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

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Snap Inc. (SNAP) Investigation

11:02 am ET July 25, 2022 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / July 25, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers ofSnap Inc. ("Snap" or the "Company") (NYSE:SNAP). Investors who purchased Snap securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/snap.

Bronstein, Gewirtz and Grossman, LLC, Monday, July 25, 2022, Press release picture

The investigation concerns whether Snap and certain of its officers and/or directors have violated federal securities laws.

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.

If you are aware of any facts relating to this investigation or purchased Snap shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/snap. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Yael Nathanson

212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC





View source version on accesswire.com:

https://www.accesswire.com/709597/Bronstein-Gewirtz-Grossman-LLC-Notifies-Shareholders-of-Snap-Inc-SNAP-Investigation



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COMTEX_410925219/2457/2022-07-25T11:02:44

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