Snap Inc. (SNAP) Sued: Lawsuit Alleges Ad Platform ‘Execution Error' Concealed From Investors, According to Hagens Berman

Core Viewpoint - A securities class action lawsuit has been filed against Snap Inc. and certain senior executives, alleging that the company misled investors regarding its digital advertising platform's performance and growth prospects [1][5]. Summary by Relevant Sections Lawsuit Details - The lawsuit targets investors who purchased Snap shares between April 29, 2025, and August 5, 2025, and seeks to hold the company accountable for investor losses [1][5]. - The complaint claims that Snap provided false assurances about the effectiveness and growth potential of its advertising platform, failing to disclose a significant "execution error" that negatively impacted its ad revenue [5][10]. Financial Performance - Snap reported its Q2 2025 results on August 5, 2025, missing analyst estimates for GAAP EPS and revealing a slowdown in ad revenue growth from 9% in Q1 to just 1% in April [6]. - Following the disclosure of these results, Snap's stock price dropped approximately 17% the next day [7]. Investigation and Call to Action - Hagens Berman, a law firm representing investors, is investigating the claims and encourages those who suffered losses to come forward [8][10]. - The firm is particularly interested in whether Snap was aware of the execution error and the resulting revenue deceleration but chose to delay disclosure [10].