Snap Inc.

Background

Company Name	Snap Inc.
Stock Symbol	SNAP
Class Period	April 29, 2025 to August 05, 2025
Lead Plaintiff Motion Deadline	October 20, 2025

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If you suffered a loss on your Snap Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filling out this form mean you have joined any lawsuit.

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Additional Comments

Background

On August 5, 2025, Snap released its second quarter fiscal 2025 financial results, disclosing a deceleration in advertising revenue growth due to “an issue related to [its] ad platform, the timing of Ramadan and the effects of the de minimis changes.”

On this news, Snap’s stock price fell $1.61, or 17.1%, to close at $7.78 per share on August 6, 2025, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) 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; (2) Snap was already experiencing the ramifications of a significant execution error when Defendants claimed a lack of visibility due to macroeconomic conditions; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

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