Snap Inc
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Communication Services : Interactive Media & Services | Mid Cap Blend
Company profile

Snap Inc. is a camera company. The Company's flagship product, Snapchat, is a camera application that helps people communicate visually with friends and family through short videos and images called Snaps. Snapchat is its core mobile device application and contains five tabs. Its tabs include Camera, Communication, Snap Map, Stories and Spotlight. The Camera is the starting point for creation in Snapchat. Snapchat opens directly to the Camera, making it easy to create a Snap and send it to friends. Communication allows users to send Snaps to friends collectively or individually, through its messaging architecture. Snap Map is a live and personalized map that allows Snapchatters to connect with friends and explore what is going on in their local area. Stories feature content from a Snapchatter's friends, its community, and its content partners. Spotlight is a way to share user-generated content with the entire Snapchat community. Its advertising products include Snap Ads and AR Ads.

Closing Price
$9.82
Day's Change
-0.37 (-3.63%)
Bid
--
Ask
--
B/A Size
--
Day's High
10.33
Day's Low
9.81
Volume
(Average)
Volume:
29,121,853

10-day average volume:
28,795,962
29,121,853

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snap Inc. - SNAP

4:55 pm ET July 22, 2022 (Globe Newswire) Print

EQNX::TICKER_START (NYSE:SNAP), EQNX::TICKER_END Pomerantz LLP is investigating claims on behalf of investors of Snap Inc. ("Snap" or the "Company") (NYSE: SNAP). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Snap and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On July 21, 2022, Snap issued a press release announcing the Company's financial results for the second quarter of 2022. Among other items, Snap reported revenue growth of only 13%, falling short of expectations for 15.5%, and a net loss of $422 million, compared to $152 million for the same period in the prior year. Following publication of Snap's results, multiple analysts downgraded the Company's stock.

On this news, Snap's stock price fell $6.40 per share, or 39.14%, to close at $9.95 per share on July 22, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com

CONTACT:

Robert S. Willoughby

Pomerantz LLP

rswilloughby@pomlaw.com

888-476-6529 ext. 7980

https://ml.globenewswire.com/media/Nzg0YTUwNDktNWQyZS00ZGQ2LTgyNDAtMGNiYjk1ZDhjMDIwLTEwMjkyMTc=/tiny/Pomerantz-LLP.png

https://ml.globenewswire.com/media/Nzg0YTUwNDktNWQyZS00ZGQ2LTgyNDAtMGNiYjk1ZDhjMDIwLTEwMjkyMTc=/tiny/Pomerantz-LLP.png

comtex tracking

COMTEX_410766323/2010/2022-07-22T16:55:49

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