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SNAP Lawsuit Filed: Jakubowitz Law Pursues Claims on Behalf of Snap Inc. Shareholders

Newsfile Corp.

New York, New York--(Newsfile Corp. - November 29, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Snap Inc. (NYSE: SNAP).

CLICK HERE FOR MORE DETAILS:

https://claimyourloss.com/securities/snap-inc-loss-submission-form/?id=21707&from=5

Affected shareholders purchased shares of SNAP between July 22, 2020 and October 21, 2021

Shareholders interested in representing the class of wronged shareholders have until January 10, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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According to a filed complaint, Snap Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) Apple's privacy changes would have, and were having, a material impact on the Company's advertising business; (2) Snap overstated its ability to transition its advertising with Apple's privacy changes; (3) Snap knew of, but downplayed, the risks of the impact that Apple's privacy changes had on the Company's advertising business; (4) Snap overstated its commitment to privacy; and (5) as a result of the foregoing, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105767