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]

Core Viewpoint - The Gross Law Firm is notifying shareholders of Snap Inc. regarding a potential 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 Allegations - The complaint alleges that Snap Inc. provided overly positive statements to investors 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 deceleration 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]. Class Action Details - The class period for the lawsuit is from April 29, 2025, to August 5, 2025. Shareholders are encouraged to register for the class action by October 20, 2025, to participate in potential recovery [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to false or misleading statements by companies, emphasizing the importance of responsible business practices [5].

CLASS PERIOD: April 29, 2025 to August 5, 2025 , /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Snap Inc. (NYSE: SNAP). Shareholders who purchased shares of SNAP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/snap-inc-loss-submission-form-3/?id=170620&from=4 The Gross Law Firm ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Snap Inc. regarding a class action lawsuit due to allegations of misleading statements about the company's advertising revenue growth, which significantly declined from 9% to 1% during the specified period [1]. Summary by Sections Allegations - The complaint alleges that Snap Inc. provided overly positive statements to investors while concealing material adverse facts about its advertising revenue growth rate [1]. - The advertising revenue growth rate reportedly dropped from 9% in Q1 to only 1% in April 2025, attributed to execution failures within the company [1]. Financial Impact - On August 5, 2025, Snap announced its Q2 financial results, revealing a slowdown in advertising revenue growth due to issues with its ad platform and other factors [1]. - Following this announcement, Snap's stock price fell from $9.39 per share on August 5 to $7.78 per share on August 6, representing a decline of approximately 17.15% in one day [1]. Class Action Details - Shareholders who purchased shares of Snap during the class period from April 29, 2025, to August 5, 2025, are encouraged to register for the class action lawsuit [2]. - The deadline for shareholders to seek lead plaintiff status is October 20, 2025, and there is no cost or obligation to participate in the case [2].