Snap(US:SNAP) Globenewswire·2025-10-20 20:23Core Viewpoint - 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]. Group 1: Lawsuit Details - The lawsuit claims that Snap provided misleading positive statements while concealing significant declines in advertising revenue growth, which fell from 9% in Q1 to only 1% in April 2025 [2]. - Following the announcement of second-quarter financial results on August 5, 2025, Snap reported a deceleration in advertising revenue growth, attributing it to issues with their ad platform and other factors [2]. - Snap's stock price dropped from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until October 20, 2025, to request appointment as lead plaintiff, although participation does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].