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Shareholders of Snap Inc. Should Contact Levi & Korsinsky Before October 20, 2025 to Discuss Your Rights – SNAP
SnapSnap(US:SNAP) GlobeNewswire News Room·2025-08-25 21:26

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] Group 1: Lawsuit Details - The lawsuit claims that Snap provided overly positive statements while concealing material adverse facts about its advertising revenue growth rate, which dropped from 9% in Q1 to only 1% in April 2025 [2] - Following the announcement of its Q2 2025 financial results on August 5, 2025, Snap disclosed a slowdown in advertising revenue growth, attributing it to issues with its ad platform and other factors [2] - 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 [2] Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until October 20, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [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 history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]