"A class action lawsuit was filed against Snap Inc. (SNAP) by Levi & Korsinsky on August 21, 2025. The plaintiffs (shareholders) alleged that they bought SNAP stock at artificially inflated prices between April 29, 2025, and August 5, 2025 (Class Period) and are now seeking compensation for their financial losses. Investors who bought Snap stock during that period can click here to learn about joining the lawsuit."
"According to the lawsuit, Snap and two of its senior officers (the Defendants) repeatedly made false and misleading public statements throughout the Class Period. In particular, they are accused of omitting truthful information about the company's advertising revenue growth rate from SEC filings and related material. During the Class Period, the defendants kept reiterating the company's continued growth expectations. In an earnings call, Snap's CEO highlighted progress on its advertising platform and confidence in achieving stronger performance, positive free cash flow."
Levi & Korsinsky filed a class action against Snap Inc. on August 21, 2025, for shareholders who purchased SNAP stock between April 29 and August 5, 2025. Plaintiffs allege purchases were made at artificially inflated prices and seek compensation for losses. The complaint alleges Snap and two senior officers made false and misleading public statements and omitted information about advertising revenue growth rates in SEC filings and related materials. The complaint cites earnings call remarks in which the CEO emphasized advertising-platform progress, confidence in stronger performance and positive free cash flow, while the CFO noted early-quarter headwinds and investment tradeoffs. Snap reports 469 million DAUs and 932 million MAUs.
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