Class Action Filed Against Snap Inc. (SNAP) - October 20, 2025 Deadline to Join - Contact Levi & Korsinsky
SnapSnap(US:SNAP) Prnewswire·2025-10-17 12:45

Core Points - A class action securities lawsuit has been filed against Snap Inc. for alleged securities fraud affecting investors between April 29, 2025, and August 5, 2025 [1][2] - The lawsuit claims that Snap misled investors about its advertising revenue growth, which dropped from 9% in Q1 to only 1% in April 2025 [2] - Following the announcement of disappointing financial results on August 5, 2025, Snap's stock price fell from $9.39 to $7.78, a decline of approximately 17.15% in one day [2] Case Details - The complaint alleges that Snap provided overly positive statements while concealing material adverse facts about its advertising revenue growth [2] - Snap attributed the slowdown in advertising revenue growth to issues with its ad platform, the timing of Ramadan, and minor changes [2] - Investors affected by the decline in stock price have until October 20, 2025, to request to be appointed as lead plaintiff in the lawsuit [3] Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]