Please complete this form relating to your transactions for Snap, Inc. (NYSE: SNAP) (“Snap”) securities between between July 22, 2021 and October 21, 2021.
You may also contact James Maro, Esq. (484) 270-1453; or toll free at (844) 887-9500; or you may submit your information via email at email@example.com; or you may click here to print a PDF of this form.
Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of purchasers of Snap, Inc. (NYSE: SNAP) (“Snap”) securities between July 22, 2021 and October 21, 2021.
Snap investors may receive additional information about the investigation by clicking the link "Submit Your Information" above.
Snap is an American camera and social media company based in Santa Monica, California, that develops and maintains technological products and services such as “Snapchat” and “Bitmoji.”
On Thursday, October 21, 2021, upon issuing its third-quarter earnings, Snap stock fell more than 20% when CEO Evan Spiegel reported that Snap’s advertising business had allegedly been affected by recent privacy changes introduced by Apple in its iOS mobile operating system in June and July. Specifically, Spiegel claimed that “the new Apple-provided measurement solution did not scale as we had expected, making it more difficult for our advertising partners to measure and manage their ad campaigns for iOS.”
As a result, in its Q4 guidance, Snap would go on to report an expected revenue decrease to fall in the range of $1.165-$1.205 billion, lower than the consensus estimate of $1.36 billion.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at firstname.lastname@example.org.