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

Class Action Lawsuit Against Snap Inc. (SNAP)

On September 15, 2025, The Gross Law Firm announced a class action suit aimed at Snap Inc. (NYSE: SNAP) that investors need to be aware of. This notice is particularly important for shareholders who bought SNAP shares between April 29, 2025, and August 5, 2025. If you are affected, it’s essential to consider contacting the law firm for potential lead plaintiff appointment.

The Allegations

The complaint against Snap Inc. suggests that the company misled investors by providing excessively positive statements while hiding significant adverse facts about its advertising revenue growth. Notably, the revenue growth rate plummeted from 9% in Q1 to a mere 1% in April, a drastic decline attributed to execution failures by Snap. This downturn was officially communicated on August 5, 2025, when Snap disclosed its financial results for Q2, indicating a slowdown in advertising revenue growth. Snap cited issues with its ad platform, coincidental timing with Ramadan, and other trivial changes as contributors to this decline.

Following the announcement, Snap’s stock saw a dramatic drop from $9.39 per share on August 5 to $7.78 the next day, marking a significant decline of approximately 17.15% in just 24 hours.

Important Deadlines

The deadline for shareholders to register for this class action suit is October 20, 2025. It’s crucial for investors to act promptly to ensure they are included in any potential recovery process. Registering as a shareholder grants access to a portfolio monitoring service that will provide status updates throughout the duration of the case.

Additionally, it’s important to note that to participate in this case does not require an appointment as a lead plaintiff. All shareholders who bought shares during the specified period can register through the Gross Law Firm’s online submission form.

Why This Matters

The Gross Law Firm is well-recognized in handling class action cases. The firm aims to protect the rights of investors who have faced losses due to fraudulent actions or misleading information from companies. By participating in the class action, you not only seek recovery for any losses incurred but also support accountability within corporate practices.

The implications of this lawsuit extend beyond individual investors. They contribute to a broader dialogue about corporate governance and the responsibility of companies to adhere to ethical communication regarding their financial health.

If you are a shareholder of Snap Inc. and wish to learn more or register for the class action suit, it is recommended to visit the Gross Law Firm’s website or contact them directly at the provided email and phone number.

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

Taking action now can be vital in protecting your investment and ensuring corporate accountability in a landscape that increasingly demands transparency and integrity from public companies.

Stay updated and register before the deadline to secure your rights as an investor affected by these significant changes at Snap Inc.