Digital Media Net - Your Gateway To Digital media Creation. News and information on Digital Video, VR, Animation, Visual Effects, Mac Based media. Post Production, CAD, Sound and Music
Categories: News

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Snap Inc. and Encourages Investors with Losses to Contact the Firm

FacebookFacebookTwitterTwitterEmailEmailWhatsAppWhatsAppFlipboardFlipboardGmailGmailRedditRedditLinkedInLinkedInMessengerMessengerShareShare

LOS ANGELES–(BUSINESS WIRE)–$SNAP #SNAPThe Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Snap Inc. (“Snap” or “the Company”) (NYSE: SNAP) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Snap announced its third quarter earnings on October 21, 2021, missing Wall Street expectations. CEO Evan Spiegel blamed the miss on Apple’s privacy-focused changes to iPhones and related devices, which he had previously praised. Spiegel said: “While we anticipated some degree of business disruption, 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.” Based on this news, shares of Snap fell by 22% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contacts

The Schall Law Firm

Brian Schall, Esq.

310-301-3335

info@schallfirm.com
www.schallfirm.com

Staff

Recent Posts

Adobe Introduces New AI-Powered Video Tools in Adobe Express for Intuitive Content Creation

Major advancements in video, including new Clip Maker and custom b-roll and background generation, make…

11 hours ago

Adobe Introduces New AI-Powered Video Tools in Adobe Express for Intuitive Content Creation

Major advancements in video, including new Clip Maker and custom b-roll and background generation, make…

11 hours ago

SmartStop Self Storage Expands Digital Capabilities With Mobile App Rollout Across All Locations

LADERA RANCH, Calif.--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE:SMA), an internally managed real estate…

11 hours ago

GigaIO Announces General Availability for Gryf, the World’s First Portable AI Supercomputer

Groundbreaking suitcase-sized AI supercomputer shipping to DoD and Intelligence Community, has immediate applications across defense,…

11 hours ago

AIREM Elevates Patient Experience with Perfect Corp.’s AI-Powered Skincare Pro Technology

Cutting-Edge AI Skin Analysis Delivers Measurable, Personalized Insights for Aesthetic Treatments NEW YORK--(BUSINESS WIRE)--Perfect Corp.…

11 hours ago

NCAA and Genius Sports Expand Partnership Through 2032

Genius Sports confirmed as the exclusive provider of official NCAA data to licensed sportsbooks for…

11 hours ago