Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Snap, Inc. (SNAP)

Core Viewpoint - A securities class action lawsuit has been filed against Snap Inc. for allegedly providing misleading information regarding its advertising revenue expectations during the second quarter and full year fiscal 2025 [1][2]. Group 1: Allegations and Financial Impact - The lawsuit claims that Snap's management made overly positive statements about the company's advertising growth potential while concealing significant declines in advertising revenue growth, which fell from 9% in Q1 to only 1% in April 2025 [3]. - On August 5, 2025, Snap reported a slowdown in advertising revenue growth, attributing it to issues with its ad platform and other external factors, leading to a significant stock price drop from $9.39 to $7.78 per share, a decline of approximately 17.15% in one day [4]. Group 2: Investor Actions - Investors who acquired Snap shares during the class period are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on October 20, 2025, to discuss their rights and interests regarding the class action [5].