NEW YORK , Sept. 18, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Snap Inc. (NYSE: SNAP). ...

Core Insights - Snap's stock increased by 6% over a week following the launch of its fifth-generation Spectacles and Snap OS 2.0, which aims to improve user experience [2] - Despite this recent uptick, Snap's stock has fallen by 30% this year, indicating ongoing struggles primarily due to disappointing financial results [3] - The current stock price of $8 is considered unattractive due to high valuation, despite average operational and financial performance [4] Company Overview - Snap has a market capitalization of $13 billion and offers a camera application with features like messaging, Snap Map, Stories, and Spotlight, along with Spectacles eyewear [5] - The company has experienced an average annual growth rate of 7.7% in revenue over the past three years, with a 13% increase in revenues from $5.0 billion to $5.6 billion in the last 12 months [10] - Quarterly revenues grew by 8.7%, reaching $1.3 billion compared to $1.2 billion a year earlier [10] Financial Performance - Snap's operating income for the last 12 months was -$654 million, resulting in an operating margin of -11.6% [10] - The company reported a net income of nearly -$546 million, indicating a net margin of approximately -9.7% [10] - Snap's debt stands at $4.2 billion, leading to a debt-to-equity ratio of 32.3%, while cash (including cash equivalents) accounts for $2.9 billion of total assets of $7.4 billion, resulting in a cash-to-assets ratio of 39.1% [10] Stock Performance - Snap's stock has seen a significant decline of 90.7% from a peak of $83.11 on September 24, 2021, to $7.76 on October 21, 2022, compared to a peak-to-trough decline of 25.4% for the S&P 500 [11] - The highest price since the decline was $17.45 on February 6, 2024, with the current trading price at $7.74 [11] - The stock also experienced a 56.5% decline from a peak of $19.25 on January 23, 2020, to $8.37 on March 18, 2020, but fully rebounded by June 1, 2020 [11]

Core Viewpoint - The delay in enforcing a ban on TikTok benefits Snap, as it reduces competition in the social media space, allowing Snap's stock to rise while the broader market declines [1][6]. Group 1: Snap's Market Performance - Snap's stock closed more than 3% higher, contrasting positively with the slight decline of the S&P 500 index [1]. - The delay in TikTok's ban makes Snap's equity appear more attractive to investors [1][6]. Group 2: TikTok's Regulatory Situation - President Trump issued an executive order extending the delay in enforcing a law that effectively bans TikTok, with the new deadline set for December 16 [2][4]. - U.S. and Chinese officials have agreed on a "framework" for a deal that may transfer TikTok's U.S. operations to domestic companies [4]. Group 3: Potential Ownership Structure of TikTok - Reports indicate that TikTok's U.S. operations may be handed over to a consortium including Oracle, Silver Lake Technology Management, and Andreessen Horowitz, with approximately 80% ownership by U.S. investors [5].

SAN DIEGO, Sept. 17, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Snap Inc. (NYSE: SNAP) securities between April 29, 2025 and August 5, 2025, both dates inclusive (the “Class Period”), have until Monday, October 20, 2025 to seek appointment as lead plaintiff of the Snap class action lawsuit. Captioned Abdul-Hameed v. Snap Inc., No. 25-cv-07844 (C.D. Cal.), the Snap class action lawsuit charges Snap and certain of Snap’s top executives w ...

Group 1 - The U.S. Federal Reserve announced a quarter percentage point cut in interest rates, the first since December, due to a softening labor market [1] - The Fed projected two additional rate cuts in 2025, with the benchmark rate expected to be in the range of 3.50% to 3.75% by year-end [1] - The Dow Jones Industrial Average increased by 465 points following the announcement, while the tech-heavy Nasdaq and S&P indexes experienced declines, indicating mixed market reactions [2] Group 2 - Media stocks showed positive performance, with Paramount, Disney, Comcast, TKO, and Lionsgate up by 1%, and Warner Bros. Discovery and Netflix trading up by 2% [3] - Fox's stock increased by 3%, while Snap, Charter, and Sinclair saw gains of 4% [3] - The Federal Reserve's statement highlighted a moderation in economic activity growth, with slowed job gains and a slight increase in the unemployment rate, although it remains low [5]

Core Viewpoint - A securities class action lawsuit has been filed against Snap Inc. and certain senior executives, alleging misleading representations regarding its digital advertising platform and growth prospects, following a significant decline in stock price after Q2 2025 financial results [1][2]. Group 1: Lawsuit Details - The lawsuit claims Snap provided false assurances about the effectiveness of its advertising platform and its revenue-driving potential, while actually facing negative impacts from a major execution error related to recent changes in the ad platform [2][4]. - The alleged deception became apparent on August 5, 2025, when Snap reported Q2 2025 results, missing analyst estimates for GAAP EPS and revealing a drastic slowdown in ad revenue growth from 9% in Q1 to just 1% in April [3]. Group 2: Financial Impact - Following the disappointing Q2 results, Snap's stock price dropped approximately 17% the day after the announcement, reflecting investor reaction to the disclosed issues [3]. Group 3: Investigation and Support - Hagens Berman, a law firm representing investors, is investigating whether Snap misled investors regarding the ad platform changes that led to revenue deceleration and share price decline [4]. - The firm is urging investors who suffered losses to come forward and is also encouraging whistleblowers with non-public information to assist in the investigation [5].

Core Viewpoint - A class action securities lawsuit has been filed against Snap Inc. for alleged securities fraud, impacting 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]. - On August 5, 2025, Snap reported a slowdown in advertising revenue growth, attributing it to issues with their ad platform and other factors, leading to a significant stock price drop from $9.39 to $7.78, 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 eligible for compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a strong track record, having secured hundreds of millions for shareholders and being recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4].

Core Viewpoint - A class action securities lawsuit has been filed against Snap Inc. due to alleged securities fraud that negatively impacted investors between April 29, 2025, and August 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Snap's management provided overly positive statements while concealing material adverse facts about the company's advertising revenue growth rate, which fell from 9% in Q1 to only 1% in April 2025 [2]. - On August 5, 2025, Snap reported a slowdown in advertising revenue growth, attributing it to issues with their ad platform, the timing of Ramadan, and minor changes [2]. - Following the announcement, Snap's stock price dropped from $9.39 per share 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 serving in 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, LLP 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].

Core Viewpoint - The Gross Law Firm is notifying shareholders of Snap Inc. regarding a class action lawsuit due to misleading statements about the company's advertising revenue growth, which significantly declined during the reported period [1][3]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from April 29, 2025, to August 5, 2025. Allegations include that Snap provided overly positive statements while concealing material adverse facts about its advertising revenue growth rate, which fell from 9% in Q1 to only 1% in April 2025 [3]. Financial Impact - On August 5, 2025, Snap announced a slowdown in advertising revenue growth, attributing it to issues with its ad platform and other factors. Following this announcement, Snap's stock price dropped from $9.39 to $7.78 per share, a decline of approximately 17.15% in one day [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by October 20, 2025, to monitor the case's progress. There is no cost or obligation to participate [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices. The firm seeks recovery for investors who suffered losses due to misleading statements that inflated stock prices [5].

The launch comes as the company rolled out its fifth-generation Snap Spectacles for developers last year and plans to launch a consumer version sometime in 2026. https://t.co/EN5jEcah38 ...