The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors who purchased Snap Inc. (“Snap” or the “Company”) (NYSE: SNAP) securities between April 29, 2025 to August 5, 2025, inclusive (the “Class Period”). Snap investors have until October 20, 2025 to file a lead plaintiff motion.

IF YOU SUFFERED A LOSS ON YOUR SNAP INC. (SNAP) INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.

What Happened?

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.

What Is The Lawsuit About?

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.

Contact Us To Participate or Learn More:

If you purchased Snap securities, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:

Law Offices of Frank R. Cruz

2121 Avenue of the Stars, Suite 800

Telephone: 310-914-5007

Email: info@frankcruzlaw.com

Visit our website at: www.frankcruzlaw.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250826790907/en/

Law Offices of Frank R. Cruz Encourages Snap Inc. (SNAP) Investors To Inquire About Securities Fraud Class Action