RADNOR, PA / ACCESSWIRE / January 20, 2019 / Kaskela Law LLC announces that a shareholder class action lawsuit
has been filed against Snap, Inc. ("Snap" or the "Company") (NYSE: SNAP) on behalf of investors who purchased the Company's common
stock between March 2, 2017 and August 10, 2017 (the "Class Period").
Investors who purchased the Company's common stock during the Class Period and suffered a financial loss in excess of $100,000
as a result of such purchases are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) toll-free at (888) 715 -1740, or
online at http://kaskelalaw.com/case/snap-inc/, for additional
information and to learn how to participate in the action.
IMPORTANTDEADLINE: Investors who purchased Snap's common stock during the Class Period may,
no laterthan January 31, 2019, seek to be appointed as a lead plaintiff representative of the
class through Kaskela Law LLC, or other counsel, or may choose to do nothing and remain an absent class member.
The shareholder class action complaint alleges that Snap made false and misleading statements and omissions to investors during
the Class Period concerning: (i) the impact of competition from Instagram, a Facebook subsidiary, on Snap's core business,
including Snap's Daily Active Users ("DAU"); (ii) the existence and substance of a lawsuit challenging the metrics by which
investors and advertisers valued Snap's platform, and internal control deficiencies at Snap; and (iii) Snap's misrepresentations
concerning its now admitted use of "growth hacking," a technique use to artificially inflate DAU numbers.
Beginning in May 2017, the Company issued a series of financial and operational reports to investors that disclosed, among other
things, disappointing user growth at the Company's Snapchat messaging platform. Following these reports, sharesof the
Company's stock declined from a Class Period high of $27.09 per share toclose at $11.83 per share on August 11,
2017.
Snap investors are encouraged to contact Kaskela Law LLC for additional information about this action and to discuss their legal
rights and options. Kaskela Law LLC exclusively represents investors in state and federal actions throughout the country. For
additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(888) 715 -1740
(484) 258 -1585
skaskela@kaskelalaw.com
SOURCE: Kaskela Law LLC
