Core Viewpoint - A class action lawsuit has been filed against Snap Inc. for allegedly misleading investors about its business prospects and advertising revenue growth during the specified period [1][2]. Group 1: Allegations and Financial Impact - The complaint alleges that Snap's management created a false impression of reliable advertising revenue information while downplaying significant execution errors and macroeconomic instability [2]. - On August 5, 2025, Snap reported a slowdown in advertising revenue growth, attributing it to issues with its ad platform and other factors, leading to a stock price decline from $9.39 to $7.78, a drop of over 17% [3]. Group 2: Class Action Participation - Shareholders who purchased Snap securities during the class period may be eligible to participate in the class action and can contact Robbins LLP for more information [3]. - The lead plaintiff in the class action will represent other class members, but participation is not required for recovery [3]. Group 3: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless there is a recovery [4]. - The firm has a history of advocating for shareholder rights and holding company executives accountable since 2002 [4].
SNAP Stockholders Should Contact Shareholder Rights Law Firm Robbins LLP Before the Lead Plaintiff Deadline for Information About Leading the Securities Fraud Class Action Lawsuit Against Snap Inc.