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SNAP SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Snap Inc. - SNAP

1. Investors can file claims until October 20, 2025. 2. Snap faces a class action lawsuit for failing to disclose material information. 3. Recent earnings report revealed slowing ad revenue growth. 4. Snap's stock fell 17.15% following the poor earnings announcement. 5. The lawsuit impacts shareholders from April 29 to August 5, 2025.

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FAQ

Why Bearish?

The class action lawsuit and significant stock drop indicate potential ongoing volatility. Historical examples include Wirecard's insolvency leading to significant losses for investors.

How important is it?

The lawsuit could deter new investors and cause existing investors to exit, impacting SNAP significantly.

Why Short Term?

Legal proceedings can cause immediate stock price reactions. Similar situations previously led to rapid investor sell-offs, affecting short-term stock performance.

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NEW ORLEANS, Sept. 5, 2025 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 20, 2025 to file lead plaintiff applications in a securities class action lawsuit against Snap Inc. (NYSE:SNAP), if they purchased the Company's securities between April 29, 2025 to August 5, 2025, inclusive (the "Class Period"). This action is pending in the United States District Court for the Central District of California.

Get Help

Snap investors should visit us at https://claimsfiler.com/cases/nyse-snap-2/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Snap and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On August 5, 2025, the Company announced its financial results for the second quarter of fiscal 2025, disclosing a deceleration in advertising revenue growth due to "an issue related to our ad platform, the timing of Ramadan and the effects of the de minimis changes."

On this news, the price of Snap's shares fell from a closing price of $9.39 per share on August 5, 2025 to $7.78 per share on August 6, 2025, a decline of about 17.15% in the span of just a single day. 

The case is Abdul-Hameed v. Snap, Inc., et al., No. 25-cv-07844.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

Cision View original content:https://www.prnewswire.com/news-releases/snap-shareholder-alert-claimsfiler-reminds-investors-with-losses-in-excess-of-100-000-of-lead-plaintiff-deadline-in-class-action-lawsuits-against-snap-inc---snap-302548024.html

SOURCE ClaimsFiler

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