An investigation for investors in Snap Inc. (NYSE:SNAP) shares over potential securities laws violations by Snap Inc. was announced.
San Diego, CA -- (SBWIRE) -- 08/15/2023 -- Snap Inc is under investigation over possible securities laws violations in connection with certain financial statements.
Investors who purchased shares of Snap Inc. (NYSE: SNAP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Snap Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Snap Inc. reported that its annual Total Revenue rose from over $4.11 billion in 2021 to over $4.6 billion in 2022, and that its Net Loss increased from $487.95 million in 2021 to over $1.42 billion in 2022.
On July 25, 2023, Snap Inc. reported its second quarter 2023 financial results. Among other things, Snap Inc. also reported a weaker than expected Q3 forecast.
Shares of Snap Inc. (NYSE: SNAP) declined from $13.89 per share on July 13, 2023, to as low as $9.99 per share on July 26, 2023.
Those who purchased shares of Snap Inc. (NYSE: SNAP) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.