Class Action Lawsuit Notification for Snap Inc. Investors: Important Deadline Ahead
Snap Inc. Class Action Lawsuit Overview
In a recent announcement, The Gross Law Firm informed shareholders of Snap Inc. (NYSE: SNAP) about a class action lawsuit that could affect their investments. The firm urges those who purchased Snap shares during the specified period to take action as important deadlines approach.
What You Need to Know
The lawsuit centers on allegations that Snap provided misleading information to its investors regarding its advertising revenue growth rate. According to the complaint, while publicly maintaining a positive outlook, the company concealed troubling facts that pointed to a significant decline in revenue growth. Specifically, Snap's advertising revenue growth plummeted from 9% in the first quarter to a mere 1% in April—a trend that became apparent following Snap's financial results announcement on August 5, 2025.
The financial disclosure revealed a deceleration in Snap's advertising revenues, attributed to issues with their ad platform and other related factors. The impact of this revelation was swift and severe, with Snap's stock price dropping from an already low $9.39 to $7.78 in just one trading day, marking a staggering decline of approximately 17.15%.
Key Dates for Investors
Shareholders who purchased shares during the class period from April 29, 2025, to August 5, 2025, are encouraged to act promptly. The deadline for registering to participate in the class action is October 20, 2025. Registration allows shareholders to potentially recover losses incurred due to the misleading statements made by the company. It's important to note that becoming a lead plaintiff is not a requirement for recovery.
Steps for Shareholders
1. Registration: Interested shareholders should register their information to be included in the lawsuit. By doing so, they will also gain access to portfolio monitoring tools that provide updates throughout the lawsuit's progress.
2. Monitor Updates: Once registered, investors will receive continuous information regarding any developments in the case, ensuring that they stay informed every step of the way.
3. Consult The Firm: Any shareholders with questions or who wish to discuss their eligibility for recovery can reach out to The Gross Law Firm for guidance. Their commitment to protecting investor rights underscores the importance of participation.
About The Gross Law Firm
The Gross Law Firm is recognized nationally for its dedication to standing up for investors impacted by corporate misconduct. The firm focuses on holding companies accountable for misleading practices that lead to unjust losses for shareholders. They actively strive to ensure fair corporate governance and advocate for responsible business practices.
For those affected by Snap's current situation, this is a crucial moment to take action. The information provided by The Gross Law Firm serves as a vital resource in navigating this complex legal landscape. Investors should act quickly to ensure they do not miss the opportunity to seek recovery.
For more information or to submit your claim, visit the Gross Law Firm's website or contact them directly at:
- - Address: 15 West 38th Street, 12th floor, New York, NY 10018
- - Email: [email protected]
- - Phone: (646) 453-8903
Stay informed and take action to protect your investments.
Topics Financial Services & Investing）
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