Core Viewpoint - A class action lawsuit has been filed against Snap, Inc. due to misleading statements regarding its advertising revenue growth, which significantly declined from 9% to 1% in April 2025, leading to a substantial drop in stock price [3][4]. Group 1: Lawsuit Details - The class action lawsuit, Omar Abdul-Hameed v. Snap, Inc., was initiated in the United States District Court for the Central District of California for individuals who purchased Snap securities between April 29, 2025, and August 5, 2025 [1]. - Investors are notified that they can request to be appointed as lead plaintiff by October 20, 2025, although participation in any recovery does not require this role [5]. Group 2: Financial Performance - Snap's financial results for Q2 2025 revealed a deceleration in advertising revenue growth, attributed to issues with its ad platform, the timing of Ramadan, and minor changes [4]. - Following the announcement of these results, Snap's stock price fell 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 [4]. Group 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 and consistently ranking among the top securities litigation firms in the United States [6].