NEW YORK–(BUSINESS WIRE)–Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Snap, Inc. (“Snap” or the “Company”) (NYSE: SNAP) on behalf of Snap stockholders. Our investigation concerns whether Snap has violated the federal securities laws and/or engaged in other unlawful business practices.
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On October 21, 2021, Snap reported its third-quarter 2021 earnings, which missed revenue expectations. Snap cited Apple’s iPhone privacy changes as the source of disruptions to the Company’s advertising business and warned that global supply chain interruptions and labor shortages had reduced the “short-term appetite to generate additional customer demand through advertising.”
On this news, Snap’s stock price fell $19.97 per share, or nearly 27%, to close at $55.14 per share on October 22, 2021.
If you purchased or otherwise acquired Snap shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at firstname.lastname@example.org, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.