Snap Inc. Accused of Breaking Securities Laws - Consult The Gross Law Firm by October 20, 2025 to Explore Legal Rights - SNAP
The Gross Law Firm, a nationally recognized class action law firm, has issued a notice to shareholders of Snap Inc. (NYSE: SNAP) following the tech company's announcement of a deceleration in advertising revenue growth.
On August 5, 2025, Snap disclosed that its advertising revenue growth rate had declined significantly, dropping from 9% in the first quarter to only 1% in April. This news was followed by a dramatic decline in Snap's stock price, with the share price falling from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025. This represents a drop of about 17.15% in a single day.
The notice is for shareholders who purchased shares of SNAP during the class period listed, which is from April 29, 2025, to August 5, 2025. The deadline to register for the class action is October 20, 2025.
Snap attributed the slowdown to issues related to its ad platform, the timing of Ramadan, and de minimis changes. However, the notice alleges that defendants provided materially false and misleading statements about Snap's advertising revenue growth rate.
Shareholders who purchased shares of SNAP during the specified class period are encouraged to consider seeking legal representation. Appointment as lead plaintiff is not required to partake in any recovery.
The contact information for The Gross Law Firm is provided on this link: contact information or via email at [email protected] and phone at (646) 453-8903.
Shareholders are also encouraged to contact The Gross Law Firm regarding possible lead plaintiff appointment. The firm is committed to protecting investors who have suffered losses due to deceit, fraud, and illegal business practices.
This notice is related to potential legal action involving Snap Inc. (NYSE: SNAP). It is important for shareholders to stay informed and take action if they believe they may be affected.
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