SNAP ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Snap, Inc. and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against Snap, Inc. for allegedly misleading investors regarding its advertising revenue growth, which significantly declined from 9% to 1% during the specified period [2][7]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased Snap securities between April 29, 2025, and August 5, 2025, inclusive [2]. - Investors have until October 20, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations - The complaint alleges that Snap provided overly positive statements while concealing material adverse facts about its advertising revenue growth [7]. - Snap's advertising revenue growth rate reportedly declined from 9% in the first quarter to only 1% in April due to execution failures [7]. Group 3: Financial Impact - On August 5, 2025, Snap announced a deceleration in advertising revenue growth, attributing it to issues with its ad platform and other factors [7]. - Following this announcement, Snap's stock price fell from $9.39 per share to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [7].