Snap(US:SNAP) Prnewswire·2025-09-15 12:45Core 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].