SNAP 5-DAY DEADLINE ALERT: Snap Inc. (SNAP) Sued, Lawsuit Alleges Ad Platform ‘Execution Error' Concealed From Investors, According to Hagens Berman

Core Insights - Snap Inc. shares declined by 6.6% following Mizuho's initiation of coverage with a Neutral rating and a $9 price target, describing the company as a "show-me story" due to weak feedback from its advertising channels [1][2] Company Performance - Snap faced significant negative consequences from an "execution error" related to a recent change in its advertising platform, which was not disclosed to investors during the Class Period [5][8] - The company's Q2 2025 results revealed a slowdown in ad revenue growth, dropping from 9% in Q1 to just 1% in April, leading to a 17% stock price drop the following day [6] Legal Issues - A federal securities class action lawsuit has been filed against Snap and certain senior executives, alleging misleading representations regarding the performance and growth prospects of its digital advertising platform [2][5] - The lawsuit covers investors who purchased shares between April 29, 2025, and August 5, 2025 [7][11]