 5.37% driven by strong semiconductor sector momentum and robust chip equipment demand [3] - Western Digital gained 5.24% as memory chip recovery prospects improved [3] - Roblox climbed by 4.55% on sustained growth expectations in gaming and metaverse engagement [3] - Tapestry increased by 4.34% supported by strong consumer discretionary flows and luxury retail optimism [3] - Intel advanced by 4.05% due to chip sector strength and AI-related tailwinds [3] - Alphabet A rose by 3.65% on steady ad revenue momentum and AI growth prospects [3] - Oracle increased by 3.28% following upbeat sentiment around its cloud and AI-driven enterprise services [3] - GameStop Corp climbed by 3.07% as retail interest in meme-related stocks remains elevated [3] - Snowflake edged higher by 2.76% with continued confidence in data and AI-related demand [3] - Snap increased by 2.66% on improving advertising sentiment [3] - Stellantis NV ticked up by 2.64% supported by global auto demand and EV outlook [3] - CrowdStrike Holdings advanced by 2.31% on strong cybersecurity sector momentum [3]

Group 1 - Snap's stock price reversed its pre-market trend, currently rising nearly 2% [2]

Augmented Reality (AR) Development - Snap is updating its operating system for AR glasses, indicating progress towards launching consumer eyewear next year [1] Product Launch - The company is approaching the launch of its first consumer eyewear product in the coming year [1]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Snap Inc. regarding a class action lawsuit due to misleading statements about the company's advertising revenue growth, which significantly declined from 9% to 1% during the specified period [1]. Summary by Sections Allegations - The complaint alleges that Snap Inc. provided overly positive statements to investors while concealing material adverse facts about its advertising revenue growth rate [1]. - The advertising revenue growth rate dropped from 9% in Q1 to only 1% in April 2025, attributed to execution failures by Snap [1]. Financial Impact - On August 5, 2025, Snap announced a deceleration in advertising revenue growth, which led to a dramatic stock price decline from $9.39 per share to $7.78 per share, a decrease of approximately 17.15% in one day [1]. Next Steps for Shareholders - Shareholders who purchased shares of Snap during the class period are encouraged to register for the class action by October 20, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to false or misleading statements [3].

Group 1 - The Rosen Law Firm is reminding purchasers of Snap Inc. securities from April 29, 2025, to August 5, 2025, about the lead plaintiff deadline on October 20, 2025 [1] - Investors who purchased Snap securities during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting the Rosen Law Firm [3][6] Group 2 - The lawsuit alleges that Snap's management created a false impression regarding the company's advertising revenue and growth potential, while downplaying macroeconomic instability [5] - Snap's optimistic reports on advertising growth were misleading, as they were based on an overestimation of the company's execution capabilities, which were already faltering [5]

Group 1 - The FTC has issued investigation orders to seven AI chatbot companies, including OpenAI, Meta, Snap, xAI, Alphabet, and Character.AI, to assess the impact of "virtual companion" AI products on children and teenagers [1][3] - The investigation focuses on the companies' profit models, user retention strategies, and measures taken to mitigate user risks, emphasizing that this is a research project rather than an enforcement action [3] - The FTC aims to balance the need for "protecting children's safety" with maintaining the U.S.'s global leadership in AI, with a requirement for companies to respond within 45 days [3] Group 2 - Recent reports of youth suicide incidents have heightened societal concern regarding the impact of AI products, prompting the FTC's investigation [4] - Legislative efforts are underway in various U.S. states, such as California, to establish safety standards for AI chatbots and enhance corporate accountability regarding minors' rights [4] - The FTC has indicated that if the investigation reveals illegal activities by the companies, further enforcement actions may be taken to protect vulnerable populations, including teenagers [4]

Core Viewpoint - A class action lawsuit has been filed against Snap Inc. and its executives for allegedly misleading investors about the company's advertising revenue and growth potential during the specified class period from April 29, 2025, to August 5, 2025 [1][3]. Group 1: Allegations and Impact - The lawsuit claims that Snap's executives created a false impression of reliable information regarding expected advertising revenue while downplaying macroeconomic instability [3]. - On August 5, 2025, Snap reported disappointing second-quarter results, revealing a significant deceleration in advertising revenue, which led to a stock price drop of over 17% [4]. Group 2: Legal Process and Firm Background - Investors who purchased Snap securities during the class period can seek to be appointed as lead plaintiff in the lawsuit, representing the interests of all class members [5]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized as a leading firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [6].