NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Snap Inc. ("Snap" or the "Company") (NYSE: SNAP). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, 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.

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On February 6, 2024, post-market, Snap issued a press release announcing its financial results for the quarter and full year ended December 31, 2023. Among other items, Snap disclosed fourth-quarter revenue of approximately $1.361 billion, representing an increase of 5% year-over-year and falling short of consensus estimates. 

On this news, Snap's stock price fell $6.04 per share, or 34.61%, to close at $11.41 per share on February 7, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, 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 billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

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SOURCE Pomerantz LLP