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 financial results [1][4]. 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 [4]. - The alleged misleading information 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 [5]. Group 2: Financial Impact - Following the Q2 report, Snap's stock price dropped approximately 17% the next day due to the disclosed issues with its advertising platform and revenue growth [5]. Group 3: Legal Representation - Hagens Berman, a law firm, is investigating the case and encouraging investors who suffered losses to come forward, questioning whether Snap misled investors about the ad platform changes that led to revenue deceleration and share price decline [6].

Core Viewpoint - A class action lawsuit has been filed against Snap, Inc. for allegedly misleading investors regarding its advertising revenue growth, which significantly declined from 9% to 1% during the specified period [2][7]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased Snap securities between April 29, 2025, and August 5, 2025, inclusive [2]. - Investors have until October 20, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations - The complaint alleges that Snap provided overly positive statements while concealing material adverse facts about its advertising revenue growth [7]. - Snap's advertising revenue growth rate reportedly declined from 9% in the first quarter to only 1% in April due to execution failures [7]. Group 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 [7]. - Following this announcement, Snap's stock price fell from $9.39 per share to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [7].

Core Viewpoint - The article discusses a class action lawsuit against Snap Inc. due to misleading statements regarding its advertising revenue growth and operational issues, which led to a significant drop in stock price [2][3]. Summary by Sections Class Action Details - Investors who purchased Snap securities between April 29, 2025, and August 5, 2025, have until October 20, 2025, to file a lead plaintiff motion in the class action lawsuit [1][4]. Financial Performance - On August 5, 2025, Snap reported a deceleration in advertising revenue growth attributed to issues with its ad platform, the timing of Ramadan, and minor changes, resulting in a stock price decline of $1.61, or 17.1%, closing at $7.78 per share on August 6, 2025 [2]. Allegations in the Lawsuit - The lawsuit alleges that Snap's management made materially false and misleading statements about the company's business and prospects, failing to disclose significant execution errors and overly optimistic growth expectations [3]. - Specific allegations include: 1. Snap's reports on advertising growth were overly optimistic and not reflective of reality [3]. 2. The company was already facing execution issues while claiming macroeconomic conditions were the cause of its challenges [3]. 3. Positive statements made by the defendants lacked a reasonable basis and were materially misleading [3].

Core Viewpoint - ClaimsFiler is reminding investors of the deadline to file lead plaintiff applications in a securities class action lawsuit against Snap Inc. for failing to disclose material information during the class period [1][3]. Summary by Sections Lawsuit Details - The lawsuit involves Snap and certain executives accused of not disclosing material information, violating federal securities laws during the class period from April 29, 2025, to August 5, 2025 [3]. - On August 5, 2025, Snap announced a deceleration in advertising revenue growth, attributing it to issues with their ad platform, the timing of Ramadan, and minor changes [3]. - Following this announcement, Snap's share price dropped from $9.39 to $7.78, a decline of approximately 17.15% in one day [3]. ClaimsFiler Information - ClaimsFiler aims to assist retail investors in recovering funds from securities class action settlements [5]. - The platform allows investors to register for free, access information on various securities class action cases, upload portfolio data for notifications on relevant cases, and submit inquiries for free case evaluations [5].