#United States #New York #Class Action #Gross Law Firm #Snap Inc.

Important Notice for Snap Inc. Shareholders

The Gross Law Firm has issued a crucial alert for all shareholders of Snap Inc. (NYSE: SNAP). If you purchased shares during the designated class period from April 29, 2025, to August 5, 2025, it’s important to be aware of the upcoming lead plaintiff deadline of October 20, 2025. Shareholders are encouraged to reach out for information regarding the potential for lead plaintiff appointments, although such an appointment is not necessary for participation in any recovery.

Allegations Against Snap Inc.

The lawsuit alleges that Snap's executives provided falsely positive reports to investors while they concealed severe issues regarding the true state of the company's advertising revenue growth. Notably, a deceptive narrative suggested that the company maintained a healthy growth rate, which sharply contrasted with the facts. In reality, Snap's advertising revenue growth plummeted from 9% in the first quarter of 2025 to a mere 1% by April of the same year.

On August 5, 2025, Snap disclosed its fiscal second quarter results, revealing a significant downturn in ad revenue growth. Snap attributed this slowdown to problems related to its advertising platform, timing of Ramadan, and some minor changes which affected their overall performance.

Following this revelation, Snap’s stock price took a drastic hit, plummeting from a closing price of $9.39 per share on August 5 to $7.78 the next day—an alarming decline of approximately 17.15% in just one trading day.

Steps for Shareholders

Snap Inc. shareholders should act promptly to register for this class action lawsuit. There’s no cost or obligation involved in registering, and doing so will enable shareholders to stay informed through portfolio monitoring software that provides updates throughout the case's lifecycle. It is critical for investors interested in being lead plaintiffs to meet the October 20 deadline to ensure their participation is recognized.

The Gross Law Firm, known for its commitment to defending investor rights against deceitful corporate practices, stands ready to assist affected shareholders. The firm believes in maintaining high standards of business ethics and aims to hold companies accountable for misleading their investors.

For those looking to take proactive measures, registration can be initiated through this link.

Why Choose Gross Law Firm?

The Gross Law Firm is a nationally renowned class action firm dedicated to protecting investors who have experienced losses due to deceitful practices, manipulative business operations, and fraud. Their mission is to advocate for investors and ensure that companies engage in ethical practices. Participation in this class action does not require lead plaintiff appointment, making it accessible for all who wish to seek recovery for losses incurred.

For further information or queries, shareholders can reach out to Gross Law Firm directly.

Contact Information:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

This is an important reminder for Snap Inc. investors to stay informed, actively participate in the lawsuit, and safeguard their interests against corporate malpractice.