Overview

A class action lawsuit has been filed against Snap, Inc. (“Snap” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws. The Company’s common stock traded on the New York Stock Exchange (the “NYSE”) under the symbol “SNAP.”

The Snap class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired Snap securities between April 29, 2025, to August 5, 2025, both dates inclusive, (the “Class Period”).

Snap is a technology company best known for Snapchat, a visual messaging application. Snapchat connects brands and directs responses to advertisers to customers through the Snapchat platform. Snapchat offers multiple different ad types, integrations, and locations, and provides the ability for entities to bid for more targeted ad placements.

The Snap lawsuit alleges that Defendants provided investors with material information concerning Snap’s advertising revenue expectations for the second quarter and full year fiscal 2025. Defendants’ statements included, among other things, confidence in Snap’s ability to execute on its advertising growth potential and in management’s claims that ongoing headwinds in April were externally sourced, coupled with the minimization of both the significance of such headwinds and the magnitude of their impact.

Furthermore, the lawsuit alleges that Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Snap’s advertising revenue growth rate; notably, that, due to Snap’s own execution failure, it had significantly declined from 9% in the first quarter to only 1% in April. Such statements absent these material facts caused Plaintiff and other shareholders to purchase Snap’s securities at artificially inflated prices.

*          *          *

If you purchased or otherwise acquired Snap securities between April 29, 2025, to August 5, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as lead plaintiff in the Snap class action lawsuit is October 20, 2025.