Pomerantz LLP announces that a class action lawsuit has been filed againstSnap, Inc. (“Snap” or the “Company”)(NYSE: SNAP).Such investors are advised to contact Danielle Peyton atnewaction@pomlaw.comor646-581-9980,(or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
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The class action concerns whetherSnap and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You haveuntil October 20, 2025to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquiredSnap securities during the Class Period. A copy of the Complaint can be obtained atwww.pomerantzlaw.com.
[Click here for information about joining the class action]
On August 5, 2025, Snap announced its financial results for the second quarter of fiscal year 2025, disclosing a deceleration in advertising revenue growth. The Company attributed the slowdown to “an issue related to our ad platform, the timing of Ramadan, and the effects of the de minimis changes.”
On this news, Snap's stock price fell $1.61 per share, or 17.15%, to close at $7.78 per share on August 6, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. Seewww.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com 646-581-9980 ext. 7980
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