Snap Inc. Shareholders File Securities Fraud Class Action Lawsuit.

Bernstein Liebhard LLP reminds Snap Inc. investors of a securities fraud class action lawsuit with an upcoming deadline. The lawsuit was filed on behalf of investors who purchased or acquired Snap securities between April 29, 2025 and August 5, 2025. If you owned Snap shares during this period and lost money, you may be eligible to join the class action lawsuit. Contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com for more information.

Snap Inc. investors are being reminded of a class action lawsuit filed against the company, alleging securities fraud. The lawsuit was initiated on behalf of investors who purchased or acquired Snap Inc. (NYSE:SNAP) securities between April 29, 2025, and August 5, 2025 [1].

The class action lawsuit, filed by Robbins LLP and Levi & Korsinsky, LLP, claims that Snap Inc. misled investors regarding its business prospects. The complaint alleges that during the class period, Snap Inc. created a false impression of reliable information about the company’s expected advertising revenue and anticipated growth, while emphasizing potential macroeconomic instability. In reality, Snap Inc. was already experiencing the ramifications of a significant execution error when it claimed a lack of visibility due to macroeconomic conditions [1][2].

According to the complaint, on August 5, 2025, Snap Inc. announced its financial results for the second quarter of fiscal 2025, disclosing a deceleration in advertising revenue growth. The company attributed the slowdown to "an issue related to our ad platform, the timing of Ramadan and the effects of the de minimis changes." Following this news, the price of Snap Inc.'s common stock declined from a closing market price of $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, a decline of over 17% [1][2].

Investors who suffered losses during this period may be eligible to join the class action lawsuit. If you owned Snap shares during the relevant time frame and lost money, you have until October 20, 2025, to request that the Court appoint you as lead plaintiff. You do not have to participate in the case to be eligible for a recovery. For more information, contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com [2].

References:
[1] https://www.globenewswire.com/news-release/2025/08/29/3141748/32719/en/Robbins-LLP-Encourages-SNAP-Stockholders-with-Large-Losses-to-Contact-the-Firm-for-Information-About-the-Securities-Fraud-Class-Action-Lawsuit-Against-Snap-Inc.html
[2] https://www.morningstar.com/news/pr-newswire/20250902ny61599/levi-korsinsky-notifies-snap-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-snap