Gross Law Firm Issues Notice to Shareholders of Snap Inc.

Strategic Insights -

The Gross Law Firm has issued a notice to shareholders of Snap Inc. (NYSE: SNAP) regarding possible lead plaintiff appointment in a class action lawsuit. Shareholders who purchased shares of SNAP during the class period of April 29, 2025, to August 5, 2025, are encouraged to contact the firm. The lawsuit alleges that defendants provided false and misleading statements about Snap's advertising revenue growth rate, resulting in a decline in stock price. The deadline to seek to be a lead plaintiff is October 20, 2025.

Key Takeaways:

  • The Gross Law Firm is seeking recovery on behalf of investors who incurred losses due to allegedly false and/or misleading statements made by Snap Inc.
  • The class action lawsuit alleges that Snap's advertising revenue growth rate was misrepresented, leading to a decline in stock price.
  • The deadline to seek to be a lead plaintiff in the case is October 20, 2025.
  • Shareholders who purchased shares of SNAP during the class period of April 29, 2025, to August 5, 2025, are encouraged to contact the Gross Law Firm.
  • The lawsuit alleges that Snap's stock price declined dramatically after the company announced its financial results for the second quarter of fiscal 2025.
  • Snap attributed the slowdown in advertising revenue growth to an issue related to its ad platform, the timing of Ramadan, and the effects of the de minimis changes.

Statistics:

  • Snap's stock price fell from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, a decline of about 17.15% in a single day.
  • The class period for the lawsuit is from April 29, 2025, to August 5, 2025.
  • The deadline to seek to be a lead plaintiff in the case is October 20, 2025.

Sources:

  • The Gross Law Firm
  • SOURCE The Gross Law Firm (via PRNewswire)