#USA #New York #Class Action #Levi & Korsinsky #Snap Inc.

In recent news, investors of Snap Inc. (NYSE: SNAP) have been informed about a class action securities lawsuit initiated by Lev & Korsinsky, LLP. This legal action is designed to protect shareholders who may have suffered financial losses as a result of deceptive practices associated with the company. The alleged misconduct reportedly occurred between April 29, 2025, and August 5, 2025, and involves claims of securities fraud. According to the lawsuit, executives from Snap provided overly optimistic statements about the company's growth while omitting significant negative information regarding revenue performance. Notably, it was revealed that advertising revenue growth had plummeted from 9% to a mere 1% in April 2025 due to execution failures on their part. On August 5, 2025, Snap disclosed its financial results for the second quarter which corroborated the decline in revenue growth. The company's admission pointed to issues with its advertising platform, the timing of Ramadan, and minor adjustments that affected overall performance. This led to an immediate and drastic decline in Snap's stock price, falling from $9.39 per share on August 5 to $7.78 the following day—a staggering decrease of approximately 17.15%. The implication of these revelations is significant, prompting affected investors to seek redress. If you believe that you have incurred losses as a result of Snap's misleading statements, it's crucial to act promptly. You must submit your request to be appointed as lead plaintiff by October 20, 2025. However, participating in the class action does not necessitate this role. One of the advantages of joining this class action is that shareholders can potentially receive compensation without any out-of-pocket expenses. There are no costs or obligations associated with participation, making it an appealing option for those who have suffered losses. With a track record of securing hundreds of millions for affected shareholders, Levi & Korsinsky has established itself as a formidable player in the realm of securities litigation. The firm boasts over 70 professionals dedicated to battling on behalf of investors, further solidifying their capability in complex legal matters. Notably, Levi & Korsinsky has been recognized in the ISS Securities Class Action Services' Top 50 Report for multiple consecutive years, symbolizing their commitment to delivering justice for investors. If you require additional information, please reach out to Levi & Korsinsky. You can contact Mr. Joseph E. Levi via email at [email protected] or by calling (212) 363-7500. Furthermore, investors can visit the law firm's website for resources and detailed information about the ongoing lawsuit. This class action represents a critical opportunity for Snap Inc. investors to reclaim losses, emphasizing the importance of holding companies accountable for misleading representations. As the situation unfolds, staying informed and seeking legal advice can be pivotal for affected shareholders.