Snap Inc. Securities Fraud Lawsuit
Analysis based on 10 articles · First reported Aug 21, 2025 · Last updated Sep 22, 2025
The class action lawsuit against Snap Inc. for alleged securities fraud has led to a significant decline in its stock price, impacting investors who purchased shares between April 29, 2025, and August 5, 2025. This event highlights the risks associated with corporate disclosures and can lead to increased scrutiny of financial reporting in the social media and technology sectors.
Levi & Korsinsky has initiated a class action securities lawsuit against Snap Inc., alleging that the company made materially false and misleading statements to investors regarding its advertising revenue growth rate. The complaint states that Snap Inc.'s advertising revenue growth significantly declined from 9% in the first quarter to only 1% in April, a fact allegedly concealed from investors. On August 5, 2025, Snap Inc. announced its Q2 2025 financial results, revealing a deceleration in advertising revenue growth, which it attributed to issues with its ad platform, the timing of Ramadan, and de minimis changes. Following this announcement, Snap Inc.'s stock price dropped by approximately 17.15% in a single day. Investors who suffered losses during the period of April 29, 2025, to August 5, 2025, have until October 20, 2025, to request to be appointed as lead plaintiff in the lawsuit filed in the United States — United States District Court for the Northern District of California.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard