Core Viewpoint - A class action lawsuit has been filed against Snap Inc. for alleged violations of securities laws, specifically related to misleading statements about the impact of Apple's privacy changes on its advertising business [1][4]. Group 1: Lawsuit Details - The lawsuit is based on claims that Snap made false and misleading statements regarding its advertising capabilities in light of Apple's device privacy changes [4]. - The class period for the lawsuit is defined as between July 22, 2020, and October 21, 2021 [2]. - Investors who suffered losses during this period are encouraged to participate in the lawsuit before the deadline of January 10, 2021 [2]. Group 2: Company Statements - Snap allegedly downplayed the risks posed by Apple's privacy changes and overstated its commitment to user privacy [4]. - The company's public statements are claimed to have been materially misleading, leading to investor damages when the truth was revealed [4]. Group 3: Legal Representation - The Schall Law Firm specializes in securities class action lawsuits and is representing investors globally [5]. - Investors can contact the firm for a free discussion of their rights [3].
INVESTOR ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Snap Inc. and Encourages Investors with Losses in Excess of $250,000 to Contact the Firm