Company Announcements

SAN DIEGO , Aug. 22, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Snap Inc. (NYSE: SNAP) securities between April 29, 2025 and August 5, 2025, inclusive (the "Class Period"), have until October 20, 2025 to seek appointment as lead plaintiff of the Snap class action lawsuit.  Captioned Abdul-Hameed v. Snap Inc., No. 25-cv-07844 (C.D. Cal.), the Snap class action lawsuit charges Snap and certain of Snap's top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Snap class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-snap-class-action-lawsuit-snap.html  

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.

CASE ALLEGATIONS: Snap operates as a technology company.

The Snap class action lawsuit alleges that defendants created the false impression that they possessed reliable information pertaining to Snap's expected advertising revenue and anticipated growth while emphasizing potential macroeconomic instability.  In truth, according to the complaint, Snap's optimistic reports of advertising growth and earnings potential fell short of reality as they relied far too heavily on Snap's ability to execute on its potential and Snap was already experiencing the ramifications of a significant execution error when defendants claimed a lack of visibility due to macroeconomic conditions.

The Snap class action lawsuit further alleges that on August 5, 2025, defendants released disappointing second quarter fiscal year 2025 results, disclosing that advertising revenue decelerated significantly in the quarter, in part, due to Snap having "shipped a change that caused some campaigns to clear the auction at substantially reduced prices."  On this news, the price of Snap stock fell more than 17%, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Snap securities during the Class Period to seek appointment as lead plaintiff in the Snap class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Snap class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Snap class action lawsuit.  An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Snap class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation.  Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors.  In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices. 

Contact:

            Robbins Geller Rudman & Dowd LLP
            J.C. Sanchez, Jennifer N. Caringal
            655 W. Broadway, Suite 1900, San Diego, CA 92101
            800-449-4900
            info@rgrdlaw.com 

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SOURCE Robbins Geller Rudman & Dowd LLP