Core Viewpoint - Snap Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its advertising revenue and growth potential during the specified class period from April 29, 2025, to August 5, 2025 [1][3]. Group 1: Class Action Details - The class action lawsuit represents investors who purchased Snap securities during the class period and have until October 20, 2025, to file a lead plaintiff motion [1]. - The lawsuit claims that Snap's management created a false impression of reliable advertising revenue information while attributing uncertainties to external macroeconomic conditions [3]. Group 2: Allegations and Financial Impact - The complaint alleges that Snap's optimistic statements about advertising growth were unfounded and based on execution capabilities that the company was failing to meet [3]. - On August 5, 2025, Snap reported disappointing second quarter 2025 financial results, revealing a sharp slowdown in advertising revenue, which led to a stock price drop of more than 17% [4].
Snap Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. October 20, 2025 Deadline to file Lead Plaintiff Motion