Los Angeles, CA - 
(NewMediaWire) - November 1, 2021 - The 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.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
