law office Kessler Topaz Meltzer & Check, LLP Notify investors that a securities class action has been filed against Snap Inc. (“Snap”) (("http://www.w3.org/1999/xhtml" Relative ="Not following" href="https://cts.businesswire.com/ct/CT?id=smartlink&, url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FSNAP%3Fp%3DSNAP%26.tsrc%3Dfin-srch&, esheet= 52558945&, newsitemid=20220108005001&, lan=en-US&, anchor=NYSE%3A+SNAP&, index=2&, NYSE:Break off). The lawsuit accused Snap of violating federal securities laws, including omissions and fraudulent misrepresentations related to the company’s advertising business. Due to Snap’s materially misleading statements about the market, Snap investors have suffered significant losses.
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Deadline for lead plaintiff: January 10, 2022
Class time: July 22, 2020 to October 21, 2021
Contact a lawyer to discuss your rights:
James Marlow, Esq. (484) 270-1453 or toll free (844) 887-9500 or email to [email protected]
Snapshot Suspected misconduct
Snap is an American camera and social media company that develops and maintains technical products and services, such as the social media application “Snapchat”, a glasses product that connects to Snapchat and captures video glasses, and includes AR (augmented reality) and Snap in Advertisement within the product advertisement.
In the filing with the U.S. Securities and Exchange Commission, Snap admitted that almost all of its revenue is achieved by providing various advertising products on Snapchat, and mainly through advertising-based…