Investor Alert: Robbins LLP Updates on Snap Inc. Class Action Lawsuit News

On August 21, 2025, Robbins LLP announced that a class action lawsuit has been initiated for investors who acquired Snap Inc. (NYSE: SNAP) securities between April 29, 2025, and August 5, 2025. The case, numbered 225-CV-07844, highlights concerns about the misleading information regarding Snap's advertising revenue and business growth potential.

Snap Inc. is widely recognized for its flagship product, Snapchat, a visual messaging application that has attracted millions of users. However, recent findings have raised questions about the company's financial transparency. According to the allegations laid out in the lawsuit, Snap's management portrayed an overly optimistic outlook concerning its advertising growth and revenue forecasts. This assurance seemed to overshadow potential risks, creating a distorted view of the company's stability during a period of macroeconomic uncertainty.

The Allegations

The central argument of the lawsuit is that during the class period, Snap's executives offered reassurances about the company's performance, painting a misleading picture of robust advertising revenue potential. This claim allegedly overlooked significant operational issues already affecting the company. Furthermore, as the lawsuit indicates, Snap was grappling with a substantial execution problem that contradicted the narrative built around its financial prospects. Robbins LLP points out that on August 5, 2025, Snap disclosed its second-quarter earnings, revealing a setback in advertising revenue growth. The firm cited