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Snap investors may sue over alleged fraud after stock dropped 17% following hidden ad revenue decline.
Investors who lost money on Snap Inc. stock between April 29 and August 5, 2025, may qualify for compensation in a class action lawsuit alleging securities fraud.
The suit claims Snap misled investors by hiding a sharp drop in advertising revenue growth, from 9% in Q1 to just 1% in April, while making positive public statements.
After Snap reported second-quarter results on August 5, citing issues with its ad platform, Ramadan timing, and minor system changes, its stock fell 17.15% the next day.
The lawsuit, filed by Levi & Korsinsky LLP and Kahn Swick & Foti, LLC, seeks recovery for affected shareholders, with a deadline of October 20, 2025, for potential lead plaintiffs to file.
Los inversores de Snap pueden demandar por presunto fraude después de que las acciones cayeran un 17% tras la caída de los ingresos publicitarios ocultos.