Snap(US:SNAP) Globenewswire·2025-09-15 20:01Core Viewpoint - The Gross Law Firm is notifying shareholders of Snap Inc. regarding a class action lawsuit due to misleading statements about the company's advertising revenue growth, which significantly declined during the reported period [1][3]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from April 29, 2025, to August 5, 2025. Allegations include that Snap provided overly positive statements while concealing material adverse facts about its advertising revenue growth rate, which fell from 9% in Q1 to only 1% in April 2025 [3]. Financial Impact - On August 5, 2025, Snap announced a slowdown in advertising revenue growth, attributing it to issues with its ad platform and other factors. Following this announcement, Snap's stock price dropped from $9.39 to $7.78 per share, a decline of approximately 17.15% in one day [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by October 20, 2025, to monitor the case's progress. There is no cost or obligation to participate [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices. The firm seeks recovery for investors who suffered losses due to misleading statements that inflated stock prices [5].